[Owasp-board] VOTE Request - OWASP Europe Foundation

Tom Brennan tomb at owasp.org
Mon May 9 11:49:20 UTC 2011

If we can't leverage the France or Norway chapter's incorporation.  Have we look at that yet as EU ?

On May 9, 2011, at 1:40 AM, Seba <seba at owasp.org> wrote:

> Hi,
> I have not seen enough positive reactions on my previous request concerning the setup of an European legal entity.
> To gain traction and to have OWASP Europe started by AppSecEU, I need you to vote now (deadline Tuesday 10-May EOB).
> I ask you to vote on the principle if Yes/No you support the startup of an European OWASP Foundation.
> Benefits are:
> Ease of payments (IBAN-BIC numbers) within the Euro zone (less accounting overhead, less exchange rate risk exposure, no paypal fees, faster cash-in)
> OWASP deducting / avoiding VAT in the EU (savings on chapter/conferences/summit costs)
> EU people possibly being able to tax-deduct donations to an EU non-profit entity (extra revenue)
> Being able to create EU standard invoices in Euro's (less accounting overhead, faster cash-in)
> Potentially tap into EU/governmental budgets (extra revenue)
> Less hassle to hire EU employees/contractors (less overhead, better social protection for employees)
> Providing a governance umbrella for EU chapters/events 
> Upon your approval I will initiate the EU Legal entity in Belgium.
> This will cost:
> € 500 for translating the Bylaws in English (takes 3 working days)
> € 1000 for a notary to make them official. (takes 10 working days)
> We can get it done by AppSecEU, but we have to decide now.
> Potential VAT deduction of the AppSecEU costs (21% on estimated € 10000) already covers the startup costs.
> Yearly book-keeper cost (quarterly VAT and one yearly fiscal declaration) will be about € 850 / year.
> We can set up Alison with an EU software package to create and follow-up on EU invoices/ costs.
> Can you send us your vote and/or questions by Tuesday 10-May EOB?
> Thanks,
> --Seba
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