International Foundations

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International Foundations Team @ Verwal

Belgium is the host of numerous European and International not-for-profit associations active in a wide variety of sectors. More than 90 % of them are based in Brussels. The activities they carry out in Belgium have often an impact not only in Europe, but world-wide.

Our International Foundations team assists clients in the not-for-profit sector throughout different stages of their projects. We structure and incorporate associations, using for example the possibility to set-up in Belgium an International Foundation (Association Internationale Sans But Lucratif / Internationale Vereniging Zonder Winstoogmerk).

Our team chose to offer to its foreign clients a bundled services approach, covering tax, accountancy and payroll management. This has been made possible thanks to our close collaboration with Pascal Dechamps, certified accountant and tax consultant, who is a renowned author in the taxation of the not-for-profit sector.

This collaboration enables our team, among others, to propose the most appropriate type of legal entity and governance structure, set-up valid and appropriate VAT analysis, organize the human resources assigned to their project (employment authorization, VISA, work permit, salary splits, etc.), file the application for EU grants, manage the governance and contractual matters, establish your activity in Belgium by renting or acquiring real estate and prepare financial statements.

Daria Likhatcheva regularily acts as project manager in these matters.