A globally recognised alternative to trusts could open up a new market for the Isle of Man, now Royal Assent has been given to the Foundations Act.
Foundations are another means of holding financial assets, and are better known than trusts in many countries.
Managing director of PKF in the Isle of Man Phillip Dearden says it's 'a good idea', and he is stressing the two vehicles will operate side by side:
RTLC defends taxi tariff changes
Prices have gone up and a higher overnight rate is now implemented from 11pm
King Gaming's license suspended amidst criminal investigation
Gambling Supervision Commission publishes statement
Ministers to meet with LVA to discuss hospitality concerns
Comes after concerns raised about the issues facing the industry
Looneys of Ramsey to close
Number of factors behind the decision
Trade is good, but it's still a struggle to make a profit, says local business
Comes after calls for gov't to do more to help hospitality sector
Villiers Square development plans approved
Two buildings proposed for the site
