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Brazil Launches On-line System for Foreign Entities Requesting Branch Authorisations

The Brazilian government is now accepting on-line requests by foreign entities seeking an authorisation to open a branch in Brazil. The requests can be made through a legal representative via the GovBr web portal after completing the registration process, creating an account and sending the necessary documentation. If everything is in order, the foreign entity will be positively notified via the web portal and will have up to 60 days to submit the pending documentation.

Prior to this change, foreign entities were required to deliver two copies of the required documentation in person or by mail to the Ministry of Economy’s National Department of Business Registration and Integration. Brazilian authorities indicate that the new process will reduce bureaucracy and improve the overall business environment in Brazil.

Content provided by Picture: HKTDC Research
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