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Necessary conditions for establishing a new charitable foundation：personnel、site、initiating funds、Sponsoring company, etc.；Management and use of charitable foundation property：

1. Representative offices of overseas foundations are not allowed to organize fund-raising in China.、Donations accepted。
2. Publicly raised foundations are used every year to engage in public welfare expenditures stipulated in the charter.，No less than 70% of the total income of the previous year； Non-public foundations are used every year to engage in public welfare expenditures stipulated in the charter.，No less than 8% of the fund balance of the previous year。 Foundation staff salaries, benefits and administrative office expenses shall not exceed 10% of the total expenses for the year。
3. The foundation shall submit the work report of the previous year to the registration management before March 31 of each year.，Get an annual inspection。The annual work report must be reviewed and approved by the business supervisory unit before being submitted to registration management.。The annual work report should include：financial accounting report、CPA audit report，Start a fundraiser、Donations accepted、The provision of funding and other activities, as well as changes in personnel and institutions, etc.。

Foundations should be taxed、Tax supervision and accounting supervision implemented by the accounting authorities in accordance with the law。Before the foundation changes its term of office and changes its legal representative，Financial audit should be carried out。In the context of increasing difficulty in approving charitable foundations and suspension of approval，You can consider acquiring existing charitable foundation licenses in the form of cooperation or mergers and acquisitions，More time-saving。Guangdong and Hong Kong license plates、Shenzhen Hazardous Chemicals Business License、Shenzhen labor dispatch licenseandShenzhen Charity Foundationapplication services，Assist customers to applyShenzhen travel agency business license、Shenzhen pawn shop business license、Shenzhen auction house license and other mainstream domestic financial licenses，Support enterprises to achieve compliance expansion of cross-border financial business。Also availableODI overseas investment registration、International travel agency registration and other services，Help enterprises expand their presence in international markets。Provide one-stop compliance solutions for enterprises。To learn more，Please contactHong Kong Information Communications Consultant。