Quote:
Originally Posted by RalphJ
Shawn;
I think that most of us here are aware of being able to open up a brazilian business.....BUT, one MUST have a brazilian, or someone with a permanent visa, in that business and with some kind of percentage....even if it's just .1%.
The kicker with those types of options is that the "legal" person assumes all final rights and responsibilities in respect to the other person in the business or on the account.
In other words, the legal person has all final say from a legal as well as fiscal standpoint even though he may only own .1% of the business or is listed on the account only so it can be opened for the others party's use that person is listed as the "primary" on the account or "administrador" in the business. And to say that the person without the RNE has to 100%, completely trust the other party named (brazilian or legal person in brazil) on the account or in the business can't be overstated enough!
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To open a Ltda company you DO need a business partner of any percentage but the partner does NOT need to be a Brazilian resident, can be anyone from anywhere. But a Ltda company needs a Administrator, a Adminstrator for a company in Brazil has to be a resident so UNTIL the business owner has the perminate visa or the RNE number in this case, the Ltda company needs to appoint a resident administrator atleast for temporary purposes. As Ralph correctly says the adminstrator can have full powers to the business account (although these powers can be limited if organised correctly by a contract).
But all this is aimed at the investment visa though. You can open a business account as a foreigner without a minimum $50K but of cause this also comes without a visa and RNE so the need for a Administrator perminately!!!!! and to move money to or from your personal account in the home country would be one hell of a hassel to say the least with a business account, with extra costs!!!
But to have a personal bank account as a non resident with an administator, well ive not heard of this done! Is it really advisable with the risks of having a resident with certain powers to your account? How can the administrator be limited to a individual bank account, i know how an administrator can be limited with a business acc but cant see it so easy for a personal acc?? tell us more???
How about opening a 'Poupanca' as a non resident instead and moving money that way from abroad with matching name accounts!
Regards
Paul