Você pesquisou por representante legal - Pryor Global

A importância do representante legal: análise do caso da rede social X

Mariana Pascoal — Fri, 29 Nov 2024 19:09:41 +0000

After a 40-day suspension, X (formerly Twitter) has resumed operations in Brazil following the payment of R$28.6 million in fines.

The suspension was primarily due to the lack of a legal representative/attorney-in-fact appointed in Brazil, as determined by Minister Alexandre de Morais of the Superior Federal Court (STF). This case highlights the critical role of a legal representative for foreign companies operating in the country

Failing to meet the deadline to appoint a legal representative was a key factor in the decision to block the platform.

What does Brazilian law say?

Brazilian legislation, under the Civil Code (Law No. 10.406/2002), mandates the appointment of a legal representative/ attorney-in-fact for foreign companies operating in the country. This individual must have broad authority, including handling legal and tax matters, ensuring compliance with the General Data Protection Law (LGPD), and maintaining formal communication with the National Data Protection Authority (ANPD).

A legal representative is essential for obtaining the necessary governmental authorizations, registering with agencies such as the Board of Trade and the Federal Revenue Service, and ensuring compliance with local regulations.

The legal representative can be either Brazilian or a foreign resident in Brazil. For “S.A.” companies, the representative must also be a board member and hold a power of attorney for at least three years after their term ends to ensure continued legal compliance.

Beyond legal and regulatory responsibilities, the representative plays a crucial role in tax compliance and in managing interactions with public and tax authorities. In X’s case, the absence of a legal representative led to severe operational limitations. This underscores the importance of appointing a qualified legal representative to ensure regulatory compliance and safeguard the company’s operations and interests in Brazil.

Foreign companies entering the Brazilian market can benefit from working with firms specializing in legal representation to meet local requirements effectively.

How Pryor Global can help

Pryor Global has nearly 30 years of experience representing foreign companies in Brazil. We ensure that our international clients maintain compliance, facilitate communication with authorities, and navigate the Brazilian market efficiently.

If you have any questions about our services, feel free to contact our team! Discover more about our representation services for foreign companies by clicking here.

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ECD 2024: prazo e regras para entrega

Mariana Pascoal — Thu, 06 Jun 2024 17:17:12 +0000

Companies have until June 28 to submit the Digital Accounting Bookkeeping (ECD 2024) to the Public Digital Bookkeeping System (Sped). This is the last working day of the month established as the deadline for fulfilling this tax obligation.

The ECD encompasses the main accounting books, such as the General Journal and its auxiliaries, the General Ledger and its auxiliaries, as well as daily trial balances containing balance sheets and entry sheets that validate the records. All these files must be electronically signed by the company’s legal representative and the responsible accountant, using a digital certificate issued by an entity authorized by ICP-Brasil.

It is essential that companies choose their accountants carefully, as the Federal Revenue Service (RF) is stepping up its verification of data in the systems of the Federal Accounting Council (CFC) to identify possible inconsistencies in the involvement of these professionals.

Submission of the ECD is mandatory for all legal entities that have a legal obligation to keep accounting records. In addition, other entities listed in IN RFB No. 2003/2021, such as companies taxed on presumed profit that distribute profits or dividends without incurring Withholding Income Tax (IRRF) in an amount greater than the amount of the calculated income tax base, are subject to submitting the ECD.

For those who fail to meet the deadline or submit the ECD with errors or missing information, they are subject to fines that vary according to the infraction.

The fines include 0.5% of the company’s gross revenue in the period to which the bookkeeping refers for non-compliance with the submission requirements, 5% on the value of the corresponding transaction, limited to 1% of the company’s gross revenue for omissions or incorrect information, and 0.02% per day of delay, limited to 1% of the company’s gross revenue for late submissions.

At Pryor Global, we serve international companies across various sectors with a focused and structured approach. Our services strictly adhere to international accounting, tax, and labor regulations, resulting in maximized efficiency of our clients’ internal processes. We constantly strive to add value to companies through effective accounting management and innovative solutions, leveraging technology for data processing and analysis.

Talk to our team now!

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Empresas estrangeiras devem nomear um representante legal no Brasil

Mariana Pascoal — Mon, 27 May 2024 18:35:55 +0000

Foreign companies planning to establish a presence in Brazil need to understand local legislation. Among the various obligations is the need to establish a legal representative in the country. This representative will be in charge of overseeing and managing all the company’s operations in Brazil, ensuring compliance with local laws and regulations.

