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International Desk

Opening of Accounts

Resident Companies (Local Currency)

Minimum documentation required (of the company)

  • CNPJ (local tax number of the company)
  • Memorandum of Association of the local company
  • Memorandum of Association of the parent company, translated and notarised (this document was necessary to obtain the CNPJ, only one copy is required)
  • Address in Brazil

NB. It is necessary to identify the beneficial owner of the company. If in the registration agreement the beneficiary is not identified (because belonging to another company), we will need the entire chain of Memoranda of Association up to the identification of the ultimate beneficiary.

NB2: The required forms may change over time, the most recent being attached.

Minimum documentation required (of the proxies and signatories)

  • Local administrator:
    • RG or RNE (DNI)
    • CPF (individual local tax number)
    • Document confirming address (water, electricity or telephone bill)
    • Marriage certificates (if you are married with community of goods, the documents for the wife are also required)
  • The local director must complete and sign the form
  • Foreign shareholders must complete the form, but without the need for signature

Currency

BRL

Person responsible for the receipt of documents and supplementation of the file

  • Account Manager

Time (days) in which the account is operational*

  • A week

Is a local proxy required?

  • YES

Does the signature of the opening contract require physical presence? If the answer is NO, what are the alternatives?

  • No, but the signatory must be the proxy/local director
  • Dispatch of the contract by courier or equivalent

Other requirements/restrictions

  • Non resident foreign shareholders have no powers and no signature rights

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Resident Companies (Foreign Currency)

Minimum documentation required (of the company)

There are no foreign currency accounts

Minimum documentation required (of the proxies and signatories)

Not Applicable

Currency

Not Applicable

Person responsible for the receipt of documents and supplementation of the file

Not Applicable

Time (days) in which the account is operational*

Not Applicable

Is a local proxy required

Not Applicable

Does the signature of the opening contract require physical presence? If the answer is NO, what are the alternatives?

Not Applicable

Other requirements/restrictions

Not Applicable

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NON-Resident Companies

Minimum documentation required (of the company)

There are no non-resident accounts

Minimum documentation required (of the proxies and signatories)

Not Applicable

Currency

Not Applicable

Person responsible for the receipt of documents and supplementation of the file

Not Applicable

Time (days) in which the account is operational*

Not Applicable

Does the signature of the opening contract require physical presence? If the answer is NO, what are the alternatives?

Not Applicable

Other requirements/restrictions

Not Applicable

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