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.

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