Having legal personality, a Foundation may be set up for several purposes, including, to control or establish other organisations of any legal form. A Foundation may not be established to trade or carry on commercial activities. However, a Foundation may be endowed with shares of companies, commercial property or a shareholding in a profit-making enterprise, a franchise, a trademark or other asset which gives rise to income. Furthermore, subject to required authorisations, a Foundation may be used as a collective investment vehicle and issue units to investors therein for the passive holding of a common pool
of assets, the management of which is delegated to a third party, including a pension or employee benefit arrangements.
A Foundation may also establish segregated cells within itself in order to achieve different purposes, with the added advantage of having the assets and liabilities of every cell deemed as distinct from all other assets and liabilities of the Foundation or other cells which may be established under the same Foundation.