Must be incorporated by a "Qualified Person" on behalf
of the founder, and an application for incorporation must be
accompanied by the foundation charter.
At incorporation, the Qualified Person must certify that a
specific Qualified Person will become a member of the foundation
council.
The name of the foundation must end with the word
"Foundation" or its equivalent in a foreign language.
Entry in the Register is conclusive evidence that on the date
set out the foundation was incorporated and the requirements of the
Foundations Law were met.
A foundation cannot engage in commercial trading other than
trading which is incidental to the attainment of its objects.
The Charter must be lodged with the Registrar on incorporation,
and must specify (i) the name of the foundation; (ii) the objects
for which the foundation was established (which can be charitable
or non-charitable or both and can be for the benefit of people or
purposes or both); (iii) the names and
