International not for profit association

The International not for profit association is an association whose legal personality is recognized by the King and which pursues a purpose of international utility.

The AISBL is an association with a legal personality recognised by the King and which pursues an aim of international utility.

Details

Legal Personality

Yes

Assets/Share Capital

Own assets- no share capital

Profit Distribution

None

Duration

Illimited except provided otherwise in the statutes

Incorporation Requirement

Deed

Notary deed

Seed Funding

Sufficient for projected purpose

Minimum number of shareholders

No shareholders- Minimum 2 members

Financial Plan

None

Securities

Types

None

Voting Rights

One vote per member

Decision Making

Board

The statutes define the minimum number of directors, as well as its functionning.

Details

Incorporation Requirement

Securities

Decision Making

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