Yes, should not be a permanent resident of Belize; Cannot serve as Protector or Council Member
Should not be a permanent resident of Nevis
No
Should not be a resident
Should not be a resident; May not be Councillor and Guardian at the same time
Should not be resident; may not be Councillor if sole Councillor and may not be Beneficiary if sole beneficiary
Additional Roles Allowed
Yes, may be a Beneficiary
May be a Beneficiary or a Member
Yes, may be a Beneficiary
Yes, may serve as Council Member and Guardian
May be appointed as Guardian, or concillor; May be a Beneficiary
May act as Councillor or Protector and may be a Beneficiary
Beneficiary:
Restriction
Yes, should not be a permanent resident of Belize; Cannot serve as Council Member
Should not be a permanent resident of Nevis
No
Should not be a resident
Should not be a resident
Should not be resident; May not be same as Founder if sole Beneficiary
Additional Roles Allowed
May be the same as Founder
May be Founder
Yes, may be Founder
May also be Founder
May also be Founder
May act as Protector and may be Founder if not sole Beneficiary;
Council Member:
Restriction
At least one must be a Belize resident; Cannot serve as Founder, Protector or Beneficiary;
Management Board must be appointed
Minimum of 3 Members required
Yes
May not be a Guardian
May not be same as Founder if sole Councillor
Additional Roles Allowed
No
Member (not sole member) of the Management Board may be a member of the Supervisory Board; May be Founder
May be Beneficiary
May be Founder
May be Founder
May be same as Founder or Protector if not sole Councillor;
License Requirement
Only if acting as Council Member for multiple foundations
No
No
Yes, at least one member must be a resident regulated "qualified person"
No
No
Protector/Guardian:
Allowed
Yes
Supervisory Board may be appointed
Yes
Yes
Yes
Yes
Required
No
No
No
Guardian required
Yes if there are no named beneficiaries and if the foundation has specific purposes;
No
Additional Roles Allowed
No
May be a member (not sole member) of the Management Board
May be Beneficiary
May be Founder
May be Founder
May be Councillor, Beneficiary or Founder;
Restriction
Cannot be a Council Member; Cannot be Founder;
No
No
Cannot be a Member unless also the Founder or the qualified Council Member
May not be a Councillor
May not be Councillor if sole Councillor and may not be Beneficiary if sole Beneficiary;
Perpetuity period
Indefinite
Indefinite
Indefinite
Indefinite
Indefinite
Indefinite
Restriction on Foundation Endowment
Yes, should not include Belize real estate, shares in a Belize local company or shares in a company owning Belize real estate
Cannot include property or interest or asses in Nevis
None
Should not include immovable peoperty in Jersey
May not include propery in Guernsey
Should not include properties in Seychelles or shares and debentures in Seychelles domesic companies;
Taxation
Exempt
Exempt
Exempt so long as endowment is overseas
Exempt
Exempt
Exempt
Confidentiality
The names of Founder and Beneficiaries are not filed
The names of Founder and Beneficiaries are not filed
Actual names of Founder, Beneficiaries and Protector need not be revealed
The names of Founder, Council Member, Guardian and Beneficiaries are not filed unless these are contained in the Charter; the name of the qualified council member must be filed;
Names and addresses of Council Members and Guardian are filed
Foundations Comparison Table