Creating a charity fund in Ukraine is not only a manifestation of social responsibility, but also a process that requires a detailed understanding of legal procedures. If you want to register a charity yourself, you should have a step-by-step guide on what to do in order to legalize your charity. This is exactly what we will tell you about today.

First of all, it is important to define what a charitable foundation is, because the legislation of Ukraine defines several forms of charitable organizations, and each of them requires compliance with certain rules and procedures.

A charitable organization is recognized as a charitable foundation, which operates on the basis of the charter, has participants and is managed by participants who are not obliged to transfer any assets to this organization in order to achieve the goals of charitable activity. A charity fund can be created by one or several founders. Charitable fund assets can be formed by participants and/or other benefactors.

Registration of charitable funds is regulated by the Law of Ukraine "On State Registration of Legal Entities, Individuals - Entrepreneurs and Public Organizations", and the activity itself is regulated by the Law of Ukraine "On Charitable Activities and Charitable Organizations"

So, in order to register a charity fund, you need to perform the following steps:

1. Choose Fund Names: Start by choosing a unique name for your fund. It is important to make sure that the chosen name does not coincide with the names of other registered organizations. This can be done using the official registry or on Internet platforms.

2. Prepare the founding documents: The most important step is the preparation of the founding documents: the foundation's charter and the founders' minutes of creation. The statute must contain information about the name of the fund, the goals and areas of charitable activity, the governing bodies of the charitable organization, their composition, competence, the procedure for their activities and decision-making, the procedure for appointing, electing or approving members of the governing bodies of the charitable organization, their replacement, termination of their powers, termination of their powers (revocation), the procedure for making changes to the founding documents, sources of assets (income), the procedure for control and reporting, the grounds and procedure for terminating a charitable organization.

The charter of a charitable foundation must also contain the conditions and procedure for accepting members of a charitable society or a charitable foundation, the rights and obligations of participants, as well as the conditions and procedure for their exclusion from the membership of a charitable society or a charitable foundation. These documents must be drawn up in accordance with Ukrainian legislation, and the statute should preferably be notarized.

3. Submission of documents for state registration: After drawing up the founding documents, you must submit them to the state registrar, Administrative Services Center or notary public to register your foundation. Registration may require additional documents or information, as well as submission of registration forms.

4. State registration of a charitable fund: After verification of the appropriateness of documents and a decision on the registration of a charitable fund, it will be entered into the Unified State Register of Legal Entities, Individual Entrepreneurs, and Public Organizations and assigned an appropriate code. You will also be given a description and an extract - the main documents in your future activity.

5. Obtaining non-profit status: A non-profit organization is a legal entity, the purpose of which is not to generate profit for its subsequent distribution among the members of this organization. To obtain the status of a non-profit organization, registered institutions and organizations (newly created) must submit a registration application in form 1-RN to the state to the registrar at the time of their state registration or to the controlling body (Tax) at the main place of registration within 10 calendar days from the day of their state registration. This will entitle the charitable organization to exemption from paying income tax, when receiving funds from both residents and non-residents.

After the official registration of the fund, it is important to maintain transparency in its activities, including regular financial reporting and compliance with tax legislation. A registered fund must have a bank account for carrying out monetary transactions.

Since the registration process can be complex and require specific knowledge, we still recommend that you seek advice from a qualified lawyer. This will help to avoid mistakes and ensure that your fund complies with all legal requirements. Our law firm has registered hundreds of charitable foundations, so we will be happy to help you in this process.

Creating a charity fund in Ukraine is a significant contribution to the development of society. By following these steps and seeking professional help, you will be able to effectively implement your charitable initiatives.