Bringing assets into safe harbours
The Private Foundation
The tax advantages of a private foundation have unfortunately faded into the background since the introduction of the private foundation in the 1990s. Nevertheless, foundations are still interesting for entrepreneurs and for private individuals for other reasons (especially wealth succession planning).
We are happy to advise you.
Most potential founders are unsure about whether a private foundation is the right way to go. Together with you, we will work out whether a foundation is actually the optimal solution for your specific situation.
In the case of existing foundations, ongoing developments in case law, legislation and, last but not least, changes in the actual circumstances (e.g. desire to change or expand the group of beneficiaries, as long as this is possible) must be taken into account and, if necessary, foundation declarations must be adapted.
We advise founders, beneficiaries as well as bodies of private foundations. Thanks to many years of looking after several family foundations and, in addition, exercising board mandates, we have practical experience and can also support you competently with the help of tax advisors specialising in foundations – from the establishment of foundations to the review or amendment of foundation declarations to the exit from the foundation.
Thanks to our network abroad, we can advise you not only on the establishment and administration of an Austrian private foundation, but also on a wish for a Liechtenstein foundation.
"Money alone does not bring happiness. One also needs shares, gold and land."
Do you have questions about whether a foundation is the right solution for you?
We have all the answers.
...for further reading
Here you will find exciting articles from our lawyers on the topic of foundation law.