The legal representative acts on behalf of the foreign company, assuming responsibilities and acting in direct line with the company’s strategic decisions. This involves signing contracts, carrying out financial transactions and fulfilling tax obligations on behalf of the company. In addition, they play a key role in communicating with local authorities, clients and business partners, ensuring a solid and reliable presence in the Brazilian market.

Here at Pryor Global, this legal representative is also called attorney-in-fact. Their work is essential to ensure the successful operation of the foreign company in Brazil, protecting its interests and guaranteeing legal compliance in all aspects.

Choosing a qualified attorney is essential, as they will represent the foreign company’s interests before the authorities and third parties. It is therefore essential to carry out careful research and ensure that the attorney selected has solid experience and comprehensive knowledge of Brazilian laws and business practices.

The documentation also deserves special attention. This includes a detailed power of attorney, clearly specifying the attorney’s responsibilities and powers to act on behalf of the company. This ensures that the proxy has the necessary authority to make decisions and carry out activities on behalf of the company effectively and legally.

The power of attorney must be notarized to give the document legal validity and authenticity. In addition, registration provides legal certainty for both the company and the attorney-in-fact, ensuring that all parties involved are protected and that the attorney-in-fact can exercise their powers legitimately and effectively.

It must be carefully drafted, clearly detailing the powers, mainly to represent the company in Brazil, before public authorities, the Central Bank and the Federal Revenue Service.

With the power of attorney duly registered, the attorney receives full powers to represent the foreign company in a wide range of legal matters.

In short, appointing a legal representative in Brazil is an essential step for foreign companies seeking to operate legally in the country. This process requires meticulous attention to detail, from selecting the attorney to preparing and registering the necessary documentation.

You can count on Pryor Global to help you with this task. We have been in the market for over 28 years and are a benchmark when it comes to representing foreign companies. You can count on a team of experienced specialists working within best practices and legal rigor.

Get in touch and find out more about our solutions!

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Investimento estrangeiro direto no Brasil: como funciona?

Mariana Pascoal — Thu, 04 Jan 2024 12:32:08 +0000

In the first half of 2023, Brazil stood out as the country that attracted the most Foreign Direct Investment (IED, in Portuguese), second only to the United States. This result is particularly significant given the current global uncertainty. It is worth noting that, in 2022, Brazil had already occupied fifth place in this ranking, with a total of US$ 86 billion in IED, surpassed only by the USA. This rise in attracting foreign investment highlights the country’s attractiveness on the international scenario.

For foreign investors, however, it is essential to be familiar with some aspects of Brazil, especially those related to legislative complexity, which require an in-depth understanding. In addition, it is necessary to consider the country’s economic, cultural, and social dynamics, which significantly influence investment strategies.

In this context, how does foreign capital enter the country?

According to the Foreign Capital Law, foreign capital includes goods, machinery, equipment, and financial resources intended for the production of goods or services in Brazil, without any initial outlay of foreign currency. These resources belong to individuals or legal entities resident, domiciled, or headquartered abroad.

Foreign capital must be registered through the RDE – IED (Central Bank’s Electronic Declaratory Registry – Foreign Direct Investment) module, which is part of the Central Bank’s Information System – Sisbacen. It is essential to register all foreign investment with the Central Bank of Brazil (BCB). This registration is indispensable for procedures such as remitting profits abroad, repatriating capital, and formalizing the reinvestment of profits.

Investing in currency, on the other hand, does not require preliminary authorization from government authorities. To acquire a stake in a Brazilian company, for example, all you have to do is send your investments through a bank authorized to operate foreign exchange. However, the closing of the exchange depends on registration in the RDE – IED System, which requires a valid number for the foreign investor and the receiving company.

The investment must be registered by the Brazilian beneficiary company and/or the foreign investor’s representative in the RDE – IED System, within 30 days of closing the exchange contract.

Regardless of the channel chosen, it is important to observe the regulations and standards set by the Brazilian government, such as registration with the Central Bank and compliance with tax obligations. In many cases, it is advisable to seek advice from specialized professionals to ensure compliance with the law and maximize investment opportunities.

At Pryor Global, we support the internationalization of companies in the Brazilian market, providing strategic guidance to boost the expansion of any enterprise. Our services cover the representation of legal entities and their legal representatives in all instances, ensuring comprehensive and specialized support to facilitate entry and consolidation in the Brazilian business environment.

Get in touch and find out how we can help you!

