With the onset of a full-scale invasion into Ukraine, society has grown in its need to establish charitable foundations. Registering a charitable foundation in Ukraine has become a crucial step for organizations intending to officially engage in charitable activities.
A properly organized and registered charitable foundation ensures not only the legitimacy of the organization’s activities but also contributes to attracting the attention of donors and partners.
In this complex process, legal support plays a significant role, and qualified lawyers from the Ukrainian Advocates and Realtors Union “AROU,” specializing in providing legal support to charitable organizations in Ukraine, offer their assistance.
The registration of a charitable foundation involves the following stages:
- Choosing the foundation’s name;
- Preparation of the founding document;
- State registration of the foundation;
- Obtaining non-profit status;
- Opening a bank account.
In the operation of charitable foundations in Ukraine, one of the most important aspects is the ability to allocate a portion of received funds to cover operational expenses. According to current legislation, charitable organizations have the right to use up to 20% of their income for administrative and other operational needs.
This includes expenses for renting premises, staff salaries, utilities, purchasing necessary office equipment, and other costs that ensure the normal functioning of the foundation.
Detailed budget planning for a charitable foundation is necessary to comply with legislative requirements and ensure transparency in financial reporting.
Our company offers consultations on cost optimization and efficient resource utilization, allowing charitable organizations to maximize their impact on target initiatives.
Thanks to professional legal support, charitable foundations can confidently navigate the financial and legislative aspects of their operations, focusing on implementing their charitable missions.
Collaboration with qualified lawyers ensures the security and efficiency of the charitable foundation registration process. The Ukrainian Lawyers and Realtors Association “AROU” offers:
- Deep understanding of Ukrainian legislation and its specifics in the charitable sector, enabling us to effectively address legal aspects.
- Assistance in preparing all necessary documents, ensuring full compliance with legislative requirements.
- Support at all stages of registration, including interaction with government bodies and submission of necessary applications.
- Consultation on tax planning and operation of non-profit organizations, helping to ensure financial stability and optimize tax payments.
- Legal and accounting support, ensuring reliable documentation management and compliance with reporting requirements of the legislation.
