Overview: Foundation (Stichting) is a legal entity that is mainly used for social, cultural, non-profit, or charitable purposes, hence a foundation is not considered as a taxpayer. However, a foundation may be used for business (commercial) purposes as well as holding assets in other legal entities.
Purpose: Registration of a Stichting
Main specifications:
- a legal entity
- usually non-commercial activity/aim (charitable, non-governmental organization)
- no members
- liability lies on the board of directors (e.g. for mismanagement)
- can be used as STAK (Stichting Administratiekantoor)
Registering authority: the Dutch Trade Register (subject to a deed executed by a Dutch notary)
Term of registration: 2-3 working days
Personal presence: Optional
Conditions for registration:
- Director – Minimum 1 (maximum – unlimited) natural/legal person of any nationality/jurisdiction
- Registered office address in the Netherlands
Required documents:
- Passport or European ID card (for all associated persons)
- Proof of residential address not older than 3 months (for all associated natural persons)
- Extract from the Trade Register not older than 3 months (for all associated legal persons)
- Document, authorizing to use the registered office address (Copy of the Rental Agreement, Authorization Letter from the Owner, Certificate on Property)
- Power of attorney (in case of remote registration)
- Signed copy of the Deed of Incorporation