Have an offshore service questions? Before you email or call us, check through our full FAQ page to see if there’s an answer to question on offshore company formation, opening bank accounts, offshore trusts, private foundations or second citizenship programs.
If you have any questions regarding Offshore Companies, Offshore Trusts, Offshore Foundations, Offshore Bank Account or Second Citizenship, please review our FAQ’s to see if your question is addressed here. If your question is not addressed here, or you still have questions, please feel free to contact us by e-mail or telephone.
- Second citizenship and 2nd Passport.
- Offshore Companies
- Bank Accounts.
- Offshore Trust and Foundations.
Second Citizenship and 2nd Passport
- If the Passport or Certificate of Naturalization (registration) was lost or stolen, what should I do to get a replacement for these documents?
- What is the validity period of Dominica and St. Kitts passport?
- Is it possible to insert a child’s name in the parents’ passport and get an extra passport for that child simultaneously?
- What information do passports contain?
- Are there any English language requirements for Dominica or St. Kitts citizenship?
- Can the interview be waived? What happens during the interview for Dominica citizenship?
- Can I renounce my previous citizenship after I am granted citizenship of Dominica or St. Kitts?
- Can I renounce my Dominican or Kittitian citizenship due to circumstances?
- Under what circumstances can I and members of my family, loose citizenship?
- Is it possible to change my name while applying for the citizenship?
- Is it possible to change the date and place of birth?
- What residential address is noted in the passport?
- Is it possible to provide my police certificate and medical certificate from the country in which I permanently reside, which is different than the country of my original citizenship?
- What can you say about market offers for citizenship of Greece, Venezuela and other countries?
- My wife and I live together in civil marriage and we don’t have a marriage certificate. Can we apply for the citizenship as a family?
- What is due-diligence and how much does it cost?
- If I have children from a previous marriage, can I apply for citizenship for them with my present family?
- What is a family? Is it possible to include my parents, brothers, sisters under family application? Do the programs recognize unisex marriages?
- Who can be the main applicant for the Citizenship?
- Can my Citizenship be revoked if the Economic Citizenship Program is stopped?
- Have you got any idea on how long the Economic Citizenship Program is going to last?
- Can we get assistance and support if necessary from your company after citizenship of Dominica is granted?
- Is it possible as a citizen of Dominica to buy a real estate in such countries as USA, Canada, Great Britain, Switzerland, without establishing permanent residency in these countries?
- Are the Citizenship fees and terms of payment negotiable?
- What do you think about citizenship scams and how can we avoid being conned?
If my passport or certificate of naturalization (registration) is lost or stolen, what should I do to get a replacement for these documents?
First, you must report the document stolen in the country where it was stolen, ensuring that you get a register of your claim (statement). Then, you must submit a letter explaining the reason for replacement and a formal request for replacement of passport including a notarized photocopy of the police issued statement/claim. These documents must be in English. This is then forwarded to the immigration department or Legal affairs with fees and passport pictures as specified. CCP offers passport replacement services as well.
What is the validity period of Dominica and St. Kitts passport?
In Dominica and St. Kitts the validity period of a child’s passport is five years; the passport for an adult is ten years. It is possible to issue passport to a child from the date of birth. A child’s passport could be signed by the child itself (depending on the age), or by one of the parents or by a legal guardian of the child. Child’s passport is a passport issued to a citizen under the age of 16.
Is it possible to insert a child’s name in the parents’ passport and get an extra passport for that child simultaneously?
If you are inserting a child’s name in the passports of both parents, you cannot apply for an extra passport for that child. However, if you insert the child’s name only in the passport of one of the parents, you can apply for a separate passport for that child.
What information do passports contain?
Passports for adults and children contain the following information: name, middle name, surname, date of birth, place of birth, occupation, height, distinguishing marks (if applicable).
Are there any English language requirements for Dominica or St. Kitts citizenship?
In Dominica, all main applicants interview with a committee appointed by the Prime Minister. The interview is in English and therefore you are expected to communicate in English. Interpreters may be provided if English is not good enough. We will prepare you for this interview, providing you with necessary information and facts essential to the interview. After our preparation exercise, you will be fully prepared for the interview.
Can the Dominica interview be waived? What does happen during the interview for Dominica citizenship?
No,the interview cannot be waived, however at the total expense of the clients, the interview can be held in London or New York.
