The Ministry of Commerce clarifies the mechanism for spending the profits of non-profit companies What is it?

Profits of non-profit companies are disbursed in the contract banks, up to 30% may be allocated for investment, and a restricted distribution of 10%.
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<The Ministry of Commerce Ministry of Commerce has clarified that non-profit companies must spend the amount of profits realized from their activities in the banks and areas stipulated in the articles of incorporation or the company's statute. <The Ministry stated that non-profit companies may allocate a percentage of their profits, not exceeding (30%), to enhance their investments and expand their business, unless the memorandum of association or articles of association stipulate otherwise.

Non-profit companies may allocate a percentage of their profits, not exceeding (30%), to enhance their investments and expand their business. Non-profit companies may pay reasonable bonuses or other benefits to their directors, board members, or employees for the services they provide.

The ministry noted that a percentage of their profits does not exceed (30%), to enhance their investments and expand their business, unless otherwise stipulated in their articles of incorporation or bylaws. The Ministry pointed out that non-profit companies are prohibited from distributing any of their profits to any of the company's members, directors, board members or employees, unless it is covered by the company's banks and fields, provided that the profits that can be distributed do not exceed (10%) of the total profits.

Non-profit companies may pay reasonable bonuses or other benefits to their directors, board members or employees in return for the services they provide.