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On August 3, 2018, the Brazilian Department of Business Registration and Integration – DREI published Normative Ruling No. 47 (“IN 47/18”), which modifies the Registration Manual of the EIRELI (“Manual”). The great innovation brought by IN 47/18 is the possibility of a legal entity to be the Holder of more than one EIRELI. The EIRELI […] Continue reading...
The Annual Census of Foreign Capital in Brazil, regulated by Circular No. 3,795/2016 by the Central Bank of Brazil (“BACEN”) is a statement that compiles information about Brazil’s foreign liabilities. The compiled data by BACEN allow it to elaborate statistics and economic policies, beyond researches in the consulted areas. The Census 2018’ statement shall be […] Continue reading...
The Federal Revenue of Brazil has established new rules concerning the Taxpayer Numbers (“CNPJ”) of foreign entities holding assets in Brazil, as one of the means to prevent and control corruption, money laundering and tax evasion. Currently, for the issuance or updating of CNPJ enrollment information based on documents on the foreign company’s legal representatives […] Continue reading...