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Negócios no Brasil: orientações para investidores estrangeiros na abertura de empresas

Mariana Pascoal — Wed, 08 Nov 2023 12:28:41 +0000

The historically complex process of opening a business in Brazil has undergone significant changes. Simplification measures have been adopted with the aim of making the procedure more accessible, providing a friendlier environment for foreign investors.

However, for those unfamiliar with the Brazilian business landscape, making such important decisions presents a challenge. One wrong decision can affect the viability of the operation.

Here are some tips to help foreign investors navigate this business environment and make better informed decisions.

1. Legal representative

The appointment of a legal representative for the foreign investor is a requirement. This professional will play a key role in the process of establishing and operating the company in the country. They will be responsible for representing the foreign investor’s interests before the Brazilian authorities and ensuring compliance with all the legal and tax obligations necessary for the company to operate.

Therefore, appointing an attorney is a crucial step and must be made with care and consideration.

2. Legal nature

Choosing the legal nature of the company is an important step in the process of opening a business in Brazil. It consists of defining the company’s legal structure and the partners’ responsibilities under Brazilian law. To make this decision, you need to consider the objectives of the business, the type of activity to be carried out, the number of partners involved etc.

It is important to understand that the legal nature selected will have a direct impact on issues such as taxation, corporate structure, and legal obligations.

3. Tax regime

The most common tax regime options in Brazil include National Simples, Actual Profit, and Presumed Profit. Each has its own rules and tax rates, as well as specific requirements. The choice of tax regime should be based on the nature of the company’s activity, its estimated revenue, corporate structure, and other relevant factors.

4. Legal documentation

A series of documents are required for a company to operate legally in Brazil. Legal documentation includes, among others, articles of incorporation, mandatory registrations such as the CNPJ (National Register of Legal Entities), a business license, state, and municipal registrations, as well as other specific licenses for certain types of activities, such as health or environmental licenses.

5. Specialized advice

Seeking expert advice right from the start of the process of opening a company in Brazil is essential to the success of the business. In this context, you can count on Pryor Global, which has been helping foreign investors establish and expand their businesses in Brazil for 28 years.

With a team of experts who are deeply familiar with the Brazilian business environment, we offer personalized guidance to meet the specific needs of each client.

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Conselho de Administração e Representação Legal: principais pontos

Mariana Pascoal — Wed, 13 Sep 2023 20:58:51 +0000

The Board of Directors plays a fundamental role in the strategic decisions of companies, acting in line with the interests of the institution and supervising the activities of the management, while also serving as a communication link between the directors and the shareholders.

The legal representation of a foreign member of the Board of Directors in a Brazilian Limited Liability Corporation is an essential process. The foreign board member, who is an individual of foreign nationality, becomes part of the company as a board member. However, due to their foreign nationality, they require a legal representative to sign board meeting minutes on their behalf.

This legal representation is established through a power of attorney issued by the foreign member, granting the legal representative the authority to sign board meeting minutes and receive legal notices on their behalf. This is a common practice in this context.

The Brazilian company holds regular meetings, at which the legal representative of the foreign member signs the minutes on behalf of the latter, always with the board member’s own approval. The workflow usually involves the client’s lawyer in Brazil informing the legal representative of a pending resolution, which must be signed on behalf of the foreign member. After the deliberation, the legal representative signs the minutes, and the document is submitted to the corresponding public body to formalize the decision taken.

It is important to note that, according to the Corporations Law, powers of attorney for board members are valid for up to three years after the end of that board member’s term of office, providing continuity of proper legal representation.

Administrator’s Representative

When the company administrator is a foreigner who does not have a visa or is a Brazilian who wishes to delegate the signing of documents in order to concentrate on other activities, an attorney-in-fact is appointed to act on their behalf.

In the case of a Brazilian, they issue an authorization in Brazil, indicating that they authorize a specific individual to act as a representative on behalf of the company. This authorization is formalized with a power of attorney that clearly outlines the powers granted to the representative and complies with the administrator’s responsibilities as stipulated in the Brazilian company’s articles of association.

When the administrator is a foreign, the corresponding representative is issued abroad. As the previous case, the powers granted to the representative are strictly defined and do not allow the representative to grant third parties powers that have not been conferred upon them.

The representative typically has a medium-term validity of one year, ensuring compliance with regulations and proper continuity of legal representation.

At Pryor Global, we act as legal representatives for both legal entities and their respective representatives in all necessary spheres. With over 27 years in the market, we operate in compliance with the specific regulations and statutes of each of our clients.

