Companies registered in the United States must submit their Annual Report to maintain their registry active and to update the company’s data, avoiding fines and more severe penalties. The report must be submitted to the state government where the company is registered. In […]
Whoever has companies in Brazil and the United States should already be accustomed to paying attention to two fiscal calendars at the same time. However, with different dates for the submission of forms and declarations in both countries, it is […]
Individuals and legal entities who are domiciled in the United States or who are fiscal residents of the country and have a direct or indirect interest in financial accounts or financial applications outside the US need to be aware of another obligation due […]
Flexibilization is positive, but it is necessary to consider the fiscal and structural parts of the process Keeping an eye on the competitive growth of the financial sector and the reduction of the cost of credit, the government decreed, on […]
By Louanni Cesario and Ana Laura Castro The H1B visa is aimed at foreign professionals, more specifically, aimed at a specialized workforce which is not easily found in the USA, that is, graduated professionals with very specific experience in their […]
Last Thursday, the 31st, President Donald Trump extended until March 31st, 2021, the proclamation that affects the issuance of new work visas such as L, H and J at embassies and consulates, as well as consular interviews for green card […]
By Clara Couto and Fernanda Marques On the 1st of December 2020, the Ministry of Economy released Circular Letter SEI nº 4081/2020/ME, in response to the consultation carried out by the Commercial Board of the State of Sao Paolo (JUCESP), […]
By Laura Góes and Louanni Cesário 2020 was undoubtedly one of the most challenging years when it comes to immigration. With the advent of the COVID-19 pandemic and the everchanging worldwide scenario, new policies and proclamations were put in practice […]
By Louanni Cesario and Juliana Dias On January 20, 2021, the United States will welcome its 46th president, Joseph (“Joe”) Biden, and with that, a new proposed immigration policy. During his campaign, Biden proclaimed that “Immigration is essential to who […]
By Breno Torquato and Aline Moreira Following the analysis of the normative resolutions implemented after the new migration law came into force, in this article we will analyze RN 35/18, which regulates the granting of temporary visas and residence permits […]
By Fernanda Marques Brazilian notary public’s offices will now offer a new digital authentication system for documents, through E-notary site (https://cenad.e-notariado.org.br/autenticidade). Upon the receipt of the original document, the notaries can authenticate in PDF format, including an authentication stripe in […]
Second Panel of STF recognizes the possibility of approving a foreign sentence without the need for for summons by rogatory letter By Fernanda Marques and Marcella Reis In Brazilian law, procedural acts that go beyond national borders and that may […]
By Fernanda Marques Recently, the Central Bank of Brazil (BCB) and the National Monetary Council (CMN), have approved new rules in the implementation of a regulatory sandbox, and initiative which will permit entities to test innovative projects in the areas […]
By Camlia Cabral In August 2020, the National Monetary Council (“CMN”) published Resolution No. 4,852, bringing new rules to non-resident investors in the Brazilian capital market. Among other provisions, this Resolution assigned the Securities and Exchange Commission (“CVM”) to provide […]
By Fernanda Falconi On the 17th of November 2020, close to the payment of the first instalment of the 13th salary (A thirteenth salary, or end-of-year bonus, is an extra payment given to employees at the end of December), the […]
On the 4th of November, the Federal Supreme Court (STF) started a review of the taxation model on software licensing. Six of the nine ministers formed a majority with regards to the ISS levy, both for the so-called off-the-shelf software, […]
Fernanda Falconi talks about the latest information released by the Brazilian Federal Government in the Technical Note 51520 ME. Watch the video! If you have any questions, get in touch with us by email: info@drummondadvisors.com
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 […]
According to a public enquiry launched on November 12, the Central Bank (BC) intends to simplify the transfer of remittances abroad. According to the Central Bank, the proposal aims to modernize foreign exchange regulation, taking into account technological innovations aimed […]
If you have a Single-Member LLC (1 owner) that is foreign-owned, then you need to file Form 5472 and Form 1120 every year Article published at LLC University® A few important notes: 1. This article is written for non-U.S. residents […]
By Lucas Rodrigues Gotelip and Louanni Cesário The Department of Homeland Security (DHS) has recently decided to revoke or not renew over 1100 OPT permits for students in the United Sates, which has created much apprehension for international students the […]
By Breno Torquato e Aline Moreira With the coming into force of a new immigration law, the categories of visas and residence permits are now regulated by new standardized instructions, including the option for individual investors. The requirements for this […]
