A Foundation suits your business if you have a specific goal (often charity) and aim to realize that goal by using capital allocated to such purpose. The Foundation does not have any members or shareholders and is therefore operated solely by the Board of Directors. The Foundation is not allowed to make distributions to the founders or member of its corporate bodies. It may only make contributions to other persons if such distributions are of an appropriate or social nature.

You can find more on the characteristics of a Foundation here. If you want to know whether a Foundation best suits your business, or if you want to set up a Foundation in the Netherlands, please contact us.