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What is an offshore company?

Offshores are companies or bank accounts opened in countries other than where the owner resides. These locations offer tax advantages and differentiated privacy policies to investors. Any entity, of a physical or legal nature, which fits within the laws of […]

STF wants law on inheritance abroad

The Brazilian Federal Supreme Court (STF) established a period of one year for the National Congress to issue supplementary law with general terms to calculate Tax on Mortis Causa Succession and Donation (ITCMD). At least three projects on inheritance abroad […]

STF authorizes leave favorable to single parents

The Federal Supreme Court (STF) allowed maternity leave of 180 days to a federal public servant who is a single father. The ministers bestowed on single fathers the same benefit that is accorded to mothers. Currently, the parental leave period […]

New law in Portugal makes citizenship easier for Brazilians

The Portuguese government has made changes to the Portuguese citizenship application process that will benefit Portuguese grandchildren and spouses. According to the Correio Braziliense portal, the change was expected since 2020, when the Portuguese Nationality Law was amended. Now, grandchildren […]

Do you know the B1 in lieu of H1B visa?

The B-1 in lieu of H-1B visa is an exception established in the U.S. Foreign Affairs Manual to address the need to send highly specialized employees to the U.S. in order to perform tasks specified in an agreement. Imagine a […]

Leveraging an E-2 Enterprise into an EB-5 Green Card

By: Chris Costa Many E-2 non-immigrant visa holders feel that obtaining permanent residence through their E-2 enterprise is unattainable due to the much higher investment amount required for a direct EB-5 immigrant visa petition. Many E-2 non-immigrant visa holders are […]

EB-5 Regional Center Program Authorization

The EB-5 Regional Center Program, which was suspended since June 30, 2021, will restart. The U.S. Congress included in the  government spending bill the authorization and reform of the EB-5 Regional Center Program, referred to as the “EB-5 Reform and […]

STF decisions approve the employment of legal entities

Recent STF decisions may increase the use of employment of legal entities organized by professionals who perform intellectual activities, earning high remuneration. According the information provided in the Valor Econômico portal, reporting judges are concluding that such practice is a […]

LGPD already shows return to companies

A trial held a few weeks ago drew much attention for involving the terms of the General Data Protection Law (LGPD). In the case, a consumer stated that their personal data had been shared without their authorization. As a result […]

The startup market’s great expectations for 2022

According to analysts, biotechs, fintechs and blockchain companies are the main highlights of the startup market for 2022. According to CNN Brasil article, Brazil registered around US$ 10 billion in investments in 2021, and ten more companies reached a valuation […]

H-1B Visa Season has began!

H-1B Visa is a nonimmigrant visa dedicated to specialized professionals who will be hired by US employers for local work. As an employment-based, H-1B visa requires a job offer of an US employer. The US Citizenship and Immigration Services (USCIS) […]

New Immigration Actions to Attract STEM Professionals

On January 21, 2022, the Biden-Harris Administration announced actions to attract global talent in the fields of science, technology, engineering, and mathematics (STEM) with the aim of strengthening the U.S. economy through innovation and job creation and increasing U.S. technological […]

More companies are adopting the ESG practic

The acronym ESG is becoming more prominent in companies’ daily businesses. But do you know what it stands for? It means environmental, social and governance, and represents a set of practices that aims at establishing if the operation of a […]

Immigration Updates

1. USCIS Extends Flexibility for Responding to Agency Requests In response to the COVID-19 pandemic, USCIS is extending the flexibility it announced on March 30, 2020, to help applicants, petitioners, and requestors who are responding to the following: Requests for […]

DHS Withdraws H-1B Selection Final Rule

The H-1B visa category is dedicated to specialized professionals who will be hired by US employers for local work. H-visas are nonimmigrant work visas and requires a job offer from an US employer, with a salary within market standards for […]

How to Renew your Green Card

The process to renew your Permanent Resident Card is done within 6 months of the expiration of the card. The Green Card renewal is done through form I-90, Application to Replace Permanent Resident Card. If the purpose of the application […]

K-1 Fiancé(e) Visa

The K-1 visa is a Nonimmigrant Visa intended for the Foreign National fiancé(e) to enter the United States and marry the U.S. Petitioner within 90 days of his/her arrival. This process is done through the form I-129F, Petition for Alien […]

Startups turn their gaze to new market

Due to the lack of opportunities for access to credit in large banks, Brazilian startups are turning their gaze to the corporate debt market. One example is the issuance of certificates of agribusiness and real estate receivables (CRIs and CRAs). […]

EXPATRIATION: Labor and Immigration Aspects

With global economies widely connected, Brazilian companies have been facing the difficulty in understanding, planning and establishing procedures for the expatriation of associates, whether due to the complexity of labor legislation on the topic, or due to the costs involved […]

Compliance in expatriation

With globalization, Brazilian companies are increasingly transferring their associates to affiliated companies abroad. In this sense, the expatriation procedure of Brazilian workers has also been gaining space in companies and is still a process that raises many doubts to HR […]

Current Outlook on US cryptocurrency taxation

Currently, the Internal Revenue Service (IRS) does not have an internal policy on the taxation of all cryptocurrencies per se, but rather on the so-called virtual currencies, which, according to the definition of IRS itself, are any representation of a […]

