Guide on changing beneficial owners of a foundation

Starting an organization in the country is easy. It simply must be registered with the Commercial Register via the submission of an application form. An existing organization can decide to reorganize or make changes to itself. As per the law, this change must be reflected in the register, thus an application should be filed no […]

Everything you need to know about foundations

A foundation is a type of nonprofit corporation or trust, which provides funds and support to other charitable organizations through grants. There are two forms such as public charity foundations and private foundations. They can also refer to organizations, institutions, or individuals not involved in public grant-making. The revenue of a private foundation comes from […]