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… Continue reading THE PRIVATE FOUNDATION
Tag: founder’s rights
THE DUTCH CARIBBEAN PRIVATE FOUNDATION AND ITS SUPERVISORY DIRECTORS
Only natural persons may be appointed The articles of incorporation of a Private Foundation (PF) may provide, if so desired, that the authority of the board to make distributions is subject to the consent of the founder, a Supervisory Board or another body established within the PF e.g. an Advisory Board. It should be noted… Continue reading THE DUTCH CARIBBEAN PRIVATE FOUNDATION AND ITS SUPERVISORY DIRECTORS