Business services in Brazil
In UR Global, we have own offices in Sao Paulo city (Brazil), specifically in Moema neighborhood. From there, we assist in the internationalization of Spanish and foreign companies in 2010.
Our team will help you in all internationalization stages, from the company incorporation until the comprehensive management and advice in the tax, legal, accounting, labor and administrative fields, by facilitating continuity and functioning of business.
UR Global: specialists in subsidiary management in Brazil
Such experience of more than 10 years of the biggest economy in Latin America has turned us into great experts of the Brazilian market. We know the importance of carrying out an accurate and correct analysis of all phases of the project by applying necessary solutions at each stage.
In addition to the accounting, tax, legal and labor management of more than 50 subsidiaries in Brazil, we also carry out specific corporate services in the country, such as:
- Annual statement of foreign capital.
- General Data Protection Act
- Studies on import, taxation and sales cost calculation
Annual statement of foreign capital in Brazil
All Brazilian companies that have international investment and/or participation of partners/shareholders residing abroad are obliged to make the statement. It is about a statement that must be submitted annually.
To carry out the annual statement of foreign capital in Brazil will be necessary the counting numbers of the company extracted from the annual accounting close of the Brazilian company, regularly as base date on 31/December of the previous year, with information such as asset, liability, net worth, among others.
Lack of presentation of information to the Central Bank leads to impose fines that can vary between 25.000 BRL up to a maximum of 250.000 BRL, depending on the specific case.
That’s why we have this business service in Brazil and we know it’s very important to make the annual statement by all Brazilian entities with international investment or with partners and shareholders residing abroad.
General Data Protection Act in Brazil
In 2018, the General Data Protection Act was established in Brazil, whose validity became effective from 2020 and whose economic consequences have effect from August 2021.
That law has similarities with the European Data Protection Act (GDPR). Such as this, it’s about data protection and handling on people and companies, even in digital media. The Data Protection Act in Brazil was created with the main objective of protecting the fundamental rights of freedom and privacy.
It’s about a mandatory requirement in Brazil and the non-compliance of its decisions may lead to fines (apply as from August 2021) that can achieve representative figures, equivalent to 2% of the company revenues up to the limit of 50 million reais.
To avoid these problems and comply with the current regulations at any time, in UR Global we manage subsidiaries and offer business services the help the companies operating in Brazil to comply with the country’s laws at all times.
Studies on import, taxation and sales cost calculation in Brazil
Before starting to operate and internationalize your company in Brazil, it is vital to conduct a detailed previous study to know the taxation and correct calculation of sales cost of the product or service to gain success in the project.
UR Global has a specialized team to provide detailed studies to the companies with interest in marketing products or services in Brazil, such as:
- Analysis on tax impact
- Import costs
- Profit margin
- Any tax benefits
Among other aspects that can help the company to make the best decisions at the time of working in Brazil.
Other business services in Brazil
- Import cost studies by tariff rates
- Analysis of the Brazilian tax system
- Product analysis regarding any tax benefits
- Choice of localization, etc.