Benefits of the Austrian Private Foundation

Benefits of the Austrian Private Foundation

The Austrian Private Foundation (PF) is a viable option to protect and preserve assets over generations, as well as to prevent the distribution of assets in the event of succession. Establishing an Austrian PF enables the founder to align his/her assets with the founder’s wishes but separating the assets from the founder’s future fate. The main objective of an Austrian PF is to maintain the founder’s assets in the long-term (even after his/her death) in a professional way, to benefit certain persons or organisations in accordance with the founder’s wishes and to protect the assets (which may also include shareholdings and other interests in companies) from being divided up.