What is the difference between a Company and a Private Interest Foundation?
The main difference between the two is that the (offshore) company is used for commercial activities and the private foundation is commonly used for heritage protection. A company is composed of shares and shareholders; the owners of the shares will be the owners of the offshore company and therefore the ones who will enjoy the assets; unlike the Private Interest Foundation that has a founder and a beneficiary. In this case, the enjoyment of the Foundation’s assets will correspond to the beneficiary according to the provisions on the Foundation Charter.
