Real Estate Regularization
Most Brazilians grew up hearing that investing in real estate is a safe way of protecting assets and earning income at the same time. If we consider that the Brazilian real estate market is one of the world’s largest, significant opportunities exist for attentive investors even in times of crisis. However, buying, selling, or maintaining […]
Central Bank simplifies access to financial information with unification of the Loan and Financing Report (SCR)
The Central Bank, through its Institutional Service Department (Deati), announced a significant update to the Loan and Financing Report (SCR), effective December 6th. Previously divided into summarized and detailed versions, the new layout presents a unified report, optimizing access to the most relevant information for citizens. Sirlene de Freitas, Analyst at Deati, justifies the change, […]
Regulatory Audit and the role of paralegals
Corporate paralegals play a key role in relation to regulatory audits, contributing in a variety of areas to ensure that a company complies with the regulations and laws that govern its industry. Below you will find a few ways through which corporate paralegals may contribute: 1. Collecting and Organizing Documents: A paralegal may be […]
Suspension of State Registrations – São Paulo State Revenue Office (SEFAZ-SP)
Throughout 2023, São Paulo State Revenue Office suspended thousands of State registrations of Value-Added Tax on the Circulation of Goods and Services (ICMS) taxpayers due to presumed inactivity. In addition, other taxpayers who received the tax visit and were not found, consequently, also had their registrations suspended due to non-location. Currently, SEFAZ-SP has […]
Repealed Rule referring to the Publication of Balance Sheets and Financial Statements for Large Limited Liability Companies
Recently, JUCESP Resolution No. 01/2022, already had its enforceability suspended by JUCESP Resolution No. 02 of 08.31.2022. Now, with the new Normative Administrative Rule JUCESP No. 29/2023, the obligation of “large” limited liability companies, headquartered in the State of São Paulo, to publish their balance sheets and financial statements is definitively excluded. Which companies […]
SISCOMEX RADAR: How to register your company?
The Radar (Registration and Tracking of the Performance of Customs Interveners) is the Brazilian Federal Revenue Service’s mandatory licensing system that verifies whether a company or individual has the technical and financial capacity to legally operate in import and export transactions in Brazil. Without it, expanding a business internationally is impossible. Who can be […]
What changes in the Foreign Exchange Market and in Foreign Credit and Foreign Direct Investment Transactions following the new law?
Law 14,286, enacted on December 29, 2021 (“Law 14,286/2021”), establishes, in article 5, item I, that it is the responsibility of the Central Bank of Brazil (BACEN) to regulate the foreign exchange market and its transactions and sets forth the types and characteristics of products, forms, limits, rates, terms and other conditions. The provisions of […]
5 Reasons to Hire a Paralegal
If you’re looking to optimize your legal team, increase productivity and focus on strategic activities, here are 5 reasons to hire a paralegal. This professional could be the missing piece to streamline bureaucratic processes and ensure legal compliance. The paralegal is the lawyer’s right-hand man, a professional with legal or accounting training who takes […]