In Dominica, the interview panel meets twice a month with applicants. The interview normally lasts up to one hour. You will be asked questions about yourself (all the details on your application form will be confirmed); the basic knowledge of the country’s history will be tested. General questions include reasons for requiring second citizenship, knowledge of Dominica, business and other experiences.We will prepare you for the interview, so you have nothing to worry about.
Can I renounce my previous citizenship after I am granted citizenship of Dominica?
Yes, you can, if you wish. The procedure of the citizenship renunciation differs from country to country. Dominica and St. Kitts both allow dual citizenship so you do not need to consider renunciation, it is an individual decision based on your personal circumstances.
Can I renounce my Dominican citizenship due to circumstances?
Yes, you can. The procedure is not very difficult. You will need to follow the procedures, and it can be done by mail or in person.
Under what circumstances can I and members of my family, loose the citizenship?
The citizenship can only be revoked if you provided false and misleading information about yourself and your family under the application for citizenship.
Is it possible to change my name while applying for the citizenship?
You may only change your name after one year of receiving Citizenship. Name changes are made through the Deed Poll procedure. After which you can apply for the passport under your new name Your previous name is not noted in your new passport.
Is it possible to change the date and place of birth?
No, and we want to remind you once again, that the program of granting citizenship is totally legitimate. For this reason, your passport will state your real date and place of birth. It is not possible to issue a backdated passport.
What residential address is noted in the passport?
Residential address is not included in the passport.
Is it possible to provide my police certificate and medical certificate from the country in which I permanently reside which is different than the country of my original citizenship?
Medical Certificate can be obtained from any hospital, doctor or GP anywhere in the world.
A police certificate can be obtained from the nearest police station if you permanently reside in the country of your citizenship. If you do not reside in the country of your citizenship, you have to produce two police certificates: one from the country of citizenship, another from the country where you last legally resided for over a year. If the country of your residence is not the country of your first citizenship, you have to produce a residency permit together with a police certificate, which is usually stamped in the passport to prove that your residency was legal.
What can you say about market offers for citizenship of Greece, Venezuela and other countries?
There are no legitimate and fast citizenship programs in these countries. You might get a passport, but it will be nothing but well prepared fake. You will be stopped at the first border by the immigration officers. It is a criminal offence to carry and use fake passports. These false passports are not processed properly (your name and passport is not included in the passport registry of the country) and therefore will not guarantee you the benefits of the real citizenship.
My wife and I live together in civil marriage and we do not have a marriage certificate. Can we apply for the citizenship as a family?
No you cannot, you should consider the option to marry before the application process begins.
What is due-diligence and how much does it cost?
Due diligence is a process of checking the information you provided in your Citizenship application form, including the Interpol check. We do not do it ourselves, the Government subcontracts independent detective agencies for this purpose. It is normally quicker and cheaper to perform due-diligence on people who lived in one place for 10 years or Americans who lived in the same state all their lives. For Dominica citizenship due diligence, the cost varies from US$3,000 to US$8,000 per family, but can exceed this amount. The due diligence process for St Kitts and Nevis citizenship, the main applicant fee is US$7500 and all other dependents over 16 US$4000 each. The cost depends upon: the number of people in the family, age of applicants, the country of present citizenship and current residence, and how often you changed your residence. We have no influence over such costs and you have to pay the cost directly to the agency (in Dominica) and the Government (in St Kitts& Nevis).
I have children from a previous marriage, can I apply for citizenship for them with my present family?
Yes, you can do it. Dominica and St. Kitts recognizes equal rights of all children. In such cases you have to produce additional documents with your citizenship application. One such document is an application letter from the biological parent explaining that he/she has no objections against the participation of the child in the citizenship program. This letter should be written in English, or translated into English and certified (notarized)..
What is a family? Is it possible to include my parents, brothers, sisters under family application? Do the programs recognize unisex marriages?
For Dominica, there are several family options- the first, Family Application I, includes an applicant and a spouse for an investment of USD 175,000. The second, Family Application II, includes an applicant, spouse, and two children below the age of 18 for an investment of USD 200,000. Provisions for additional children are available at additional costs. Brothers, sisters and other relatives cannot apply for the citizenship as a family. Unfortunately, unisex marriage is not recognized in Dominica.
