FAIB Position Papers

For several months now FAIB has been working with the department of Minister Geens (Justice) on the ongoing revision of the company and association law. We have recently issued the following position paper on this where, while welcoming the draft law, we highlight 5 key concerns arising both from the proposals and from the actual management of the law on INPAs:

  1. Maintain The INPA (i.v.z.w / AISBL) statute as an attractive one
  2. Facilitate at a national level conversion of companies into either an ASBL or an AISBL
  3. Include detailed provisions for inbound cross-border conversion into AISBLs
  4. Speed up the processing of applications for the AISBL / i.v.z.w statute
  5. Simplify procedures for publication of changes to statutes and board members

We strongly feel that the revision of this law offers an opportunity to reinforce the attractiveness of the AISBL statute and to facilitate cross border conversion of companies and associations with a charity status into AISBLs. This is particularly important at the present time.

We are following up our position with visits to both the federal and Brussels authorities and will continue to do so throughout the process of adoption of the draft legislation.

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