Setting up a Foundation
Posted: Wed Feb 19, 2025 9:59 am
A public deed or a will can only constitute a foundation, if a ‘general act’ takes place to establish a foundation, it must be published by a public notary and subsequently registered in the Public Registry.
The minimum endowment of money or property to set up a foundation is €1,165 for a latvia mobile database private foundation, or €233 for a public foundation established exclusively for a social purpose or as non-profit making, and must contain the following information:
The name of the foundation, which name must include in it the word ‘foundation’;
The registered address in Malta;
The purposes or Objects of the foundation;
The constitutive assets with which the foundation is formed;
The composition of the board of administrators, and if not yet appointed, the method of their appointment;
A local representative of the foundation is necessary, if the foundation administrators are non-Maltese residents;
Designated legal representation;
The term (length of time), for which the foundation is established.
A foundation is valid for a maximum term of one hundred (100) years from its establishment. Except when foundations are used as collective investment vehicles or in securitisation transactions.
The minimum endowment of money or property to set up a foundation is €1,165 for a latvia mobile database private foundation, or €233 for a public foundation established exclusively for a social purpose or as non-profit making, and must contain the following information:
The name of the foundation, which name must include in it the word ‘foundation’;
The registered address in Malta;
The purposes or Objects of the foundation;
The constitutive assets with which the foundation is formed;
The composition of the board of administrators, and if not yet appointed, the method of their appointment;
A local representative of the foundation is necessary, if the foundation administrators are non-Maltese residents;
Designated legal representation;
The term (length of time), for which the foundation is established.
A foundation is valid for a maximum term of one hundred (100) years from its establishment. Except when foundations are used as collective investment vehicles or in securitisation transactions.