Foundations have a special legal character, apart from that of associations or societies. The foundation may be established by of one or more persons and constitutes their affected assets, achieving a goal of general or, where appropriate, community interest.
For the establishment of a foundation it is necessary for the initial assets to include cash or nature goods whose total value is equivalent to 100 times the minimum gross wage per economy.
Having a professional team with experience in setting up companies, Ltds., commercial companies, foundations and associations, the NARTEA & PARTNERS lawyers advises and assists during registration of the foundation, in order for you to benefit from our team’s promptitude and to save the time normally required to set up a foundation.