If you are interested in starting a business in Brazil, or already operating in Latin America’s largest economy, you will need to have a good corporate attorney. Your lawyer in Brazil will play an important part in ensuring you are in compliance with Brazilian laws. He or she can also offer valuable advice and insight which could be very useful in the launch and continued operation of your business.
Known as ‘The Giant of South America’ because of its geographic and economic might, the country registered a gross domestic product (GDP) of $1.44 trillion in 2020 — even despite significant turmoil caused by the global COVID-19 pandemic.
Brazil was also included in that same year. registered a gross national income (GNI) of $7,850 per capita — placing the country as an upper-middle income nation by standards established by the World Bank.
Brazil, with a population of more than 210 millions, is the sixth-most populous country in world. It offers a steady supply of workers for investors and businesses.
This includes a large, fast-growing middle class with a large, professional services industry concentrated within larger urban areas like Rio de Janeiro and Sao Paulo. This means that there are many options when it comes to finding a Brazilian lawyer.
However, the country falls in the mid-range of English proficiencyYou will be able to communicate in English and any other language, even if you don’t speak Portuguese as well as other countries in the region.
Except for Chile and Ecuador all of South America share a border to Brazil, which is a founding country. the Southern Common Market (Mercosur) — a 30-year-old economic integration initiativeThis includes Uruguay, Argentina, Paraguay and Uruguay. Bolivia is still awaiting acceptance as a member.
Brazil is a world-famous producer of primary and agricultural materials. It also has significant oil reserves.
All of this contributes to the country being a popular place for investment. In 2020, foreign direct investment (FDI). standing at $69.2 billion — the fourth-highest inflow registered globally.
Notably, FDI as a % of GDP has steadily increased — albeit with significant fluctuations — over recent years, highlighting the growing interest of the investment community in the country.
That saw FDI total 3.68% of GDP in 2019Having been 1.81% and just 0.63% respectively in 2003.
How can a Brazilian corporate lawyer ensure success?
A reliable and well-established corporate attorney in Brazil will help you to navigate the country’s regulatory regime, offering guaranteed compliance with employment law, labor law, corporate law, and any other specific legal codes related to your business activity.
Your lawyer in Brazil will have a great influence on your standing before the local authorities. They will also play a crucial role in maintaining your market respect.
Your Brazilian attorney can also help you with tedious tasks like drafting and completing documents, including contracts, and other legal documents.
Your lawyer in Brazil will also engage with clients and authorities to support your business.
They will also be able to offer you important advice, such as what type of legal structure in BrazilWhich will best suit your needs when you go through? company formation.
What will your Brazilian attorney do for you?
A good Brazilian corporate lawyer can provide the following benefits to you:
Expert adviceYour attorney in Brazil will have a solid understanding of standard legal codes that relate to investment and doing businesses. However, they will also be able help you navigate more specialized areas such as mining law or laws related the oil industry.
Make valuable business connectionsYour lawyer in Brazil will have strong connections and a track record in the local markets. This will be a great asset for market entry and ongoing operations. This could be potential clients, partners or other contacts depending on your commercial needs.
Intellectual property protectionYour Brazilian attorney will have the knowledge and experience to ensure that your intellectual property is protected. This will guarantee you a competitive edge on the market.
Tax management advice: Brazil’s tax system can be complex. Your Brazilian lawyer will be able help you navigate it.
What to look for when looking for a lawyer in Brazil
Voici certains aspects to be aware of when looking for an attorney Brazil.
Standing as a professional:You can be judged by the reputation and standing of your Brazilian lawyer. This is why you want to choose one that has a solid track record and a history with satisfied clients. It is a great way to get an idea of what you can expect from them by looking at the past client experience.
Legislative awareness: Brazilian regulations are subject to change like in any other country. It is important to work with an attorney who is aware of the upcoming and ongoing legislative changes.
Industry experience:You will want to work with an attorney who has experience in Brazil in a specific industry if you are looking to avoid common obstacles faced by investors in that sector.
Technological proficiency Even if you are not planning to be based there or are away frequently, it is a good idea to have a Brazilian attorney who is proficient in technology and can use online management tools to help you keep up with what they are doing.
Biz Latin Hub can be your corporate law firm in Brazil
Biz Latin Hub’s multilingual team is available at Biz Latin Hub legal services specialistsBrazil has the expertise and know-how to guarantee your success in launching or running a business.
We offer a comprehensive portfolio of back-office services, including company formation, accounting & taxation, hiring & PEO, and visa processing, meaning that we can offer a tailored package of integrated services to suit every need.
We have teams in 15 other Latin American and Caribbean markets. We are experts in multi-jurisdictional market entry and tax management.
If you need a corporate lawyer in Brazil, contact us todayWe would love to help you.
You can also read about our team and expert authors.