THE PRIVATE FOUNDATION
A vehicle for asset protection
A regular foundation under the laws of Curaçao and St. Maarten may only make distributions for charitable (philanthropic) or social purposes and may not make distributions to the incorporator/founder or members of its board. The Stichting Particulier Fonds (SPF), or Private Foundation, is a legal entity and in particular a special form of foundation, which is not subject to this so-called legal ban on certain distributions.
The Private Foundation is frequently used in the context of asset protection as well as for tax and inheritance planning. A common construction is one in which the instigator/principal …
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