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Federation
Federation
A federation is an organization made up of smaller groups parties or states. Federations are required to operate with in house bylaws before appointing its members. If part of international Federations/agency such as sports for instance (e.g. Boxing or the Olympics) the Federation must provide said info for which they are a part of. If the Federation is not part of an international agency, then they are considered an “Association” here on the island.
Key Characteristics
- Objective(s)/conditions that the Federation operates under (which must be presented to the Notary)
- Members must provide passport and ID info
- Must be incorporated by a Notary
- Registered by the Chamber of Commerce
- Registered by the Tax Office.
- If the Federation has employees, they are entitled to healthcare insurance, and therefore the Federation must be written in by SZV.