Poland Family Foundation the answer to your concerns.
You don't know, How to protect your heirs?
Do you want to take advantage? from preferential taxation?
Do you want to secure funds? for the maintenance, treatment or education of your loved ones?
Do you want to protect your property? family from fragmentation and inheritance law regulations that do not meet your expectations?
Secure your wealth for generations.
Poland Family Foundation the answer to your concerns.
You don't know, How to protect your heirs?
Do you want to take advantage? from preferential taxation?
Do you want to secure funds? for the maintenance, treatment or education of your loved ones?
Do you want to protect your property? family from fragmentation and inheritance law regulations that do not meet your expectations?
Benefits of Establishing Family Foundation
- Protection of assets against fragmentation and unfulfilling provisions of inheritance law (e.g. compulsory portion).
- Freedom in shaping the principles of operation of the Family Foundation.
- Protection of family assets in the event of insolvency of the Founder and beneficiaries of the Family Foundation.
- Securing the well-being of the Founder's family in accordance with his will, by contributing assets to the Family Foundation and implementing a family succession scheme.
- Exemption from payment of personal income tax, all or part of the benefits paid to beneficiaries of the Family Foundation.
- Favorable tax regulations – the core business activity of Family Foundations is exempt from CIT income tax.
- Effective management of the foundation’s assets by bodies appointed for this purpose.
How can we Help you?
We will assess the purpose and needs of the Founder and Beneficiaries;
We will help define the goals of establishing and developing the Family Foundation;
We will prepare a Foundation Statute tailored to your needs;
We will guide you through the Family Foundation registration process;
We will point out the tax benefits of running a Family Foundation;
We will advise on the creation of a protocol for the protection of assets contributed to the Family Foundation;
We will assist in managing the assets in accordance with the Founder's will;
We will help develop the Family Foundation and increase family well-being.
About Us
PMR Restructurings SA is an entity that deals with solving problems of both private individuals and entrepreneurs. We help implement changes, adapting activities to market expectations, which allows avoiding a crisis.
We are also a leader in the restructuring industry. The experienced team of PMR Restrukturyzacje advisors is now at your Family's disposal. PMR Restrukturyzacje SA is an entity that supports its Clients in the intertwining fields of finance, business law, tax law, economics and investor relations. Our team also includes licensed restructuring advisors. At PMR Restrukturyzacje SA, we specialize in creating and managing Family Foundations that protect and multiply assets for generations. Our goal is to provide comprehensive solutions tailored to your individual needs and family values.
Every Family is Unique, that’s why we will help you create a Family Foundation from scratch, adapting its structure to your unique needs while ensuring maximum protection and stability.
We will help you create Family Foundation
from scratch, adapting its structure to your unique needs
Family Foundation - What does it give to founders?
The Foundation is to ensure that family businesses remain in the hands of families (or other persons specified by the Founders) without fear of their fragmentation or a drastic change in the adopted policy and business goals.
Who's Who at the Family Foundation
Founder – The Founder is the person who establishes the Family Foundation. This can only be a natural person who has full legal capacity. If the Family Foundation has more than one Founder, they exercise their rights and obligations jointly, unless the statute provides otherwise. Importantly, the rights and obligations of the Founder are inalienable, however, he may entrust the exercise of his rights to another person in the statute, at the same time defining its scope.
Beneficiary, i.e. a person benefiting from the establishment and operation of the Foundation by receiving benefits – or property in the event of dissolution of the Foundation, may be a natural person, e.g. the Founder together with members of his/her family who have been entered on the List of Beneficiaries of the Foundation.
Want to know more?
The Family Foundation Act entered into force on May 22, 2023. The Family Foundation is an institution that enables entrepreneurs running family businesses to function and develop in a multi-generational perspective. According to the statutory definition, the Family Foundation was established to accumulate property, as well as to manage it in the interests of the so-called Beneficiaries and to provide benefits to them.
