Foundations - Fees Consultation Nov 2012
In December 2006, the States of Guernsey approved a States Report prepared by the Commerce and Employment Department regarding a review of Trust Law in Guernsey. This included the proposal for the introduction of Foundations.
In 2011, the Department, working with the Law Officers Chambers, prepared draft legislation for consultation. This legislation was approved by the States in 2012 and is currently with the Privy Council. It is anticipated that Foundations will be launched in Q1 2013.
Part of the introduction of this new legislation requires fees and charges for Foundations to be set by regulation in consultation with the Department.
The purpose of this consultation paper is to request feedback on the proposed fees. These fees have been set to sit alongside the charges levied by the Registry for limited companies and limited partnerships. The consultation document is available to download below.
The Commerce and Employment Department invites comment from interested parties on the proposed fees and charges under the Foundations (Guernsey) Law, 2012.
Please provide responses, preferably by email, by 30 November 2012 to:
or by hard copy to:
Foundations Fees Consultation, Guernsey Registry, PO Box 451, Fountain Street, St Peter Port, Guernsey, GY1 3GX.
Once the responses to this consultation have been collated and analysed, the appropriate regulations with regard to fees will be drafted to accompany the legislation once it comes into force.