As part of a push to make the country more efficient and business-friendly, Brazil has made changes to a law governing limitadas, or limited liability companies.
Brazil has joined the growing list of countries that have recently passed legislation requiring investors to identify their ultimate beneficial owners (UBOs) and report that information to local authorities.
By Christina Caamano, Director of Advisory Services, Americas
By Rich de la Rosa, Director, Advisory Services, Americas
By Guilherme Cruz, In-Country Expert on Brazil
Did you know that more than a third of Fortune 500 companies directly invest in Brazil? With the world’s seventh-largest economy, an average GDP growth rate of more than 5 percent annually and the 11th largest export market for U.S. goods, it’s no surprise that companies planning an international expansion have the Latin American powerhouse in their crosshairs.