Foundation Companies in Malaysia

A foundation company in Malaysia is a company that is established for the purpose of holding assets in a trust for the benefit of another person or entity. The company is usually established by the settlor, who is the person who transfers the assets to the company. The settlor may be an individual, a group of individuals, or a corporation.

The foundation company is governed by a board of directors, which is responsible for administering the trust. The board may appoint a trustee to manage the trust. The trustee has a fiduciary duty to the beneficiaries of the trust.

The foundation company is a separate legal entity from the settlor and the beneficiaries. The foundation company has its own assets and liabilities. The foundation company is not liable for the debts of the settlor or the beneficiaries.

The foundation company is subject to Malaysian laws and regulations. The foundation company must file annual reports with the Registrar of Companies.

The foundation company is a popular vehicle for holding assets in Malaysia. The foundation company provides asset protection and privacy for the settlor and the beneficiaries. The foundation company is a flexible tool that can be used for a variety of purposes.