Ugland House

Robert Maguire Ugland (1872-1957) was a British brewer and industrialist who founded the Tortuga factory in the British West Indies and who, having made his fortune exporting rum cakes, devoted the autumn years of his life to corporate philanthropy.

File:Ugland House

The building which stands today in memory of Robert Maguire Ugland

He set up his first shelter — a safe house for lost and wayward corporate fictions, in Bermuda in 1923, and later in 1941 established a colossal facility for unwanted limited liability corporations, general partnerships, Delaware subsidiaries, corporeal trust entities and fiduciaries in the then uninhabited Cayman Islands.

“Give me your poor, huddled, lost little special purpose vehicles of the world. Give them to me. I will feed them. I will shelter them, just as they will shelter you, and your taxable income.”

Ugland’s legacy today is the grand, five story Spanish frontage to UGland House which, to this day, houses tens of thousands of orphan companies.