A US oil exploration company decided to create a Swiss charitable foundation to distribute grants to educational and health care organisations funded by revenues generated from oil finds. Dryden staff assisted with the preparation of the statutes for the foundation and its registration with the Geneva Commercial Register. As there were no staff active at the time of stat up, Dryden staff acted as local resident managers (in Switzerland it is a requirement to have a Swiss resident representative) and the foundation was initially domiciled at the Dryden offices. As the foundation was established for charitable purposes, Dryden tax specialists prepared registered the foundation and then made an application for charitable status with the Geneva tax authorities which was granted rapidly.