Why do most of our clients choose Corporate foundation in the UAE?
1.To help other people.
2.Leaving a Legacy
3.Being responsible to society
4.Tax Benefits
5.Having control and flexibility
6.Getting things to change
7.Collaborating and networking
What is Corporate Foundation In The UAE?
A Corporate Foundation is usually set up by a Founder who gives a certain amount of their money to charitable or non-charitable purpose.
Major Steps To Structuring a Corporate Foundation In The UAE
Clarify the Objectives and Purpose
Make the foundation’s mission, goals, and objectives very clear.
The Choose a Name
Name follows the naming regulations of the UAE and is not already registered by another entity.
Decide on founders
Find the people or companies that will take the lead in starting the foundation.
Draft up the Foundation Charter
The purpose, governance structure, management processes, and other important details of the foundation should all be stated in this document.
Draft the By-laws
This document explains the Council’s different roles and responsibilities and makes it clear what the Founder expected.
Choose Board Members or the council
These people should be dedicated and knowledgeable enough to oversee the foundation’s decisions and make sure they are in line with its objectives.
Register the Foundation in the UAE
Depending on the emirate where the foundation is based, the licensing process may be different.