In St. Kitts, the SIDF option grants citizenship for a maximum of 7 members in a family including a spouse and children/dependents. Under the Real estate Option, no family size is set, but the application cost is based on number. Click here for details.
Who can be the main applicant for the citizenship?
The main applicant can be a man or a woman.
Will my Citizenship be revoked if the Economic Citizenship Program is stopped?
No. You are bestowed 100% legitimate citizenship, backed by Constitution and necessary legislation of the country. According to this legislation, you are also exempt from the term of obligatory residence in the country (which is 5 years) in exchange for non-refundable investment into the economy of the country. Therefore, even if the program would be stopped, citizens cannot lose their citizenship other than for reasons mentioned in Q.9.
Have you got any idea on how long these Economic Citizenship Programs will last?
Nobody knows. Recently, these Economic Citizenship Programs were reviewed with few changes. In Grenada and Belize, such programs have been stopped. So, do not delay with your application. Apply for it as soon as possible, because tomorrow could be a day too late.
If necessary, can CCP offer assistance and support after citizenship of Dominica is granted?
We assist our clients in other matters related to citizenship after they become citizens of Dominica or St Kitts. This may be a paid or free services depending upon the nature of the query. For example, we can assist with passport renewals, issue of new passports if lost or stolen, visa applications, Driver’s License (if you already have an existing in another country), etc. We will always assist you with your investment projects, property acquisition, establishing a residency or even setting up your business.
Is it possible as a citizen of Dominica or St. Kitts to buy real estate in such countries as USA, Canada, Great Britain, Switzerland, without establishing permanent residency in these countries?
Yes, you can do it without any problems, but sometimes a declaration of the origin of assets will be required. However, in some parts of Switzerland, for example, aliens are not allowed to buy property.
Are the Citizenship fees and terms of payment negotiable?
Government and CCP Inc fees and terms of payment are not negotiable. We accept only monetary payments, so please, do not waste your time with such enquiries as they will not be answered.
What do you think about citizenship scams and how can we avoid being conned?
The first and most important thing you have to know is this!!! There are only two legitimate fast citizenship programs at the moment — the Commonwealth of Dominica and the St. Kitts and Nevis program.
Genuine citizenship never comes cheap. You would be expected to donate or invest from US$75,000 (In Dominica) to US$300,000 (in St. Kitts) into the economy of these countries. If someone offers citizenship cheap, it is a scam!
Watch out for company contact details. Some con agencies do not provide their addresses or direct telephone numbers. Instead, you will listen to the answer phone message, which will suggest you to leave your contact number and they will contact you.
Be also aware of stolen blank passports and well prepared fakes. Such documents are not in the Passport Registry and you can be stopped at the first border by the immigration officers. Always remember that possession of a fake passport is a criminal offence!
Always deal with a reputable company to assist you with a citizenship application. It may be worth considering some bank guarantees for your payment, but it might be at an extra cost to you.
- How long does it take to set up an offshore company (IBC)?
- Are the forms I have to fill for incorporation complicated?
- Do you need a proof of identity to incorporate a new IBC or to buy an offshore shelf (vintage) company?
- Can tax authorities or any other “third party” get information about the beneficial owners of the offshore company?
- If I change my mind about wanting an offshore company, can I get a refund?
- What is a nominee service for an offshore IBC?
- What is asset protection?
- What are bearer shares?
- Do I have to keep financial records for my offshore company in the registered office?
- Is it possible to transfer my existing IBC to another jurisdiction you offer? What are the procedures?
- What can you say about the American offshore companies offered on the market?
- Do you sell shelf (vintage) companies?
How long does it take to set up an offshore company (IBC)?
Once the payment and all the required information are received from our clients, the time it takes varies from jurisdiction to jurisdiction, but generaly it takes 1-5 days. The documents will be dispatched by courier post (FedEx or DHL) from jurisdiction of incorporation.
Are the forms I have to fill for incorporation complicated?
There is nothing complicated in the forms you have to fill. We do incorporation work and make the changes to the structure of your IBC for you. This ensures accuracy, speed and law compliance.
Do you need a proof of identity to incorporate a new IBC or to buy an offshore shelf (vintage) company?
We would need a clear copy of one of the following (Photo ID) documents: Current Valid National ID card, valid Passport, Social Security Card or current full Driving License. Such documentation and information will be kept in strict confidence in our office.
Can tax authorities or any other “third party” get information about the beneficial owners of the offshore company?
