Establishment of a charity and support fund
A charity foundation is a legally established non-profit organization created to provide support and assistance to both individuals and legal entities. Setting up a charity foundation allows you to contribute to various sectors of public life, including social care, public welfare, environmental protection, healthcare, religion, arts and culture, sports, and more. By establishing a charity foundation, you gain a structured and legally recognized way to carry out charitable activities, support community development, and promote social impact initiatives. Whether you’re looking to start a private charitable trust or a public foundation, the process ensures transparency, accountability, and the ability to receive donations and grants.
250,00 € without VAT
- 5โ6 business days
- The most important services are included in the price.
- A professional team of company specialists;
- Fast online consultation;
- Smooth and reliable service tailored to your needs.
Establishment of a charity and support fund
ORDER CHARITY FOUNDATION SERVICES FROM ANYWHERE IN THE WORLD! ESTABLISH YOUR ORGANIZATION WITHOUT DIRECT INVOLVEMENT
A charity foundation operates as a legal entity, created to offer support to both individuals and legal entities. Setting up a charity foundation provides a unique opportunity to contribute to various areas of public life, including social care, public welfare, environmental protection, healthcare, religion, arts, culture, sports, and more.
Itโs essential to understand that the creation of a charity foundation is not for personal profit. A charity foundation is designed to manage its assets exclusively for charitable purposes and public support. It serves as an excellent tool for providing financial aid and fostering socially beneficial initiatives.
Looking to open a charity or support foundation in the easiest, fastest, and most cost-effective way? The professional MyTax team is here to handle all aspects of company formation and management for you. We ensure a seamless and hassle-free process, helping you establish your charity foundation quickly and effectively. Contact us today and let us guide you through the process with minimal effort on your part.
Establishing a charitable foundation online
The establishment of a charity and support foundation can be done entirely remotely. From the comfort of your home, you can easily order our services, and we will assist you promptly, no matter where you are located. To ensure the smooth registration and setup of your charity foundation, there are a few key details youโll need to provide.
Before we begin, make sure you have the following information ready:
- The name of your charity foundation
- Its objectives and areas of activity
- The address where the foundation will be established
- The founders of the foundation
- The key statutes and guiding principles of the foundation
Once you have these details, simply provide them to us, and our team will handle the restโensuring a seamless and hassle-free process for you.
Advantages of establishing a support fund
The establishment of a support foundation offers numerous benefits, making it an attractive option for those looking to create a legally recognized entity focused on charitable activities. Some of the key advantages include:
- Limited Civil Liability: Shareholders of the charity foundation are only liable to the extent of the assets designated to the foundation, offering protection against personal financial risk.
- No Limit on the Number of Founders: A charity foundation can be established by both individuals and legal entities, allowing for greater flexibility in the foundation’s creation.
- Opportunity to Create Protected Capital: Foundations can create a protected capital, which is separate from the foundationโs general assets. These funds must be invested, and the profits generated are reinvested to support the foundationโs core mission of providing public assistance.
- Reorganization into a Public Institution: The foundation has the potential to be reorganized into a public institution, expanding its scope and operational possibilities.
Selling a charitable foundation to foreign citizens
We offer the convenient option to sell you company without requiring your physical presence. Simply make a pre-payment, cover the postal expenses, and we will take care of the rest for you.
As per Order No. VA-189 issued by the Head of the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania on December 15, 2004, any legal entity registering a new company is required to submit essential information within 5 business days of receiving the registration notification in the taxpayer register. This information must include the name of the individual or company responsible for maintaining the taxpayerโs accounting records.
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