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Internacionalização de empresas: conheça as diferenças entre filial, subsidiária e empresa com capital estrangeiro

Mariana Pascoal — Wed, 14 Jun 2023 19:08:04 +0000

There comes a time in a company’s journey when the internationalization process emerges as a significant growth opportunity. However, this expansion across borders can bring with it a number of challenges to be faced. After all, how do you establish yourself in a new country with different legislation? Fortunately, there is more than one way to make this global expansion possible.

The internationalization process of a company may involve the creation of subsidiaries or branches as a strategy to establish a presence in foreign markets. The choice will depend on the company’s business strategy, considering factors such as available resources, the risks involved, and the characteristics of the target market.

These two possibilities offer different advantages and challenges, requiring an analysis of the company’s objectives and the conditions of the foreign market in question to make the best decision.

Let’s look at the differences between a branch office and a subsidiary.

1) Branch office

A branch is an extension of the parent company, managed by a representative appointed by the headquarters. While maintaining a direct connection with the parent company, the branch has its own customer base and autonomy to manage its operations, as long as it is involved in the same business as the headquarters.

The opening of a foreign branch is usually a straightforward process, primarily involving administrative procedures. It is considered the first step towards creating a subsidiary, which we will discuss later. This allows the company to establish a presence in a foreign market before making more complex and long-term decisions.

In order to open a foreign branch in Brazil, the company must have a head office in the country. In addition, it must comply with certain requirements contained in art. 1,134 of the Civil Code and art. 1 of DREI Normative Instruction no. 77, of March 18, 2020. Under no circumstances can the company operate without the express authorization of the Executive Branch.

One advantage of establishing a branch is the opportunity to test projects or expand the company internationally in a cost-effective manner. The costs associated with creating and operating a branch are typically lower than those of a subsidiary, making expansion easier and reducing financial risks involved.

However, it is important to note that opening a branch does not exempt the company from the legal and regulatory obligations of the foreign country. It is necessary to comply with local laws and ensure that the branch’s operations are in accordance with the applicable legal requirements.

2) Subsidiary

A subsidiary is an independent legal entity that has the capacity to acquire assets and operate in its own name. From a tax point of view, it is autonomous and is responsible for paying taxes on profits earned in the country in which it is established.

It is important to highlight that a subsidiary is a company in which the parent company owns more than half the shares, exercising control over its operations and strategies. This ownership relationship allows the parent company to influence and guide the activities of the subsidiary according to its objectives and interests.

The new company can be created from scratch or through the acquisition of a local company.

Foreign-Owned Company

Foreign-Owned Companies are established with capital that comes wholly or partly from foreign investors. This participation can occur through the shareholding presence of the foreign investor (buying shares of the company) or through direct investments. It is important to mention that these companies are also subject to the regulations and laws of the country where they operate.

Important: after the incorporation of the company in Brazil, it is already liable to submit tax obligations to the authorities, even in cases where the companies have not yet started operations and/or have no revenue. These deliveries happen in a simplified way, but they are extremely important so that the company does not become inapt for delivering obligations, besides avoiding the application of fines and interest generated as a result of not delivering these tax obligations within the legal deadline.

Whatever your choice when it comes to expanding your company globally, count on Pryor Global to be your partner in Brazil. For over 27 years, we have acted as legal representative for multinational companies established in the country, ensuring that all their activities comply with local laws and regulations.

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Abertura de empresa por estrangeiro no Brasil

prylocawp23 prylocawp23 — Tue, 27 Sep 2022 13:14:21 +0000

What does a foreigner need to open a company in Brazil?

Brazil is considered the leading economic and political power in South America. In 2019, it recorded a Gross Domestic Product (GDP) of US$1.878 trillion, with a Gross National Income (GNI) of US$9,130. With a population of 212 million, a rapidly growing middle class, abundant natural resources, and many unsaturated domestic markets, the country offers several opportunities for foreign investors.

All these factors partly explain why Brazil is the top destination for Foreign Direct Investment (FDI) in the region, and the fourth largest recipient worldwide – with FDI inflows reaching US$65.4 billion in 2019.

To help foreigners who want to open a company in the country, Pryor Global has launched the e-book “Constitution of Foreign Companies in Brazil”, available for download on our website. There, all interested parties have access to important information, such as the first steps and documents prior to the constitution of the Brazilian company, articles of association or by-laws, and mandatory registrations at the competent bodies, to name just a few topics.

