BRAZILIAN LIMITED COMPANY – Brief Overview for the Foreign Investor

The Brazilian limited liability company is similar to the limited liability companies found in the French, German, and Italian legislations. Limited Companies are treated as corporations for all legal and for most tax purposes in Brazil, with distribution of profits to local or foreign quotaholders being tax-exempt.  Once the company is formed, with its corporate tax number, it can acquire property (tangible or intangible) and open bank accounts and hire employees.