Auxadi Brazil
With a population of 211 million, Brazil is the leading economy country in Latin America. Its market size alone makes it an attractive destination for businesses looking to expand and is one of the top foreign investment destinations for Spanish people.
With a strategic position which simplifies access to Latin and South America, excellent value on exchange rates, and a large reserve of labour, it’s easy to see why Brazil is the ninth most attractive country in the world for FDI and ranks first for FDI investment in the Latin America and Caribbean region. The government has furthered foreign investment with aid and tax exemptions, especially for exports, while Brazilian states have reduced their local taxes and offered logistical support to certain companies.
Over the last 15 years, the country has progressively removed barriers for business, deregulating sectors, providing aid, tax exemptions and reductions, and even offering logistical support to certain sectors. In addition, social measures have actively encouraged the growth of the middle class, boosting the already huge local market. The main economic areas are financial services, telecommunications, gas, commerce, mining and real estate.
However, the complex tax system, as well as the heavy and inflexible labour legislation, make it difficult to do business in the country, so having trusted and knowledgeable partners to support you in the region is essential.
Brazil
With a population of 211 million, Brazil is the leading economy country in Latin America. Its market size alone makes it an attractive destination for businesses looking to expand and is one of the top foreign investment destinations for Spanish people.
With a strategic position which simplifies access to Latin and South America, excellent value on exchange rates, and a large reserve of labour, it’s easy to see why Brazil is the ninth most attractive country in the world for FDI and ranks first for FDI investment in the Latin America and Caribbean region. The government has furthered foreign investment with aid and tax exemptions, especially for exports, while Brazilian states have reduced their local taxes and offered logistical support to certain companies.
Over the last 15 years, the country has progressively removed barriers for business, deregulating sectors, providing aid, tax exemptions and reductions, and even offering logistical support to certain sectors. In addition, social measures have actively encouraged the growth of the middle class, boosting the already huge local market. The main economic areas are financial services, telecommunications, gas, commerce, mining and real estate.
However, the complex tax system, as well as the heavy and inflexible labour legislation, make it difficult to do business in the country, so having trusted and knowledgeable partners to support you in the region is essential.
Why Auxadi is trusted as an expert outsourcing provider in Brazil
While the time it takes to open a business in Brazil is below the Latin American average, it can still take around 30 days, thanks to an expansive bureaucracy and rigid legislation. Non-resident partners must appoint a resident administrator and resident legal representative, and there are stringent rules around ultimate beneficial ownership.
While Brazil signed and adopted Hague Conventions in 2019, all documents must be translated into Portuguese and submissions from overseas are not permitted – all requests must be made directly to Brazil’s Central Authority, signed by them or a judge.
We have a team of experts in accounting, tax and payroll in Brazil to help make your life easier when you’re looking to grow and expand your business. From our office in São Paulo, we offer a fully outsourced solution, combined with our leading MySPV technology platform, to act as a seamless extension of your finance department.
Through a single-point-of-contact delivery model and our leading MySPV technology platform, we offer an unrivalled solution that can help you grow your business.
International Accounting, Tax and Payroll in 50 countries
Corporations
We can help you with your international expansion and we serve more than 600 clients across many different sections. We become an extension of your finance departments abroad and you can access the accounting information of all your international subsidiaries through a single portal, customised to meet your needs.
Funds
With nearly $7 billion of assets under management, we can take of the corporate management and SPV administration of your investment structures. Whether you’re creating a holding structure in Luxembourg or setting up a SPV in Europe and Latin America, we offer accounting, reporting, tax compliance and directorship solutions to help make your life easier.
Our services in Brazil
Accounting Specialists
Brazil has its own GAAP, based on IFRS – BRGAAP. Official books must be submitted electronically by an authorised accountant, who also must electronically sign the reports. There are strict rules for consolidated accounts, relevant at both investor and investment levels.
Keeping on top of Brazil’s accounting regulations can be challenging as the Central Bank of Brazil (BCB) is proactive in researching the accuracy and validity of companies’ financial reporting, Auxadi’s expert team are on hand to ensure you don’t fall foul to hefty fines for incorrect reporting or non-compliance.
Our accounting experts in Brazil offer:
- Accounting and bookkeeping
- Management accounting
- Statutory accounting
- Official Books and Annual Accounts
- Cash management (including payments)
- Reporting
- Consolidation of finanical statements
- Bank account tracking
- Treasury and cash flow forecasts
- Audit assistance
Tax Specialists
Differing tax regimes are often more challenging than any other component of international business, and the Brazilian tax system is one of the most complex in the world.
Taxes are set and adjusted at federal, state and municipal levels, presenting an undeniably challenging business environment. Companies can find themselves investing almost 2,000 hours per year to prepare, file and pay the required taxes.
Indeed, Brazil has over 90 different taxes in place – ranging from Federal Industrialised Products Tax, to the Municipal Services Tax – and rates can vary according to taxable income. In addition, Brazil applies a higher tax burden to imported products and services, and the country does not follow OECD transfer pricing guidelines.
We’re experts in international taxation and our tax team in São Paulo can help you navigate complex tax requirements and obligations in the region, using our purpose built tax automation technology.
- Tax compliance – covering multinational, federal, state, and municipal taxes
- Official Books and Annual Accounts
- Assistance with tax inspections and audits
- Tax reviews and claims
Payroll Specialists
Brazilian payroll can be a minefield. While tax requirements are in constant flux, the country’s social security, employment laws, benefits and bonuses, are all dictated at multiple levels of government – from local to federal.
Brazil’s labour market is heavily regulated and restrictive. There are limits on numbers of foreign workers, and social security payments are required from both company (26.8-28.8%) and employee (8-11%).
Speak to our experienced and knowledgeable Brazilian payroll specialists to help you manage your payroll function.
Monitor and manage your international subsidiaries with our MultiCountry online platform
Access our online platform that provides you with a global and harmonized view of the accounting of your international subsidiaries, with drill down functionality to check support documentation, such as: invoices, outstanding creditors, approve payment orders, manage the payroll processing cycle and so much more. Request a demo to see how our technology can help you.
Get access to Auxadi corporate materials and technical guides to know more about us.
Meet the team
André Ricardo Dannemann
Country Manager Brazil
Auxadi in Brazil
Conjunto 2914, Thera Office
Rua Paes Leme, 215- Pinheiros
São Paulo · SP · CEP 05424-150
Tel: + 55 113 0421 135
Count on our professional and extensive experience in the Brazilian market, for your investments in Brazil and elsewhere in Europe, the United States and Latin America.