Polish Family Foundation – draft act

On 12 January this year, a draft Family Foundation Act was entered into the list of legislative and program works of the Council of Ministers. Official assumptions specifying how this new legal person is supposed to function were published along with the entry made. The information concerns, inter alia:

• foundation establishing process
• shaping of its structure
• way of managing the foundation
• requirements regarding the operational fund and the circle of beneficiaries.

According to the announcements, this draft is to be adopted by the Council of Ministers in the second quarter of 2021 and should enter into force at the beginning of 2022.

Regulations of the Act should soon be directed to public consultations, which will certainly be looked at by the GWW individual client advisory team us. If you have any questions, please contact the practice supervisor: Aldona Leszczyńska-Mikulska: Aldona.Leszczynska-Mikulska@gww.pl