How to open an account for a charitable foundation in Ukraine?

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A charitable foundation is an organization that does not aim at making a profit and its further distribution among its participants.
The unprofitability of the fund means the absence of cash transactions. For the full functioning of the charitable foundation, you need to open a bank account. No organization can operate without a bank account, and a charitable foundation is no exception.

Banking operations are the primary source for analyzing the activities of any organization. The requirements of non-profit organizations, the procedure for opening and managing a bank account should be treated responsibly.

In this article, we will talk about the nuances of opening a bank account for a charitable foundation and the features of managing its funds.

To open a bank account  for a charitable foundation you must provide the following documents and information

Dear visitor, the full text of this article is available only in Ukrainian and Russian versions. 

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Team of "Pravova dopomoga" law firm
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Publication date: 26/01/2023


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Volodymyr Gurlov

About author

Name: Volodymyr Gurlov

Position: Strategic Advisor

Education: National Academy of the Security Service of Ukraine

Knowledge of languages: Ukrainian, English, Russian

Email: [email protected]


Strategic Advisor. Founder of the Law Firm "Pravova Dopomoga" 

More than 10 years of work for governmental agencies and private companies allowed Volodymyr to gain significant experience in the field of corporate and tax law. Since 2008 he has been heading a quickly developing and successful practice related to recovery of debts.

Also he is the Head of the Department of Access to the medical services and control of unfair advertising of the All-Ukrainian Council for Patients’ Rights and Safety.

Today Vladimir has been developing his brand for more than 10 years, the purpose of which is to make the solution of any legal issue simple, safe and effective.
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