Brazil, the largest country in South America, is blessed with abundant natural resources and a unique culture. In recent years, more and more businesses have chosen to do business in Brazil. Registering a Brazilian company is a necessary step for businesses that want to enter the Brazilian market. However, during the registration process, the company's shareholder directors need to meet certain requirements. This article will provide a detailed analysis of the requirements for shareholder directors to register a Brazilian company.
1. Shareholder requirements
1.Natural person shareholders: In Brazil, corporate shareholders can be natural persons from their home country or abroad. These natural persons may be sole proprietors, family members or other groups of natural persons. However, in order to ensure the transparency and credibility of the company, natural person shareholders are required to provide proof of identity and proof of domicile.
2.Foreign company shareholders: In some cases, a foreign company can also become a shareholder of a Brazilian company. This usually requires permission from the relevant Brazilian authorities. In addition, foreign companies need to provide their certificate of incorporation and articles of association to prove their legitimacy and business status.
2. Requirements for directors
1.Eligibility requirements: In Brazil, company directors must be at least 18 years old and have full capacity for civil conduct. In addition, they must not have a criminal record or be banned from practicing in Brazil**.
2.Residency requirements: In order to ensure directors' loyalty and accountability to the company, Brazil** requires that directors of a company must have a domicile or physical residence in Brazil. In addition, directors must provide proof of identity, proof of residence, and proof of occupation or business activity.
3.Foreign directors: In some cases, a foreigner can also become a director of a Brazilian company. However, they must meet certain conditions, such as having residency in Brazil or having actual business activities in Brazil. In addition, foreign directors must provide a passport and a valid visa in Brazil.
The above are the requirements for shareholders and directors of a company to register a company in Brazil. If you want to know more, please feel free to contact us!