Under The Non-Profit Organisation (“NPO”) Law, which came into effect on 1 August 2017, charities are required to be listed on the NPO register if they meet the legal definition of a NPO.
The registration requirement includes companies incorporated pursuant to section 80 of The Companies Law (2018 Revision).
An entity is deemed to be an NPO if it is a company or body of persons, whether incorporated or unincorporated, or a trust, that is:
- established, or which identifies itself, as established primarily for the promotion of charitable, philanthropic, religious, cultural, educational, social or fraternal objectives, or other activities or programmes for the public benefit or a section of the public within the Islands or elsewhere; and
- which solicits contributions from the public or a section of the public within the Islands or elsewhere.
Businesses that are not currently designated under section 80 can qualify for the NPO register if they meet the Law’s criteria.