Registration of a charitable fund

With the beginning of the full-scale invasion of Ukraine, the demand for the creation of charitable funds grew massively in society. Registration of a charitable foundation in Ukraine is an important step for organizations that wish to officially engage in charitable activities.

A properly created and registered charitable foundation not only ensures the legitimacy of the organization’s activities but also promotes the attraction of donors and partners.

Legal support plays an important role in this process, and this is where “Prikhodko and Partners” company, which specializes in legal support of charitable organizations in Ukraine, comes to the rescue.

Stages of registration of a charitable fund in Ukraine

• Choosing a fund name. The first step is to choose a unique name for your charitable foundation, which must meet the requirements of Ukrainian legislation.
• Preparation of constituent documents. The foundation’s charter and founders’ protocol are key documents that define the structure, goals, and principles of your organization. “Prykhodko and Partners” will help develop these documents taking into account all legal nuances and requirements.
• State registration. After preparing the founding documents, it is necessary to submit them to the relevant state body – TsNAP or the state registrar – notary public. “Prikhodko and Partners” lawyers will provide support at every stage of submitting documents, which will greatly simplify the process. The state registrar forwards the information independently to the tax service.
• Obtaining non-profit status. To be exempt from taxes, a charitable foundation must obtain the status of a non-profit organization at the State Tax Service. “Prikhodko and Partners” specialists will help you go through this procedure without unnecessary complications.
• Opening a bank account. To carry out financial transactions, a charitable foundation needs to open a bank account.

One of the key aspects of the functioning of charitable funds in Ukraine is the possibility of using part of the received funds to cover their operating expenses. According to current legislation, a charitable foundation has the right to spend up to 20% of its profits on administrative and other operating expenses.

This includes costs for office rent, employee salaries, utilities, purchase of office equipment, and other needs necessary to support the fund’s activities.

I draw your attention to the need for careful planning of the charity fund’s budget, including operating expenses, to comply with legal requirements and ensure transparency of financial reporting.

Our company advises on cost optimization and efficient use of resources, enabling charities to maximize their impact on targeted initiatives.

Thanks to professional legal support, charitable foundations can confidently navigate the financial and legislative aspects of their activities, focusing on the implementation of their charitable missions.

Advantages of cooperation with us

Cooperation with professional lawyers ensures the safety and efficiency of the charity fund registration process. The company “Prikhodko and Partners” offers:

• Deep understanding of Ukrainian legislation and its specifics in the field of charity.
• Assistance in the preparation of all necessary documents.
• Support at all stages of registration.
• Consulting on issues of tax planning and management of non-profit organizations.
• Legal and accounting support.

By contacting the law firm “Prikhodko and Partners”, you will receive not only professional support in the legalization of your charity fund but also valuable advice on its further development and activities.

Your charitable mission deserves to be implemented with maximum efficiency and responsibility, and “Prikhodko and Partners” will help you with this.