Isle of Man foundations were introduced into the law in 2012 and to date only one foundation has ever been registered (by the firm which lobbied for the introduction law change). As a vehicle Isle of Man foundations are not without interest however given their untested nature, uncertain costs and timescales we recommend using one of the established service providers until this industry takes off. All information available from local providers websites is a reinterpretation of the government notice which can be read in original here and quotations for their formation and operation are largely speculative. For established providers Luxembourg should be considered (if the foundation is likely to have a philanthropic purpose) or a Malta private foundation (if not).