The names of the beneficial owners and directors do not appear in any public document. To further preserve the confidentiality of the beneficial owners we recommend using the nominee services of director and shareholder, which we provide. That way the Registry will not know the names of beneficial owners of an offshore company. There is no open Registry of directors and shareholders.
Only your registered agent, which is “CCP Inc.”, will have your personal details. Government Authorities can request the information from the agent only with a court order, but they would have to present very strong evidence of illegal activities to the court for such order to be granted.
If I change my mind about wanting an offshore company, can I get a refund?
Once you have filled the incorporation form and paid the required amount, a refund is not possible. These funds would have already been committed to the incorporation fees and other related services performed.
What is a nominee service for an offshore IBC?
A nominee is a person who is not a real owner or director of the company, but who is appointed by the real owner to act in this capacity. Nominees are widely used by the owners of offshore companies to preserve their identity. A power of attorney is issued when nominee directors are used. By using the power of attorney, the nominee director transfers all the powers to manage the business to a person whom the real owner can trust.
What is asset protection?
It is a transfer of the ownership of your assets (investments, property, savings, etc) from an individual to a legal entity, an offshore company, and offshore trust or an offshore foundation. That way you are no longer the owner of your assets and it is much more difficult to be successful in suing you. But you are still in full control of that company or entity.
What are bearer shares?
The bearer share certificate specifies that the person having physical possession of the document is the owner, e.g. there is no name of the owner written on it. The transfer of bearer shares is simple, because the transfer of the certificate accomplishes transfer of ownership.
Do I have to keep financial records for my offshore company in the registered office?
No, there is no such requirement. You can keep your offshore IBC records anywhere you wish.
Is it possible to transfer my existing IBC to another jurisdiction you offer? What are the procedures?
You can do it without any problems. Such transfers are called re- domiciliation. Dominica, Anguilla, Belize and Nevis allow re-domiciliation. You have to prepare the following offshore IBC documents: a Continuance Application, which includes its existing Charter documents and all amendments; a resolution of the Board of Directors to continue in the jurisdiction. After the transfer, your company must adopt local bylaws (Memorandum and Articles of Association) to comply with local laws. The Certificate of Continuance will be issued by the Registrar after filing the above documents. Your offshore company is considered to be valid and existing from then on. You then have to apply for the company name to be struck off the Registry of the country of original domicile. We can arrange it for you.
What can you say about the American offshore companies offered on the market?
Firstly, there are no offshore companies in the USA. Companies offered on the market with the endings Corp, Corporation, Inc, Incorporated are not offshore in any case, whether they conduct business in or outside the US or if they have accounts in or outside the States. These companies could cause a lot of trouble to their owners and people who operate their accounts. Secondly, there is a legal body known as a Partnership or LLC, which if incorporated only by foreigners, and if it conducts its business only outside the US, and if it follows legal but complicated accounting practices can be considered tax exempted. Thirdly, the USA has an open registry of the shareholders and members of companies. In our opinion to incorporate a company in the USA is not the best solution for your tax planning strategy.
Do you sell shelf (vintage) companies?
Yes, we do. You can find the list of the offshore vintage companies on our “Offshore Shelf Companies” page. Our vintage companies have never been in use and have a 100% clean history. You can also amend the original incorporation details as regards to the share capital, share currency, etc to suit your needs.
- Where can I open a bank account for my IBC?
- How long does it take to set up an offshore bank account? What are the procedures?
- What documents are required to open an offshore bank account for an offshore IBC?
- My banks policy is not to provide bank references to clients, how can I satisfy the new banks requirements for a bank reference?
- Can someone tell from the name or banking details of the company that it is an offshore Company?
- To what address do the banks send statements for the account?
- Can I get a debit/credit card from an offshore bank?
- How safe is it to mail credit cards if they can be lost or stolen?
Where can I open a bank account for my IBC?
You may open an account for the IBC in practically any country in the Caribbean, USA, Canada, Great Britain, Latvia, Lithuania, Liechtenstein, Luxembourg, Switzerland, Spain, Austria, Denmark, etc. It all depends upon your objectives. It can be for investment, trading or savings purposes. That will determine what bank you want to choose (onshore or offshore). We provide bank introductions to our clients in reliable and efficient banks, which allows its clients to operate their account via phone, fax and Internet. Please note that you only pay for this service if you request it.
