A non-profit company is a company incorporated for public benefit or other object relating to one or more cultural or social activities, or communal or group interest.
The income and property of a non-profit company is not distributable to its incorporators, members, directors, officers or persons relating to any of them and must be used to advance the purpose for which it was created, as set out in its MOI.
A non-profit company must have at least three incorporators and three directors and may be registered with or without members. A non-profit company is not required to have members. The members of a non-profit company are persons who participate in the activities of the non-profit company, such as members of a church or a pension fund.
If you wish to receive grants or donor-funding, you are required to register with the Department of Social Development as a Non-Profit Organisations (NPO). Non-profit companies registered with the Department of Social Development can also apply for funding at the National Lottery Board.
The following supporting documents will be required: