Austria

Austria

Two specific legal forms are prescribed for non-profits, associations and foundations, each with its own legal framework.. Foundations can be divided into public foundations established in accordance with the Austrian federal law on foundations, which possess permanent assets dedicated to the pursuit of stated charitable purposes or the public benefit, and private foundations established either for the mere pursuit of a charitable purpose specified by the founder, who provides the funds to set up the charity, or private foundations established for self-interest of the founder, which can also pursue charitable purposes. Private charities acquire legal personality by registration in the register of companies. There are currently plans for a new electronic register that would be openly available to the general public for the purposes of transparency and building public trust.

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