How long does it take to set up an offshore bank account? What are the procedures?
The time depends upon your location and how fast the documents can be delivered to your location. The bank account application documents will be enclosed in your company kit. You will also receive the check list of documents required by the bank which must be included with the account application form. Once the bank has received with required documents the account will be activated in a five days.
What documents are required to open an offshore bank account for an offshore IBC?
You have to fill the bank’s application forms and attach a certified photocopy of your ID as well as proof of residential address and bank reference letter on each signatory, director and shareholder of the Company.
My bank’s policy is not to provide bank references to clients, how can I satisfy the new banks requirements for a bank reference?
The bank to which you are applying to for an account will assist by making the request to your existing bank directly.
When you submit your application form, you must include all the relevant information on your existing bank such as the bank name, the branch address at which you hold the account and any contact information such as the name, telephone number and email address of a relevant officer of the bank if this is available.
Finally, you must write to your bank authorizing them to release the relevant information to the newly introduced bank for the purpose of your bank reference.
Can someone tell from the name or banking details of the company that it is an offshore Company?
No, it is not possible to determine whether the Company is an offshore or ordinary Company from its name or its banking details.
To what address do the banks send statements for the account?
Banks offer several options from which you can choose what is suitable for you. You can leave the statements in the bank, and collect them from time to time; receive them by fax; instruct your bank to mail them to any address in the world, including a P.O. Box, at your convenience. But you can always order the mail forwarding service from us.
Can I get a debit/credit card from an offshore bank?
Yes. The bank that we work with offers credit/debit card facilities for offshore IBCs. You have to apply for it yourself, once your bank account is opened with them.
How safe is it to mail credit cards if they can be lost or stolen?
Almost 100% safe. The bank, not our company, sends the cards directly to you. And even if your card is lost or stolen, nobody will be able to use it. To activate your card the bank needs the confirmation number from you personally. And you can only do it after you have received your card.
Offshore Trust and Foundations
To compare trust and foundations side-by-side click here
- What is an offshore trust, how does it work?
- What is a foundation?
- What is a trust used for?
- What can I use a foundation for?
- How can I set up a foundation?
- Is it easy to set up a trust?
- What or who is the settlor of a trust?
- What or who is the founder of a foundation?
- What is the trustee and what does the trustee do?
- What or who is the beneficiary?
- Is a trust a will?
- What are the advantages or benefits of Nevis and Belize offshore trusts?
- What are the advantages and benefits of Anguilla, Nevis or Belize foundations?
- What kind of property can I put into a trust or a foundation?
- What or who is the protector of a trust?
- Is information on beneficiaries available to public?
- Who is responsible for the property after the entity is formed?
- What is the trust deed?
- How quickly can a trust be formed?
- Can a trust be sued?
- Can a settlor be a beneficiary or trustee?
- Can trust property be shares in a company?
- Can an IBC be a settlor of a trust?
- What can I do with a trust?
- How can an offshore company and a trust benefit me?
- What is the minimum number required to set up a trust or a foundation?
What is an offshore trust, how does it work?
An offshore trust is a simple arrangement where property assigned by a settlor, is placed under the management of a trustee for the use and enjoyment of a beneficiary. This trust is registered in an offshore jurisdiction benefiting from tax exemptions and other advantageous legislation.
What is a foundation?
A foundation is a legal entity with some features of a corporation and a trust. It is similar to a corporation as it is a legal entity that can enter into contracts, can have bank accounts and can be used for a wide range of investment (and restricted commercial activities) The foundation has no shareholders, instead, there is a management body (board) . The foundation is similar to a trust in that it offers excellent asset protection, as legal ownership of assets is passed onto the foundation and can be used for efficient estate planning
What is a trust used for?
Trusts are generally used for asset protection, estate planning, estate planning privacy, spendthrift protection, as well as investment purposes.
What can I use a foundation for?
Foundations are generally used for asset protection, estate planning, estate planning privacy, investment purposes, as well as philanthropic and charitable purposes..
How can I set up a foundation?
A foundation is easy to set up. You the founder (the person who gives the assets) will write up a foundation charter (with our help) and which is then submitted to the registry. Once the registry is satisfied you have met all the requirements, they issue a certificate of registration.
Is it easy to set up a trust?
It is very easy to set up a trust. You, the settlor prepare a Trust Deed (through a lawyer) and the trust is registered. We can also provide you with a standard Trust Deed, this service is included in the trust formation.
What or who is the settlor of a trust?
The settlor of a trust is the person, a company or any other entity creating or placing property into a trust. The settlor is also known as the trustor, the grantor, the donor or the creator of the trust.
What or who is the founder of a foundation?
The Founder is the person or a corporation that forms the foundation and then transfers assets to the foundation.
What is the trustee and what does the trustee do?
The trustee is an individual, a company, or another entity (or trust) that receives the property to be managed for the benefit of the beneficiaries (who may be individuals or companies) In most cases, the Trustee appointed is usually us, the resident agent or the lawyer appointed by the registered agent. A trustee may also be a settlor and beneficiary. The trustees are the legal owners of the trust’s property. The trustee administers to the affairs of the trust, which can include: investing of assets, ensuring property is preserved and productive, accounting and reporting to parties where required.
What or who is the beneficiary?
The person or persons entitled to benefit under a trust or foundation, or for whom the pleasure and use of assets is preserved for is the beneficiary.
Is a trust a will?
No it isn’t, but it is a very good estate planning tool that can be used in place of a will. The trust, unlike a will is settled immediately and does not take the time or have the cost attached to probate the will. Unlike a will the Trust can be enforced based on the trust instructions during the life of settlor or after death, while a will is only enforced after death.
What are the advantages or benefits of Nevis and Belize offshore trusts
Nevis trusts and Belize trusts allow the legal ownership of property, say shares or a house, to be separated from the persons who previously owned it or who will enjoy the benefits of the house. When set up in an environment such as Belize or Nevis, the trust then serves to provide protection from claims against the property held, and enables wealth preservation. Someone, through divorce, cannot make a claim against a property held in a trust. While the trustees may be the managers of trust, the assets legally are bound to someone else, who does not yet have it. The property is in limbo.
What are the advantages and benefits of Anguilla, Nevis or Belize foundations?
Foundations in Anguilla and Nevis can choose to have disputes settled through arbitration rather than go through courts. Clients can have matters resolved in a confidential and efficient way, and have the option to select the method and place of dispute resolution. Nevis Multiform foundations can take on one of several forms (trust, company, partnership and ordinary private foundation) and can convert from one form to another at any time, without cause or penalty. A foundation with intended commercial activity has the flexibility of choosing the best type of structure.
What kind of property can I put into a trust or a foundation?
Assets/property/endowments can be in any form of specific property, real or intangible such as land, house, boats, cash, estates, jewelry, stocks and bonds, copyright, patents to name a few.
What or who is the protector of a trust?
The protector of a trust, who may also be the settlor, a trustee or a beneficiary, is vested with power which allows them to direct the trustees in matters relating to the trust. The protector, like the trustees also has a fiduciary duty to the beneficiaries or the purpose of the trust but is not a trustee. He is a person who has some control over the trust, such as the power to dismiss and appoint trustees. The trust can operate without protector.
Is information on beneficiaries available to public?
No information on the beneficiaries is available to the public or on public records.
Who is responsible for the property after the entity is formed?
The trustees are personally responsible and liable for property, its losses, or depreciation in the value of a trust and its assets, or the loss of profits.
What is the trust deed?
The trust deed, prepared by the settlor, is a physical document that details the terms of governance of the trust. It is these instructions for management of trust the trustees must follow.
How quickly can a trust or foundation be formed?
Trusts and Foundations can be set up by CCP in as little as 3 days.
Can a trust be sued?
No, but the trustees can, the property held in trust is not affected.
Can a settlor of the trust be a beneficiary or trustee?
Yes, a settlor can be a protector, trustee or the beneficiary.
Can trust property be shares in a company?
Can an IBC be a settlor of a trust?
What can I do with a trust?
Since a Trust is not a legal body cannot conduct business transaction on its own, but the trustees, may undertake such activities which make the trust productive for the beneficiary.
How can an offshore company and a trust benefit me?
If you have an offshore trust, which hold the shares in an offshore company which then becomes part of the property of the trust, the offshore company can be involved in commercial activity to the benefit of the trust.
How many persons does it take to set up a trust, or a foundation
The foundation and trust can be set up by one or more individuals, or corporate bodies. The minimum number of trustees ( for trust ) is one, and the minimum number of member in the council ( foundations ) is one as well.