Public funds are established for the realization of different projects and humanitarian programs in the field of science, culture, education, integration, sports and etc. Members of public funds can be citizens of foreign countries. Public funds can participate in the economic projects.
Funds, unions and public associations can get profit from their activity and they also have a possibility to provide their services free of charge. In case if this profit is spent on the humanitarian activities or on the development of the fund but not on the commercial activity then considerable tax remissions are possible.
The fund or the union is established mainly on the basis of general solution of the assembly that represents the main authority. The assembly selects the authority. As a rule a chairman and in some case a board of directors takes this place.
It’s necessary at least 7 members (physical persons) for establishing the fund, but it’s possible any number of people without limitation including foreign citizens living out of Germany and EU.
Founders of the fund can be juridical persons or public organizations if it’s registered in the regulation.
To establish this kind of association costs 3900 Euro.
We can also offer you a ready made fund. The cost of it is 7900 Euro.