Noetiva Foundation

Noetiva Foundation

A Nevis Multiform Foundation holding and administering subscribed assets across generations.

Open correspondence
Nevis, Saint Kitts and NevisMultiform Foundations Ordinance, 2004
Stone facade of an institutional building, a strict grid of windows

The Foundation

Noetiva Foundation is a Multiform Foundation established on the island of Nevis, in the Federation of Saint Kitts and Nevis, under the Nevis Multiform Foundations Ordinance, 2004.

Its subscribers are a limited circle, and it accepts assets from no one else. It offers no products, does not solicit subscriptions from the public, and does not act for third parties.

Jurisdiction
Nevis, Federation of Saint Kitts and Nevis
Constituted under
Nevis Multiform Foundations Ordinance, 2004
Registration
F 461

What a multiform foundation is

A multiform foundation is an incorporated legal entity introduced by the Nevis Multiform Foundations Ordinance, 2004. It holds assets in its own name, separate from the estate of any founder, subscriber or beneficiary, and it continues regardless of changes among them.

The Ordinance's defining feature is stated form. A foundation declares whether it functions as a trust, a company, a partnership or an ordinary foundation, and may restate that form as circumstances require, without interrupting its legal personality or its ownership of assets.

Noetiva Foundation applies this instrument to long-term stewardship. Subscribers transfer assets under a subscription agreement; the management board administers them under the Foundation's constitution; beneficiaries receive what the constitution provides, when it provides it.

Structural advantages

  • ContinuityThe Foundation's legal personality does not depend on any individual. Assets remain held and administered without interruption, across generations.
  • ConsolidationSecurities, shareholdings, intellectual property and real estate are held within one governed structure, under one constitution and one board.
  • Defined governanceA constitution, a management board and a secretary give every decision a defined author and a documented basis.
  • Stated formUnder the Ordinance, the Foundation may adopt the operating characteristics of a trust, a company or a partnership, and restate them as needs change.

Investment policy

Subscribed assets are invested under a written policy, with preservation ahead of growth.

Preservation firstLiquidity reserves, diversification limits and counterparty standards are fixed by policy before any allocation to growth.
Long-horizon growthCapital is deployed into listed securities, income-producing real assets and selected private holdings, sized to the Foundation's obligations.
External mandatesWhere specialist expertise is required, mandates are delegated to regulated investment managers.
Regulated custodyFinancial assets are held with regulated custodian institutions, separate from operating accounts.
Board oversightHoldings and performance are reviewed against the policy on a defined cycle, with decisions minuted.
ReportingSubscribers receive reporting as the subscription agreement provides.

The management board adopts and maintains an investment policy for the Foundation. It sets the objectives, the permitted allocations and the limits within which capital is deployed. The Foundation does not offer investment products and does not solicit investment from the public. It manages no assets but its own.

Standards

Subscribers, beneficiaries and officers alike, without exception.

Saint Kitts and Nevis has adopted, as a guideline, the Fit and Proper Person test applied by the United Kingdom's financial conduct regulator. The test establishes a person's honesty, integrity and reputation.

Every subscriber, beneficiary and officer of the Foundation is assessed against this standard.

FCA Handbook, FIT 2.1 — Honesty, integrity and reputation

Anti-money laundering and client due diligence

The Fit and Proper Person test establishes who a person is. Client due diligence establishes where the assets came from. The Foundation applies both.

Identity verificationEvery subscriber, beneficiary and officer is identified from independent documentary evidence before any relationship is established.
Beneficial ownershipWhere a subscriber is a legal entity, the natural persons who ultimately own or control it are identified to the same standard.
Source of funds and wealthSubscribed assets are accepted only against evidence of their origin and of how the subscriber's wealth was accumulated.
Sanctions and PEP screeningNames are screened against applicable sanctions lists and for politically exposed status, at onboarding and on an ongoing basis.
Fit and Proper assessmentHonesty, integrity and reputation are assessed against the Fit and Proper Person standard, adopted as a guideline in Saint Kitts and Nevis.
Ongoing monitoringRelationships are kept under review, and records of identification, assessment and decisions are retained for the period the law requires.

A subscription is declined where evidence is insufficient or where the assessment is not satisfied. A close connection to the Foundation relaxes neither requirement. The Foundation is not obliged to state its reasons. Suspicious activity is reported to the competent authority in accordance with the applicable law of Saint Kitts and Nevis.

Correspondence

Institutional enquiries are received in writing.

Personal data submitted here is processed as described in the Privacy Notice.

Registered office
A.L. Evelyn Ltd Building, Suite 1 P.O. Box 258, Main Street Charlestown, Nevis