ADMINISTRATION OF FOREIGN COMPANIES

In some specific situations, it is necessary for already operating subsidiaries, to take specific strategic measures to overcome a critical period for the company.

 

That can happen:
 

  • At the beginning of operations, when there is a need to focus on the commercial activities of the company.

  • At the time of implementation of a new market strategy.

  • As a result of a new market reality that requires a restructuring of the company, including downsizing or even closure of operations.
     

In these cases, we offer administrative support, acting as a back-office and assuming the legal representation of the subsidiary.

Administration of subsidiary
We assume legal responsibility for the Brazilian subsidiary by appointing a representative of the shareholders, and the administrator indicated in the articles of association.

Financial Administration

  • Management of bank account transactions.

  • Preparation of reports and financial controls established by the head office. 

  • Monitoring of fiscal and administrative matters following current legislation.
     

Human Resources Administration

  • Payment of salaries, benefits and social charges.

  • Ongoing accounting and administration of general expenses.

  • Ensuring and complying with legal requirements, e.g. holiday planning and health insurance.
     

Additional administrative support

In addition to routine administrative services, we can support and coordinate specific tasks as needed or requested. We have partnerships with several service providers with international experience meeting the most diverse demands of our clients.

Closing down a subsidiary

Sometimes, an adverse situation leads the headquarters to decide to leave the market and liquidate its subsidiary. In these cases, we also support the client with our administrative services and the necessary mandates during the downsizing period until the company is ready to close.

The following legal positions are mandatory for the liquidation of a subsidiary and must be defined in the statutes and recorded in the commercial register:

  • The attorney authorized by the foreign shareholder, who by resolution submits the dissolution of the subsidiary to the local tax authority.

  • The liquidator, appointed by the shareholders, is authorized to close the company's liabilities, convert the company's assets into cash and close the company at the government authorities. Besides, he must keep the company's books for at least five years and represent the company before the Federal Revenue Service and the Ministry of Labor.