Last October, Joint Ordinances RFB / SEPRT nº 76 and 77 launched a new form for eSocial, the platform for information registration aimed at meeting labor, tax and social security obligations. Due to its complexity, owing to the quantity of […]
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 […]
The 2020 presidential election in the United States, which officially takes place next Tuesday, November 3, has already reached a record of early votes: about 70 million voters voted in advance this year. The number is equivalent to more than […]
Hello! Drummond Advisors is now a partner with NetSuite and is officially licensed to instal and manage NetSuite in Brazil and the United States. Don’t know what NetSuite is? NetSuite is a platform that offers tools to simplify global financial […]
The recently launched project aims to consider at least 10 startups with an estimated US$150 thousand of support for each According to its mission of being the most active micro venture capital in Latin America, Bossa Nova Investments, a manager […]
By Camila Cabral In August 2020, a new Complementary Law Project (“PLC” – n° 218/2020) was submitted that aims to create the Social Contribution on Digital Services (“CSSD”), whose use of resources would be a basic income program for the […]
By Ana Laura Castro, Ana Carolina Gorrera e Juliana Dias WHAT IS A GREENCARD A Green Card is an authorization to live in the United States that confers the status of permanent resident (“Lawful Permanent Resident” or “LPR”). In some […]
As announced on 16th, the United States Citizenship and Immigration Service (USCIS) has increased fees for Premium Processing, the service that allows for petitioners to have their petition processed in 15 days. The new rates are valid as of October […]
On the 24th of September, Supplementary Law 175/2020 was published which establishes rules for the collection of ISS with regards to services provided by the municipality where the consumer is located (destination), and no longer by the host city of […]
The pandemic has brought many changes to the Brazilian workplace and, every day, with these changes come more laws to allow it to adapt better to the actual reality facing Brazilian companies. In this context, on September 4, Joint Ordinance […]
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 […]
By Laura Góes and Louanni Cesário The B Visas are nonimmigrant visitor visas for persons who want to enter the United States temporarily for business (B-1), for pleasure (B-2), or a combination of both purposes (B-1/B-2). The Temporary Visitor for […]
With the Coronavirus pandemic, many citizens of other countries have remained stuck on US soil for long periods of time due to the flight restrictions and closing of some borders. However, these travel restrictions could result in an individual becoming […]
Signed in August 2018, Law nº 13.709, known as the General Personal Data Protection Law (LGPD), which regulates the use and storage of personal information, came into effect on the 18th of September 2020, after being signed off by the […]
In July, the Secretary of Social Security and Labor authorized, via Ordinance n 16.655, that companies that dismiss workers without just cause during the pandemic (edited through Legislative Decree No. 06 of 2020) as a result of the coronavirus, may […]
Did you know? Brazilians with dual nationality with countries such as Italy, Spain, Germany, Argentina and others can apply for an E-2 work visa, one of the fastest, simplest and cheapest ways to work in the USA. Take a look […]
News for you who are an entrepreneur in Brazil: on August 24th, Decree 10.470/20 extended the deadline for the suspension of employment contracts and proportional reduction of wages and hours due to the ongoing crisis. Initially, Provisional Measure 936, instituted […]
Published on the 27th of August by the National Monetary Council, Resolution nº 4852, has changed the application rules for non-resident investors in Brazilian financial and capital markets. These rules apply to individuals classified as “non-resident investors”, that is, those […]
On August 25th, the US Citizenship and Immigration Service (USCIS) announced it would be shutting down its administrative procedures, as a result of the dismissal, for an indefinite period of time, of about 13,000 of its employees (the “USCIS Administrative […]
One of the barriers to internationalization has just fallen: the Ministry of Economy announced, on Monday (17), the definitive shutdown of the Integrated System of Foreign Trade in Services, Intangibles and Other Operations that Produce Variations in Patrimony – Siscoserv. […]
By Fernanda Marques Hello! Another week with news for micro and small business owners. Supplementary Law No. 174/2020, published on August 5, authorized the extinction of tax credits calculated under the Simples Nacional regime, through the execution of a dispute settlement […]
If you have values of any nature outside of Brazil, stay tuned: in July, the National Monetary Council (CMN) approved two amendments that will simplify the rules for declarations made by foreigners who have deposit accounts in reais in Brazil […]
Law 14,030/20 was published on July 29, 2020. It extends the legal deadline for holding ordinary general meetings of shareholders or partners, limited companies, limited liability companies, cooperative companies and cooperative representation entities during the year 2020. The new rule […]
Good news for micro and small business owners in Brazil. The Federal Revenue informed last month that it will not exclude defaulting companies from Simples Nacional in 2020. The decision comes as a way to help small businesses affected by […]