To help our future clients even more, today we will take a deeper look into what a foreigner needs to open a company in Brazil, with direct questions and clear answers. Check out our Q&A section below.

What does a foreigner need to open a company in Brazil?

According to the legislation, people who are in full possession of their civil capacity and are not legally impeded can open a company in Brazil. They must be over 18 years old, Brazilian, or foreign citizen, who is in free administration of his/ her person and property, or an emancipated minor, or coming of age as described by law.

The opening of a company by a foreigner in Brazil, living in the national territory or not, is possible, and he or she may constitute or have interests in companies in the country. However, there are different requirements to be met for each of these situations.

Resident permit or permanent visa

To obtain a visa as an investor, the foreigner must prove an investment of at least BRL150 thousand and the hiring of Brazilian professionals. For detailed information, check Normative Resolution No. 84 of the National Immigration Council.

Living in another country

If the foreigner lives in another country, he or she must appoint an attorney-in-fact residing in Brazil with powers to receive a summons, in addition to being registered with the Federal Revenue (RF) and with the Central Bank of Brazil (BCB), through the Electronic Declaratory Registry (RDE).

If the foreigner has only obtained a temporary visa, he or she will be considered a fiscal resident when getting a residence permit; having an employment relationship; or staying in the country for more than 183 days, consecutive or not, within 12 months.

How to open a company for foreigners who live in Brazil?

The requirements are similar to those for foreigners living in Brazil: an authenticated photocopy of the Foreigners National Registry (RNE) and an identity document, issued by a Brazilian authority, in addition to the Taxpayer Identification Number (CPF). He or she must also go to the Board of Trade and present proof of a permanent visa.

How to open a company for a foreigner living abroad?

In this case, it is necessary to present a specific power of attorney at the Board of Trade, with the signature notarized at the notary’s office and/or embassy, empowering the representative in Brazil to receive a judicial summons in lawsuits filed against the foreigner citizen.

A notarized photocopy of the identity document and the legal existence of the company must also be presented, notarized, apostilled, or certified by a Brazilian authority (Brazilian consulate in the country of origin of the foreign company).

How to open a company being a Brazilian who lives and is domiciled abroad?

In this case, the Brazilian must appoint an attorney-in-fact residing in Brazil, giving him/her powers to sign and file documents with the respective bodies.

Activities that are forbidden to Foreigners in Brazil

Companies with foreign capital in the health care sector;
Cabotage and Shipping Company;
Newspaper Company, Radio and Image Broadcasting Company;
Cable TV Company;
Road Cargo Transport Company;
Mining Company.

The opening of a company by a foreigner in Brazil implies a series of legal obligations. Count on an experienced partner to guide you through this journey. Pryor Global has been representing multinational companies operating in the Brazilian market for over 26 years. Get to know our portfolio and talk to one of our experts.

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Vantagens de constituir uma empresa estrangeira no Brasil

prylocawp23 prylocawp23 — Thu, 28 Jul 2022 20:58:54 +0000

Brazil was the sixth largest destination for foreign investments in 2021

The economic crisis motivated by the pandemic, added to the political instability that is daily shown in the news, has lowered the expectations for foreign investment in Brazil. In a scenario of uncertainties, as the last two years were, it is normal – and even expected – that there is more caution from international investors, but the country has managed to overcome the discouraging perspectives.

Driven by the commodities boom, Brazil was the sixth largest destination for foreign investments in 2021, recovering its pre-pandemic position. Data published by the UN Conference on Trade and Development show that Brazil received $50 billion in inflows last year, against $28 billion a year earlier. The expectation is that the high price of commodities will stimulate multinationals to increase investments in the country by 2022. In May, the country had already contracted R$ 188 billion.

But what are the advantages of setting up a foreign company in Brazil? We will discuss some important points below:

– A significant consumer market

Brazil is the largest economy in Latin America and has one of the largest consumer markets in the world, with 215 million inhabitants. Therefore, the country offers many opportunities for those who know how to take advantage of them. Today, consumers have more access to information than ever before, and seek reliable data about brands to help them make purchasing decisions. They also demand specific products and services, so those who want to operate in the country can do so in a variety of ways.

– Natural resources / Geographical conditions

The Brazilian natural landscape is very varied, formed not only by the Amazon Forest, the largest in the world, but also by the other biomes, quite different from each other. It is not by chance that Brazil is one of the world’s largest exporters of commodities, very prominent in agribusiness. Companies that operate in this sector will find fertile ground to develop in the country, if they are interested.

