Legal Foundation: Recognition Unfortunately this specification of service has not yet been completely translated.

In a so-called foundation business, the founder determines the name, registered office and organs of the Foundation and undertakes to provide it with a foundation's assets (usually cash, securities or real estate) from which the foundation's proceeds are used to is financed. A foundation statute also prescribed by the founder regulates the internal organization. It is possible to make it under the living or even in a will.

The Foundation acquires its legal capacity through state recognition.

For foundations that are to be based in Lower Saxony, the foundation business and the statutes must be submitted to the foundation authority. It is recommended that you contact the Authority before the final application is made. Recognition for the Foundation is granted if the foundation law requirements are met.

The foundation supervision of the country ensures that the foundations are managed in accordance with the laws and the foundation statutes. Supervision should be handled in such a way that the decisiveness and responsibility of the members of the foundation bodies are not affected. It ensures that the will of the donor is permanently observed or not changed more than necessary.

Documents may be required. Please contact the appropriate body.

Related Links

  • §§ 80 ff. Bürgerliches Gesetzbuch (BGB)

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