1. BUSINESS IN BRAZIL

2. Foreign Capital Must be registered at Central Bank No limit on time or amount for repatriation No taxes on capital repatriated Subject to Capital Gains Tax

3. Remittance of Profits No limit on time or amount for repatriation of profits Corporate Tax 15% Profits can be reinvested as foreign capital

4. Limited Company liabilities are limited to the total amount of company capital at least two partners partners need not be residents no minimum capital requirement management functions carried out by individual resident in Brazil Articles of Association can reserve main acts for the partners

5. Basic Documents to Start a Company Formation Power of Attorney legalised at the Brazilian Consulate. A company should bring Articles of Incorporation passport Individuals should bring identification such as passport and birth certificate. It is recemmended to ring the consulate.

6. Definition of Articles of Association name name and particulars of each partner headquarters core activities nominees amount of capital division of capital management management powers provision for liquidation and closure profit destination provision for replacement of partners Jurisdiction

7. Basic Procedures Articles of Association Translation of foreign documents Register the Company with the Board of Trade Obtain Federal Tax Code Obtain Governmental authorizathions Central Bank Registration Bank account Deposit capital.