What is Poland Family Foundation?
The Family Foundation is an institution that enables individuals and entrepreneurs running family businesses to function and develop in a multi-generational perspective. According to the statutory definition, the Family Foundation was established to collect property, as well as manage it in the interest of the so-called beneficiaries (persons close to the Founder) and to provide benefits to them. The family foundation is therefore a way of succession, which the Founder carries out only once in many generations. It is the Founder who decides on the goals, principles of operation of the Family Foundation and ensuring the safe existence of their loved ones.
What is Poland Family Foundation?
The Family Foundation is an institution that enables individuals and entrepreneurs running family businesses to function and develop in a multi-generational perspective. According to the statutory definition, the Family Foundation was established to collect property, as well as manage it in the interest of the so-called beneficiaries (persons close to the Founder) and to provide benefits to them. The family foundation is therefore a way of succession, which the Founder carries out only once in many generations. It is the Founder who decides on the goals, principles of operation of the Family Foundation and ensuring the safe existence of their loved ones.
- The process of establishing a Family Foundation:
Family Foundation is an innovative succession solution
Submission by the Founder of a declaration of establishment of a Family Foundation in the articles of association or in the will (notarial deed)
Preparation of the statute (notarial deed)
Preparation of an inventory of property
Establishing the bodies of the Family Foundation and contributing the founding fund
Entry into the register of Family Foundations kept by the District Court in Piotrków Trybunalski (special procedure);
Obtaining a Tax Identification Number (NIP) and National Business Registry Number (REGON), a bank account number, and registering a Family Foundation with the CRBR.
Important questions
Family Foundation - information
The Polish Family Foundation is a solution that will allow you to secure succession and adapt it to the needs of the entrepreneur. Our experts will advise whether establishing a Family Foundation will be a solution adapted to your needs.
The Family Foundation is a separate legal entity, which means that its assets are separate from the assets of the Founder. Therefore, the Founder has the option to withdraw from active business while still ensuring income.
Family Foundation - What is It?
Foundation Statute is a key document that defines the principles of operation of the foundation, including the management of assets, designation of beneficiaries and rules of succession.
Foundation Board is responsible for its day-to-day management, while the foundation's supervisory board (if established) performs a supervisory function. These bodies may include both family members and external experts, which ensures professional management of assets.
Family Foundations offer a number of benefits tax, including the possibility of tax optimization when transferring assets between generations. A properly planned foundation structure can minimize tax burdens related to inheritance, donations or the sale of assets.
The Family Foundation allows flexible asset management, which can significantly reduce tax burdens. Transferring assets to a Family Foundation is usually not taxed, and further transfers of funds to beneficiaries can be made on more favorable tax terms.
Organs
Family Foundation:
Management
manages the affairs of the family foundation and represents it externally:
- implements the objectives of the Family Foundation as specified in the statute;
- meets the benefits due to beneficiaries;Â
- performs other tasks specified in the act or the statute;Â
- Only natural persons with full legal capacity may be its members.
Supervisory Board
mandatory body if the number of beneficiaries exceeds 25 persons:
- performs supervisory functions in relation to the management board;
- performs other tasks specified in the act or the statute;Â
- Only natural persons with full legal capacity may be its members.
Beneficiaries' Meeting
- reviews and approves the financial statements of the family foundation for the previous financial year;Â
- grants discharge to members of other bodies;
- performs other tasks specified in the act or the statute.
- Additional information: The Family Foundation is managed by a specially selected Management Board. Additionally, the Family Foundation may also be subject to separate supervision by the Supervisory Board. The Beneficiaries' Assembly also operates at the family foundation. The Founder may specify in the statute which people and with what qualifications and skills will sit on the Foundation's bodies. Such a diversified structure of the family foundation allows for effective management of the Foundation, while maintaining the agency and influence on its shape by the Founder and persons designated by him. The Founder may sit on the Management Board and the Beneficiaries' Assembly at the same time.
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