The client, their challenge
Our client—a group of four professionals from the medical and educational industry—wanted to give back to society by establishing a foundation. Their vision was to support individuals unable to afford medical treatment by covering essential healthcare expenses.
While their intentions were clear, the group lacked experience in setting up and managing a foundation. They were unfamiliar with the legal, accounting and VAT considerations necessary for launching and operating such an organisation.
Our solution
IQ-EQ provided a comprehensive suite of services to ensure the seamless incorporation and operation of the foundation.
The process began with coordination between IQ-EQ and external lawyers and tax advisors to determine the most suitable structure and prepare the required documentation. Once the framework of the foundation had been agreed upon, we worked with the Swiss commercial register to complete its registration.
To secure tax-exempt status for the foundation, IQ-EQ facilitated further collaboration with external legal advisors, ensuring full compliance with all regulatory requirements. Following the incorporation, IQ-EQ provided ongoing support for the foundation’s day-to-day operations, including accounting, payroll management and VAT compliance, allowing the founders to focus on their charitable mission.
The results
Thanks to IQ-EQ’s tailored support, the foundation is now fully operational and running smoothly. The clients benefit from having a trusted single point of contact in Switzerland, enabling them to concentrate entirely on the foundation’s purpose of providing medical support. With IQ-EQ managing the administrative and regulatory aspects, the founders are free to dedicate their time and energy to making a meaningful difference in people’s lives.
