The Brazilian Civil Code and the Brazilian Corporation’s Law require that the shareholders of limited liability companies and of private or public corporations meet within the four months following the end of the fiscal year in order to: verify the managers’...
Every company receiving foreign direct investment is required to annually declare in the Electronic Register of Foreign Direct Investment (RDE-IED) held by the Central Bank of Brazil the information regarding the amounts of shareholders’ equity, whole paid-in...
The Brazilian Government has enacted Decree No. 10,997, which reduces to zero the rates of tax on exchange transactions (“IOF-Exchange”) for the next years, according to the type of transaction. This measure was already awaited by the market and is focused on...
Obligations for Companies with assets or net equity LESS than BRL 250 million OBLIGATION AND DEADLINE: By March 31st, 2022, ALL Brazilian companies having foreign direct investments and with assets or net equity inferior to BRL 250 million, must update with the...
The deadline for the submission of the Statement of Brazilian Capitals Abroad (“DCBE”) to the Central Bank of Brazil begins today, February 15, 2022. WHO SHOULD SUBMIT ANNUALLY: All individuals or legal entities residents, domiciled or headquartered in Brazil that, on...
Analyzes tend to become more severe and target the verticalization of the sector The total number of health plan operators has been falling in Brazil, with a constant movement of acquisitions between companies. The drop was 47% between 2011 and 2020 when the National...
The Brazilian Senate has approved Bill of Law from the Executive Branch No. 5,387/2019 (Bill 5,387/2019), which introduces relevant changes to the Brazilian exchange market. The Bill is now pending of presidential approval. The goal of said Bill 5,387/2019 is to...
WHAT IS IT? – Every 5 years the Central Bank of Brazil conducts a census of foreign capital, which consists of the mandatory submission of information related to companies with equity interest and investments held by non-residents in Brazil, always based on years...
The Brazilian Supreme Court (“STF”), by majority, concluded the judgment of Extraordinary Appeal No. 851,108, with general repercussion (item 825), to sign an understanding that, in the absence of a complementary law that regulates the issue, it is unconstitutional to...
OBLIGATION: Shareholders of limited companies and corporations with head offices in Brazil are required to meet at least once a year to decide on: the management accounts and the financial statements; the allocation of profits or losses accrued in the base-year; the...
