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Image header Agence Europe
Europe Daily Bulletin No. 10548
ECONOMY - FINANCE - BUSINESS / (ae) company law

New multinational foundation rules

Brussels, 07/02/2012 (Agence Europe) - On Wednesday 8 February, EU Internal Market Commissioner Michel Barnier unveiled a draft regulation setting up an EU legal status for multinational charity foundations in areas like research, health care and culture. Registered in any member state and with start-up capital of at least €25,000, a “European foundation” can be started from scratch or by merging national foundations. The European Commission says there would be several advantages to...

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