Foundation administration office

Sometimes it is desirable for someone to acquire the economic interest in a particular asset, such as shares, but not control. For example, when children acquire an interest in the company. But also when minor children need to be entitled to real estate as part of estate planning. This can be achieved by certifying the assets, such as shares.

The assets are then transferred to, generally, a foundation set up for this purpose. This foundation (stichting administratiekantoor or StAk) then issues certificates in exchange for the assets, which certificates represent the economic interest in the assets.

Depending on the contents of the StAk's articles of association, the depositary receipt holders sometimes have certain rights within the trust office. For example, appointment rights of directors or certain approval rights.

The nice thing about a foundation is that the law offers a lot of room to flesh out the board, the appointment of directors and their powers. This ensures that it is possible for the founder to have certainty about who controls the certified assets even after he steps down as director.

For more information about a foundation trust office or certification, please contact us. We will be happy to help you.