{"id":3997,"date":"2025-01-10T20:37:27","date_gmt":"2025-01-10T16:37:27","guid":{"rendered":"https:\/\/mystifying-torvalds.74-208-165-98.plesk.page\/?page_id=3997"},"modified":"2025-01-10T20:46:49","modified_gmt":"2025-01-10T16:46:49","slug":"difc-foundation","status":"publish","type":"page","link":"https:\/\/mystifying-torvalds.74-208-165-98.plesk.page\/?page_id=3997","title":{"rendered":"DIFC foundation"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"3997\" class=\"elementor elementor-3997\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-942c6aa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"942c6aa\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-da3f481\" data-id=\"da3f481\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5459ea3 elementor-widget elementor-widget-spacer\" data-id=\"5459ea3\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fa3acce elementor-widget elementor-widget-image\" data-id=\"fa3acce\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"100\" height=\"100\" src=\"https:\/\/mystifying-torvalds.74-208-165-98.plesk.page\/wp-content\/uploads\/2023\/03\/add.png\" class=\"attachment-full size-full wp-image-167\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c5d21ad elementor-widget elementor-widget-heading\" data-id=\"c5d21ad\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">DIFC Foundation Overview <\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4013b6f elementor-widget elementor-widget-spacer\" data-id=\"4013b6f\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4fcd77a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4fcd77a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0d6b8de\" data-id=\"0d6b8de\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ac75be6 elementor-widget elementor-widget-text-editor\" data-id=\"ac75be6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>As many people use this unprecedented amount of time at home to reflect on estate and succession planning we look at one of the successful tools used to help achieve personal goals. Rosemont Partners works with many international clients who choose to use foundations for wealth planning and philanthropy.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-500c6ab elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"500c6ab\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d36b855\" data-id=\"d36b855\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-41124fd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"41124fd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-297b7aa\" data-id=\"297b7aa\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fc12951 elementor-widget elementor-widget-spacer\" data-id=\"fc12951\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-4103661\" data-id=\"4103661\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-43fd77a elementor-widget elementor-widget-text-editor\" data-id=\"43fd77a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3><strong style=\"color: inherit; font-family: Rajdhani, sans-serif; font-size: 1.5rem;\">The Practical Uses of a Foundation:<\/strong><\/h3><ul><li>Charitable and philanthropic purposes<\/li><li>Estate and succession planning<\/li><li>Wealth preservation<\/li><li>Asset protection<\/li><li>Consolidation of worldwide assets<\/li><li>Centralised reporting<\/li><li>Inheritance tax planning<\/li><li>Avoidance of forced heirship rules<\/li><li>Privacy<\/li><li>Separation of voting and economic benefit Maintenance of corporate control<\/li><li>Employee share option schemes.<\/li><\/ul><p>\u00a0<\/p><p>A foundation is an incorporated, self-owning legal entity, which although has much in common with limited companies and trusts, possess its own unique features. They are regarded as one of the most robust vehicles for holding private, commercial and charitable assets and eventually delivering them to an exact intended destination<\/p><p>Historically a foundation was mainly established in civil law jurisdictions as an alternative to common law trusts but now there are a limited number of common law jurisdictions offering them. As well as delivering confidentiality foundations offer the founder and beneficiaries a high degree of protection against creditors as well as providing certainty in forced heirship issues.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-960c738 elementor-reverse-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"960c738\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-e51c71c\" data-id=\"e51c71c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1ac3024 elementor-widget elementor-widget-text-editor\" data-id=\"1ac3024\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3><strong>ABOUT DIFC<\/strong>:<\/h3><p>DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region\u2019s largest financial ecosystem. DIFC has positioned itself as a global business hub by maintaining international standards; providing a world-class physical, legal and regulatory infrastructure; ensuring the financial sustainability of DIFC and the companies established in the centre.<\/p><p>\u00a0<\/p><h3><strong>What are the Requirements of a DIFC Foundations?<\/strong><\/h3><ul><li>Minimum of one (1) founder<\/li><li>Minimum of two (2) council members.<\/li><li>A Foundation shall at all times have a registered office in the DIFC. This requirement may be satisfied by leasing an office in the DIFC, sharing an office with an affiliated entity already present in the DIFC, or by appointing a Registered Agent.<\/li><li>A Foundation may not carry out any commercial activities, except those necessary for, and ancillary or incidental to, its objects.<\/li><li>A Foundation that has a charitable object, or a specified non-charitable object must have a Guardian<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-ddfd7ae\" data-id=\"ddfd7ae\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-da4da5f elementor-widget elementor-widget-spacer\" data-id=\"da4da5f\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-774fd10 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"774fd10\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/mystifying-torvalds.74-208-165-98.plesk.page\/contact-us\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">To find out more, speak to one of our experienced business development team members.<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>DIFC Foundation Overview As many people use this unprecedented amount of time at home to reflect on estate and succession planning we look at one of the successful tools used to help achieve personal goals. Rosemont Partners works with many international clients who choose to use foundations for wealth planning and philanthropy. The Practical Uses [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"class_list":["post-3997","page","type-page","status-publish","hentry"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/mystifying-torvalds.74-208-165-98.plesk.page\/index.php?rest_route=\/wp\/v2\/pages\/3997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mystifying-torvalds.74-208-165-98.plesk.page\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mystifying-torvalds.74-208-165-98.plesk.page\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mystifying-torvalds.74-208-165-98.plesk.page\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/mystifying-torvalds.74-208-165-98.plesk.page\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3997"}],"version-history":[{"count":10,"href":"https:\/\/mystifying-torvalds.74-208-165-98.plesk.page\/index.php?rest_route=\/wp\/v2\/pages\/3997\/revisions"}],"predecessor-version":[{"id":4008,"href":"https:\/\/mystifying-torvalds.74-208-165-98.plesk.page\/index.php?rest_route=\/wp\/v2\/pages\/3997\/revisions\/4008"}],"wp:attachment":[{"href":"https:\/\/mystifying-torvalds.74-208-165-98.plesk.page\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}