– Easy access to Mercosul

Among the international agreements of which Brazil is part, Mercosul (Southern Common Market) stands out. It provides benefits such as free circulation of goods and services and integrated legislation, in order to make life easier for companies operating in member countries. Foreign companies that start operating in Brazil can benefit from these same advantages and have the chance to expand their business even further.

– Open to innovation

There are many reasons why Brazil has not yet emerged significantly in global trade, and one of them is the barrier to innovation. Investment in Science, Technology, and Innovation (ST&I) is low in the country today, limited to 1.2% of GDP. Most of our exports are commodities, therefore, they have lower added value. The private initiative has joined efforts to reverse this scenario. According to a survey by the National Confederation of Industries (CNI), 90% of innovation in Brazil is done with private investment.

To make sure you meet all the mandatory requirements for opening a company in Brazil, you must have the appropriate support. Pryor Global values the trust of its clients, applying internal compliance controls so that the administrator or legal representative always signs documents in accordance with what is established in the contractual relationship and in the articles of association/corporate act or power of attorney of the company.

One of the advantages of appointing an administrator or legal representative is to have documents signed quickly and securely, allowing the company to focus on other important matters, such as growth strategy and negotiations. We have already talked about this here.

For over 26 years, Pryor Global has been assisting foreign companies that want to operate in Brazil. We work in compliance with the complex Brazilian legislation and within the best legal practices. Count on the support of an experienced company that understands your business. Send a message right now.

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Representação de empresas estrangeiras: o que, afinal, este serviço oferece?

prylocawp23 prylocawp23 — Thu, 30 Jun 2022 14:18:05 +0000

Foreign companies that want to establish themselves in a country like Brazil can count on the service of legal representation

When a company decides to expand its operations beyond national borders, there are many challenges. Each country is governed by a specific set of laws and regulations, and understanding the details and processes involved can be difficult without proper professional assistance. Therefore, foreign companies that want to establish themselves in a country like Brazil can count on the service of legal representation.

In general terms, a legal representative has the authority to act on behalf of another person. When it comes to representing foreign companies in Brazil, it is mandatory that the representative is an individual domiciled in the country, who will be the signatory of all the company’s operational activities, protecting its interests.

There are several steps to open a company in Brazil, such as applying for registration with the Board of Trade, a mandatory requirement to proceed with the legalization process of the company, obtaining the National Registry of Legal Entities (CNPJ), paying fees, and obtaining permits and licenses from the respective agencies. The legal representative must be authorized to perform all these tasks by means of the power of attorney granted to him/her.

The legal representative also signs electronically some tax declarations, such as the ECF (Tax Accounting Bookkeeping) and ECD (Digital Accounting Bookkeeping), using the digital certificate e-CPF.

Actions of a legal representative: administrator x attorney-in-fact

The legal representative may act as the administrator of the Brazilian company or as the attorney-in-fact for foreign companies. By means of the powers granted to him/her in the articles of association, the administrator will answer for the Brazilian company before public entities of all levels, such as the Federal Revenue and the Boards of Trade of the States, Central Bank and/or banks in general, tax authorities, among others.

The attorney-in-fact, on the other hand, acts on behalf of the foreign company. His/her powers must be granted by means of a power of attorney from the country of origin, with the proper legalizations, such as Notarial and Authentication Services. To be valid in Brazil, the power of attorney must be translated by a sworn translator and registered at a notary’s office.

Therefore, when hiring the service of representation of foreign companies, it is necessary to pay attention to the difference between the services of an administrator and an attorney-in-fact. In Brazil, their attributions are different.

What services does a lawyer perform?

The services offered by a legal representative and a legal counsel can be confused. The drafting of the articles of association, for example, which establish the activities of the company and its operation, as well as the capital shares of each of the partners, is the responsibility of the corporate lawyer. All corporate documents, such as meeting minutes, are his or her responsibility.

Legal services can also include the formation, reorganization, and dissolution of business entities, including corporations, partnerships, and limited liability companies, acting in the preparation, negotiation, and review of documents required for mergers, acquisitions, sales, and other business arrangements.

Overall, lawyers offer advice on a wide range of corporate matters, as well as acting in the preparation, review, and negotiation of contracts for their clients.

For the representation of foreign companies, count on Pryor Global. We have over 26 years of experience representing legal companies. Our team is composed of specialists in Brazilian regulation. Contact us and find out how we can help your business to operate in the country.

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