Starting on 22 May 2023, it will be possible to establish and register family foundations in Poland. The Polish legal system will thus be expanded by a new institution that allows assets to be accumulated and managed, and profits to be distributed to beneficiaries. The legislature wished to provide the means for family-owned businesses and their owners to engage in intergenerational wealth management and to grow their wealth over time while protecting it from dispersal to unrelated entities and persons. Hence, family foundations may serve as a means to retain and multiply a family's wealth, independent of inheritance law.
Capital Markets in Serbia
Contributed by Karanovic & Partners.
Capital Markets in Austria
Contributed by Schoenherr.
Capital Markets in Bulgaria
Contributed by Tsvetkova Bebov and Partners, a member of Eversheds Sutherland.
Capital Markets in Croatia
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Capital Markets in Hungary
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Capital Markets in Lithuania
Contributed by Walless.