Hi Tom,
We are going to have to write the foundation articles, no matter which
country we end up choosing.
So far, I make the list of serious candidates to be:
- Germany
- Belgium
- The Netherlands
- Italy
- Croatia
Did I miss any ?
Well maybe we should put it to a vote, but I think voters should be
prepared to be inaugural members.
Tom Verhoeff wrote:
In the Netherlands, creating a not-for-profit Foundation (as a legel
entitity, with a board that is not personally liable, and which can
have possessions) will cost roughly EUR 500. I did this 2 years ago.
The main thing to do is decide on Statutes, that express the purpose
of the Foundation and restrictions on how it is run (and how it can
be dissolved). The Statutes also define the name and location (city
where it is registered). I would think that the Statutes must be
writtin in Dutch, but don't know for sure.
Such a Foundation must have a Board (details to be described in its
Statutes), including a Chair and Treasurer (typically also a Secretary),
and possibly other board members (but one cannot be a member of the
Foundation itself; in contrast to a "club" (in German: Verein). It is
required by law to keep a decent administration, in particular a financial
administration.
The founders and initial board members (minimum two persons, I think)
must appear in person before a notary.
The Foundation can then open bank accounts and participate in contracts,
etc.
Best regards,
Tom
Regards
David
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