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Compare types of organizations

Association Foundation
Legal person
No character of gaining a profit
Purpose of founding To achieve the common goal of the persons provided for by the articles of association To achieve the goal established by the founder by attracting property and financial resources
Founders, their minimum number 2 persons (a natural, legal person or a partnership with legal capacity) 1 person (a natural, legal person or a partnership with legal capacity)
A natural person may be a member -
A legal person may be a member -
Non-residents may be a member -
Management Members' meeting and the board The board
Right to form other administrative bodies
Right to carry out economic activity
Members do not have personal responsibility for liabilities and debts. -
After registration, the right to acquire the status of a public benefit organisation by by applying to the SRS
State fee for registration 11,38 EUR 11,38 EUR
Publication in the official gazette “Latvijas Vēstnesis”
Register Register
Association
Foundation
Association
Foundation
Association To achieve the common goal of the persons provided for by the articles of association
Foundation To achieve the goal established by the founder by attracting property and financial resources
Association 2 persons (a natural, legal person or a partnership with legal capacity)
Foundation 1 person (a natural, legal person or a partnership with legal capacity)
Association
Foundation -
Association
Foundation -
Association
Foundation -
Association Members' meeting and the board
Foundation The board
Association
Foundation
Association
Foundation
Association
Foundation -
Association
Foundation
Association 11,38 EUR
Foundation 11,38 EUR
Association
Foundation