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JUCESP authorizes non-resident foreigner to manage company in Brazil

July 15, 2024

At the end of last year, JUCESP authorized the registration of non-resident foreigners to manage companies in Brazil.

Although there has been legal provision since 2021 by Law 14,195, there is still some resistance to appointing these people as administrators, given the lack of updating of registration systems and the lack of knowledge of the process before the responsible bodies.

As particularities, we can list the need to issue a CPF for the non-resident foreign administrator and the appointment of an attorney in Brazil to represent him in citations with an additional period of 3 (three) years after the end of his term. Case published by Migalhas was worked on by Mazzucco & Mello Sociedade de Advogados and registered with JUCESP in September 2023.

If you have any questions about the matters covered in this publication, please contact any of the lawyers listed below or your usual Mazzucco&Mello contact.

Antonio Carlos Mazzucco

+55 11 3090-7302

antonio.mazzucco@br-mm.com

Fernanda Lazzarini

+55 11 3090-9195

fernanda.lazzarini@br-mm.com

This communication, which we believe may be of interest to our customers and friends of the company, is intended for general information only. It is not a complete analysis of the matters presented and should not be considered legal advice. In some jurisdictions, this may be considered lawyer advertising. Please see the company's privacy notice for more details.

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