Why is it important to register a charitable foundation in Lviv?

Registration of a charitable foundation Lviv "turnkey" with OLSON is a unique experience in registering charitable and public organizations throughout Ukraine, which works for you.

Today, the old division of charitable organizations into local, All-Ukrainian and foreign no longer exists. They are divided into: charitable foundations, societies and institutions, without the possibility of further obtaining All-Ukrainian and international status, because such statuses are not provided for by the Law.

Do you want to attract financial resources to solve the most important problems that exist in our society? Then you need to know how to create a charitable foundation in Lviv. It is worth understanding that this process is quite laborious and complex, so it is better to entrust it to professionals.

Creating a СF is a complex process that includes a step-by-step algorithm for holding meetings for the constituent assembly, preparing the necessary documents and submitting them to the state registrar to include information about the foundation in the Unified State Register. You have two options to receive and provide charitable assistance through a Public Organization and a Charitable Organization, we will explain the difference between them in detail and also help you choose exactly the form that you need.

The main goal of establishing a charitable foundation is to fulfill two main tasks - collecting funds and other resources and implementing charitable initiatives in the areas defined by the foundation's charter. The process of registering a charitable foundation takes place in accordance with the Law "On Charitable Activities and Charitable Organizations", "On State Registration of Legal Entities, Individual Entrepreneurs and Public Formations" and other relevant regulatory legal acts.

REGISTRATION OF A CHARITABLE FOUNDATION IN LVIV, WHAT IS IT AND WHERE TO START?

A charitable foundation is a special type of charitable organization that can operate based on its charter, be managed by participants and function without the transfer of any monetary (or other) assets by these participants for its management.

Registration of a charitable organization can be carried out by one or more founders. Its assets are formed with the help of members of the organization, as well as other benefactors. Both individuals and legal entities can establish a foundation.

Before registration, you need to decide what type of organization you are going to open. The most popular in Ukraine is still a foundation, although some individuals decide to register other forms of organizations for charity. It all depends on your goal and objectives.

Stages of registration of a Charitable Foundation

1. Preparation of necessary documents and information.

In order to register a Foundation in Lviv, you need to decide:

• Who will be the founder or founders of the Foundation;
• Who will be the manager;
• Decide on the legal address (if necessary, we can provide it);
• Choose a unique name for the organization;
• Decide on the areas of work and the purpose of the foundation;
• Prepare contact information (phone, e-mail)

1.1. Preparation of documents

To register a charitable organization, the following documents must be prepared:

• Charter of the Charity Foundation;
• Decision or protocol on the establishment of the foundation;
• Registration application for registration of a legal entity;
• The registrar may also invite the ownership structure of the organization

2. Certification of documents to register a Charitable Foundation

The protocol or decision on the establishment is certified by the founders or the secretary and chairman, if such were elected. The charter of the foundation is certified by the founders.

There is no mandatory notarization, however, to facilitate the organization's activities and security, our company notarizes the charter of the foundation.

3. Entering information about the registration of a charitable foundation in Lviv into the Unified State Register

After preparing and certifying the documents, it is necessary to submit documents to the registrar to enter the charitable foundation into the Unified State Register. After which you will receive an Extract from the state registration.

4. Entering the Charitable Foundation into the register of non-profit organizations.

According to the Tax Code, charitable organizations that meet the requirements of the Code can be included in the register of non-profit organizations.

People often forget about this stage, but if you do not do this, your foundation turns into an ordinary company and loses all its advantages and the whole point of creation.

What are the requirements for the founders of a charitable foundation?

The founders of a charitable foundation can be both individuals and legal entities of private law. Individuals can be both citizens of Ukraine and non-residents and must be at least 18 years old. To create a foundation, one person is enough - an individual or a legal entity. There is no maximum number of founders of a charitable organization.

Can foreigners be the founders of a charitable foundation?

Regardless of whether a foreigner is an individual or a foreign company, in both cases they can be the founders of a Ukrainian non-profit organization.

What nuances arise in the case of establishing a Foundation by foreigners?

If the foreigner is an individual, he must have a Ukrainian tax number (TIN), if such a code is available

no, we can help with this.

If the founder is a foreign legal entity, you must have an extract from the register of this country, duly legalized, as well as an authorized person who has the right to act on behalf of a foreign company to sign documents.

What is the cost of registering a charitable foundation in Lviv?

The cost of registering a charitable organization in Lviv depends on several factors:

• Legal services. Preparation of documents and support in registration.
• Number of Founders. Depends on how many founders there are, as well as foreigners or citizens of Ukraine.
• Notary fees. Depends on whether we will certify the protocol of founders and the charter.
• Legal Address. Will you have an address for registration or will you need a legal address.
• Non-profitability. Will the organization be included in the register of non-profit organizations or will it be on the general system.

The minimum cost of legal services for registering a foundation in Lviv is from 5,000 UAH.

How long does it take to register a charitable foundation?

The duration of registration of a charitable foundation includes several stages:

• Preparation of documents. Takes 1-2 business days.
• Registration in the Unified State Register. Within 24 hours after submitting documents.
• Obtaining the status of a non-profit organization in the tax office. This stage takes from 3 to 10 business days.
• In general, the entire process can take from 5 to 10 business days.

What tax benefits does a charitable foundation have?

Registration of a non-profit organization in Lviv provides the following tax benefits:

• Exemption from income tax. Provided that the income is used exclusively for statutory activities.
• Exemption from VAT. For goods or services transferred in the form of charitable assistance.
• Local benefits. For example, exemption from payment for land, if it is used for charitable purposes.

Legal support for registering a charitable foundation in Lviv from Olson

Our company "Olson" perfectly understands the basic principles and features of the procedure for opening such a foundation, so you can get answers to any of your questions related to this process during a free consultation.

• We are professionals who have created more than a hundred charitable organizations not only in the Western region but throughout Ukraine. If necessary, we will create representative offices of foreign organizations in Ukraine or register relevant funds abroad.
• In our collection we have cases of working with celebrities, famous people and international organizations.
• We ourselves have a charitable foundation, so we can share our experience and the "pitfalls" that you may encounter on your way.
• In addition to legal aspects, we can close the issue of accounting for your organization, for this we have all the opportunities and tools
• We have studied not only the theoretical side of this procedure, but we know perfectly well how to carry out registration in practice.
• Employees of the law firm "Olson" guarantee the achievement of a positive result in the shortest possible time.
• Our company has many years of experience in the field of registration of various enterprises, companies and organizations, including charitable foundations.

Opening a charitable foundation in Ukraine can be carried out by citizens and independently. But if you do not want to spend your time studying the Legislation and the basic requirements for the procedure, contact the law firm "Olson" for help.