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How long does it take to set up a foundation?
A foundation can be set up within a few days. However, it is worth allowing sufficient lead time to examine all the options and, depending on the circumstances, different locations for the foundation, and to consider the family aspects. It is also important to define how the foundation should be structured and for what purpose. Compliance with statutory regulations, such as due diligence obligations designed to combat money laundering, also requires a certain amount of time before the foundation can actually be established.