Endowments and foundations play a crucial role in preserving legacy and fostering societal growth. Belgrade Family Office excels in providing specialized wealth management services for establishing and managing endowments in Serbia, ensuring that your philanthropic vision is effectively realized and sustained.

Understanding Serbian Endowments

An endowment in Serbia is a non-profit legal entity established to support public or private interests. Unlike foundations, endowments require a transfer of assets to ensure their financial sustainability. The Endowments and Foundations Act governs their setup and operation, providing a robust legal framework that protects the donated assets.

Why Choose Belgrade Family Office?

Belgrade Family Office offers unparalleled expertise in navigating the complexities of establishing an endowment. Our services include:

• Comprehensive Legal Assistance: We ensure all legal requirements are met, from drafting the Articles of Association to registering with the Business Registers Agency.

• Asset Management: Our team provides strategic advice on the optimal transfer and management of assets, ensuring long-term sustainability.

• Operational Support: We assist with the day-to-day management of the endowment, including compliance with regulatory requirements and governance best practices.

The Process of Setting Up an Endowment

Setting up an endowment involves several critical steps, each requiring careful attention to detail:

1. Transfer of Assets: The initial transfer of assets, worth at least EUR 30,000, is mandatory. These assets can be in the form of property, funds, or rights.

2. Legal Framework: Drafting and filing the Articles of Association, the foundational legal document, is essential. This document outlines the endowment’s objectives, governance structure, and operational guidelines.

3. Registration: Registering with the Business Registers Agency grants the endowment legal status, enabling it to operate, enter contracts, and receive donations.

Benefits of Establishing an Endowment with Us

• Tax Efficiency: Endowments benefit from significant tax exemptions on received donations, ensuring more funds are available for your chosen cause.

• Legacy Preservation: By establishing an endowment, you create a lasting impact that endures beyond your lifetime, supporting causes that matter to you.

• Expert Management: Our team’s expertise ensures that your endowment operates efficiently, meeting all regulatory standards and achieving its philanthropic goals.

Belgrade Family Office is your trusted partner in establishing and managing endowments in Serbia. Our expert services ensure that your philanthropic efforts are legally compliant, financially sound, and impactful. Contact us today to begin your journey towards leaving a lasting legacy.