What’s the tasks and requirements of a permanent representative in Brazil?

Status: 2024-07-08

New formation, Greenfield investment, Q&A, E-Commerce, Corporate governance, M&A, Corporate law, Investment, Brazil, Dispute Resolution

What’s the tasks and requirements of a permanent representative in Brazil?

According to the Brazilian Civil Code, foreign companies may hold shares in Brazilian companies and establish branches, subsidiaries, or agencies within Brazil. To do so, they must first register with the National Department of Business Registration and Integration (DREI), which requires appointing a legal representative in Brazil. The appointed legal representative must reside in Brazil. […]

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