Labor Issues at The Federal Supreme Court

In August 2021, the Supreme Federal Court brought many expectancies regarding their judgment on labor matters in the Court. Issues such as the ultra-activity of collective regulations and the validity of a collective regulation that limits or restricts workers’ rights […]

Courts authorizes ISS payment requests

Some companies have succeeded in getting permission from the courts to collect a fixed amount of ISS, through a professional society, which are formed by a group of professionals who share a common function. According to Decree Law No. 406, […]

LGPD: Duration of penalties

Last August 1, 2021, the provisions of the General Data Protection Law (LGPD) on administrative penalties, which are applicable to data processing agents who commit violations of the rules provided for in the Law, entered into force. However, despite being […]

Text on profit taxation will be analysed by CARF

The Administrative Council of Tax Resources (Carf) will receive 45 texts for analysis in August. Among these, two summary proposals stand out, the first being on the taxation of profits in Brazil, despite the existence of an international treaty that […]

Agricultural Production grew by 10.9% in May

The Brazilian Industrial Production Index grew by 10.9% in May compared to the same month in 2020. It was a significant growth that made the index return to pre-pandemic levels. The data is calculated by the Agribusiness Studies Center of […]

U.S. IMMIGRATION: THE COVID-19 VISA BACKLOG

By Julia Alves e Louanni Cesário The COVID-19 pandemic has caused the immigrant visa and nonimmigrant visa issuances to meaningfully drop.  Immigrant and nonimmigrant Visa Backlog  The suspension of routine visa services and COVID-19 travel bans reduced immigrant visa issuances […]

The USA allows the entry of new visa categories

On the 27th of May 2021, the US State Department increased the list of National Interest Exception (NIE), allowing the entry of more categories of foreigners. The new determination extends the exception to foreigners with valid visas who qualify for […]

Taxation of income from Trusts abroad

By Adriana Lemos and Flavia Sobral The federal court of Sao Paulo, with a judgment rendered on December 18, 2020, decided that the beneficiaries must pay Income Tax (“IRPF”) on income originating from Trust abroad. A Trust is a legal […]

Drummond on America News program

Bruno Drummond, partner and founder of Drummond Advisors, gave an interview on income tax in the US for the journalist Mila Burns. The chat was featured on the America News program, on Globo Internacional channel, last Saturday (03/13).Check out the […]

Serie LLC: ¿es la opción correcta para su empresa?

Ventajas y desventajas de la Serie LLC [Spanish version] Artículo publicado en The balance small business POR JEAN MURRAY La serie LLC (series limited liability company o serie de compañías de responsabilidad limitada) es un concepto relativamente nuevo en el […]

Series LLC: Is it Right for Your Business?

Benefits and Drawbacks of the Series LLC Article published at The balance small business POR JEAN MURRAY The series LLC is a relatively new concept in business ownership, but the concept of multiple LLCs under one umbrella LLC has been around […]

PPP Loan 2: what you need to know

The United States Department of the Treasury reopened the Paycheck Protection Program (PPP) following new guidelines for the forgiviness small business loan program. Are you an entrepreneur in the US and have questions about it? Watch the video, presented by […]

What To Expect From Joe Biden’s Immigration Plan: Series

In his recent statements, the president Joe Biden has pledged to use the executive powers to reverse many of Trump’s most controversial Immigration actions. Pedro Drummond, partner at Drummond Advisors, and Louanni Cesario, Senior Associate from the Drummond’s Business Immigration […]

FATCA: Implications of banks in the USA

What are the implications for Brazilian banks in the USA? Watch the video and understand everything about FATCA ( Foreign Account Tax Compliance Act) and the impacts for Brazilian banks entering the North American market. Also learn which are the […]

Joe Biden Tax Plan: what is important to know

After the unfolding of the vote counting in the last American presidential elections, it appears that Joe Biden will start his term as President of the United States in January 2021. In this context, the country’s tax system is likely […]

Legal Framework for Startups goes to vote in Congress

By Fernanda Marques Presented by the Executive Branch on October 20, for approval by the Chamber of Deputies, the Complementary Bill 249/2020 (PL 249/20) establishes the legal framework for startups and innovative entrepreneurship in Brazil. PL 249/20 establishes principles and […]

Drummond on America News program

Do you want to know more about the challenges faced by Brazilians who decided to invest in their own company in the USA? Follow the report of the America News! Louanni Cesario, our senior lawyer responsible for the Business Immigration […]

Get ready for the new accounting rule

Drummond Advisors’ Tax Department has gathered information on the main tax measures published in recent weeks in Brazil that may affect you and your company. Check out: 1- Changes to the Foreign Trade Declaration – Siscoserv The deadlines for submitting […]

Tax aspects of cost-sharing agreements

By: Fernanda Marques On January 31, 2020, ruling n. 1401-004.049, of the 1st Judgment Section, of the 4th Chamber and 1st Ordinary Panel of the Administrative Council for Tax Appeals (CARF), was published, determining the incidence of withholding income tax […]

New Brazilian Franchise Law

Alissa Campos On December 26, 2019, a new franchise law was sanctioned in Brazil. Law no. 13.966 — which can be consulted in its Portuguese version here  — seeks to bring more clarity and security to the relation between the […]

EB-5 now 80% more expensive for investors

For a long time, we’ve been hearing talks about a possible change in the rules to apply to EB-5, as it allows for the possibility of obtaining the Green Card many people dream about. After years of the program’s existence, […]

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