Trusts, Funds and Foundations


An association is an agreement between three or more persons to establish an organization with defined aims or purposes to be achieved through the dedication of efforts and resources by such persons and others who may join voluntarily. An association may be established:
  • to promote private interests;
  • to promote a trade or profession;
  • for the achievement of a social or non-profit-making goal.
Associations are not bound to register as legal persons but are entitled to do so. Legal personality, however is dependent on registration. On pain of nullity, an association must be consulted by means of a written agreement.

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