Formation of a nonprofit association
- All founding documents
- Government fee
- Registration in Estonian Commercial Registry
- Nonprofit association formation with ID-Card/e-Resident card/Mobile-ID – 90 EUR
Formation of a nonprofit association (7)
Registration through a notary or with a power of attorney comes at different prices.
- Nonprofit association formation via Public Notary – 190 EUR
- Nonprofit association formation by a Power of Attorney – 390 EUR
Additional costs can be added if there is more than two establisher.
Can also be used in business, but there are differences compared to a regular company.
Requires at least 2 board members. Will go through automatic liquidation if less. Money can only be used towards the goal set in its charter. By definition, they can’t make a profit, that means you can’t take out the profit as dividends, a non-profit can only pay a salary to its employees.
But the advantages are the following, no equity.
There is no equity to claim against 🙂 if the members of the board have not shown a significant degree of negligence in the management of the non-profit organization.