EUROPARTNER IS YOUR ONE-STOP-SHOP FOR COMPANY CREATION IN BRAZIL.
Opening a bank account in Brazil is one of the first steps after the company formation process. We take care of the opening of your legal entity’s bank account for you, so you don’t have to worry about this bureaucratic process.
A compulsory step to run a company in Brazil is to open a bank account in a Brazilian bank. The Legal Manager will be the master signatory. However, opening a bank account and managing transactions in Brazil can prove to be a hard work.
For that reason, Europartner has been developing a privileged relationship with most Brazilian banks for several years, and, as a result, has perfectly mastered the nuts and bolts of setting up bank accounts. This allows us to anticipate potential roadblocks, which a foreign investor can often face, and to provide a bank account within a short time frame.
When opening accounts, Europartner also manages online access and registrations with the Central Bank of Brazil (BACEN).
The statements to be made to the Central Bank of Brazil are as follows:
- statement of foreign financial flows, in particular:
- the capital invested in the Brazilian company, through the Declaratory Registry of Foreign Investments (RDE),
- contributions to the parent company’s checking account or loans, through the Registry of Financial Transactions (ROF);
- Economic and financial statement (DEF).
That annual statement is made in March by Brazilian companies with foreign capital. It is mainly about stating their own funds. It is no longer mandatory since 2021, but it is recommended to make it.
Foreign currency accounts
Brazilian banks offer to open dollar or euro bank accounts to offset exchange rate differences. This is particularly recommended to import and export companies or to companies operating internationally.
Tax impacts must be considered and Europartner will bring its experience to advise you.