FAMILY FOUNDATION

comprehensive service
capital protection
low taxes

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biuro@so-mare.pl

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882 022 775

At SO-MARE, as experts in accounting, law, and tax consulting, we understand the importance of proper management of family wealth and the continuation of entrepreneurship through successive generations. A family foundation in Poland is a modern tool that not only allows for the protection of assets but also their effective utilization and transfer within the family over many years.

Our company offers comprehensive support in establishing and managing family foundations, enabling the smooth and legally secure transfer of assets, as well as the realization of business and personal goals. As a complementary team of specialists, we are able to provide support in the area of family foundations at the highest possible expert level.

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Why a Family Foundation?

A family foundation is the perfect solution for those who want to ensure financial stability for their family, while separating personal matters from business ones. This is particularly important in situations where the founder wishes to step back from actively managing the company, but at the same time wants to secure the future of their loved ones.

At SO-MARE, we help our clients understand the benefits of establishing a family foundation, including:

• Protection of family assets: A family foundation allows for the safekeeping and management of family wealth.
• Continuation of business activities: Ensuring the continuity of the business, even after the founder steps back.
• Effective asset management: Managing assets in an organized and thoughtful manner, with the potential for growth.
• Succession planning: The foundation enables the planning of asset transfer across multiple generations.

How to Establish a Family Foundation?

The process of establishing a family foundation requires fulfilling several key steps:

• Drafting the founding act before a notary: This is the first step towards establishing a family foundation. The deeds can be prepared as part of a will or as separate documents.
• Establishing the foundation’s statute: The statute should include the rules of operation for the foundation, its objectives, and the method of management.
• Contributing assets worth at least 100,000 PLN: This is the minimum amount that the founder must allocate to the founding fund.
• Registration in the District Court: After meeting the legal requirements, the foundation must be registered in the appropriate registry.

COMPREHENSIVE SERVICE OF FAMILY FOUNDATIONS

At SO-MARE, we emphasize an individual approach to each client. Our services include:

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Legal and advisory support

Our team of legal advisors and tax consultants offers comprehensive assistance in the legal aspects of establishing and operating a family foundation.

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Accounting services

We provide professional accounting support, including the management of the foundation’s assets. Additionally, the entire process is supported by our Tax Advisor.

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Foundation Management

We advise on matters of day-to-day management and organization of the foundation’s work, including in the area of tax and financial settlements.

Who Can Establish a Family Foundation?

In Poland, founders can be individuals with full legal capacity. It is also possible to establish a foundation by several founders, which allows for the sharing of responsibilities and resources.

Beneficiaries of the Family Foundation

The primary beneficiaries of the foundation are typically the family members of the founder, but there is also the possibility to designate other individuals or organizations as recipients of the foundation’s support.

The Taxation of Family Foundations

In terms of taxation, family foundations in Poland benefit from preferential solutions. Transferring assets to a family foundation is not subject to taxation, and the foundation itself pays a lower Corporate Income Tax (CIT). Beneficiaries are exempt from Personal Income Tax (PIT) if they are part of the founder’s immediate family.

Why choose SO-MARE for Family Foundation management services?

By choosing SO-MARE, you opt for collaboration with experts who possess extensive experience in the fields of law, accounting, and tax advisory. Our services are tailored to the individual needs of each client, ensuring efficient and secure management of family assets.

If you are considering establishing a family foundation, we invite you to get in touch with our team at SO-MARE. We will assist you throughout the entire process, offering professional support at every stage.