Published in March, Provisional Measure 927, the first measure that provided for labor rules during the pandemic, lost its validity on July 19, 2020, after being withdrawn from the agenda by the Senate. The measure eased labor rules on remote […]
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 […]
On July 6, Federal Law No. 14,020/20 was signed. The law institutes the Emergency Program for Maintenance of Employment and Income and provides for complementary measures to deal with the public health emergency of international importance resulting from the coronavirus. […]
On July 1, 2020, Normative Instruction No. 81 of the National Department of Business Registration and Integration (Departamento Nacional de Registro Empresarial e Integração – DREI) came into force. The Normative Instruction updates and consolidates the rules applicable to the […]
On July 4, President Donald Trump signed the extension to the Paycheck Protection Program, which gives small businesses affected by the pandemic more time to apply for federal credit funds. The amendment extends the deadline for loan applications under the […]
Drummond Advisors professionals gathered the most frequently asked questions related to Executive Order no. 10,014, from April 22, 2020, extended on June 22, 2020 to December 31, 2020, which suspends the issuance of non-immigrant work visas in categories H-1B, H-2B, […]
Law No. 14,010/2020, published on June 12, 2020, establishes transitory and emergency rules for the regulation of private law legal relations due to the coronavirus pandemic (Covid-19). The new law contains important provisions on prescription and decay periods, and also […]
On June 22, 2020, the extension of Presidential Proclamation 10,014 of April 22, 2020 was published, temporarily suspending the issuance of non-immigrant work visas in categories H-1B, H-2B, J-1 and L, with some exceptions which will be explored below, for […]
In an effort to mitigate the obstacles caused by the Covid-19 crisis and ensure the proper maintenance of essential services, the National Council of Justice (Conselho Nacional de Justiça – CNJ) published provision No. 100/20, determining the nationwide practice of […]
On June 5, President Donald Trump signed the Payment Protection Program Flexibility Act (PPPFA). Aimed at providing assistance to small businesses in times of pandemic, the Paycheck Protection Program (PPP), created under the CARES Act, brought with it many questions […]
The U.S. Department of Health and Human Services (HHS) is responsible for managing the U.S. Exchange Visitor Program for health research and clinical care. This program accepts waiver requests from the two-year foreign residency requirement in cases of: Research carried out in an area […]
The U.S. Citizenship and Immigration Service (USCIS) announced on May 29, 2020, that it will gradually resume premium processing for some visas made via I-129 forms (non-immigrant worker) and some green cards made via forms I-140 (petition for permanent residence […]
Due to the growing number of coronavirus cases in Brazil and the United States, President Donald Trump decided to limit the entry of citizens, of any nationality, who were physically present in Brazil in the 14 days before entering the […]
Good news for micro and small business owners in Brazil. The impact of the pandemic that stopped the country and caused many to close their doors and suffer with the uncertainty of the coming days could be minimized with measures […]
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 […]
The US Customs and Border Protection Service (CBP) has announced that Visa Waiver Program travelers can request an additional 30-day extension of their admission period if they find themselves unable to leave the United States due to the new coronavirus […]
Released by President Donald Trump on April 22, the proclamation suspends for 60 days the entry of certain immigration applications into the United States. The measure goes into effect on Thursday (April 23) at 23:59 (ET) and is temporary (initially […]
The obligation applies to individuals and legal entities residing in Brazil and whose sum of assets abroad are equal to or greater than US$ 100,000. The deadline to submit the declaration began on February 15 and ends at 6 PM on June 1, 2020. […]
Under the terms of art. 1,078 of the Brazilian Civil Code and art. 132 of Law n. 6,404, popularly known as the “Business Corporations Law”, it is mandatory for corporations to hold an Annual General Meeting (AGM). Regularly, the meeting […]
On March 17, 2020, in face of the global crisis caused by the Covid-19 pandemic, the American government ordered the temporary closure of the U.S. Embassies and Consulates in Brazil. Such measure resulted in the suspension of face-to-face assistance, as […]
In view of the recent Coronavirus pandemic, the United States has announced several changes regarding immigration services across the country. With that in mind, Drummond Advisors presents a compilation of frequently asked questions about the current immigration scenario that can […]
On January 29, 2020, the USCIS (US Citizenship and Immigration Services) announced its new policy for Form I-526 (Immigrant Petition by Alien Investor), also known as the EB-5 green card, establishing relevant modifications to the processing of its analysis. Processing […]
On January 1st, 2020, the SECURE (Setting Every Community Up for Retirement Enhancement) bill came into force, which made extensive changes to the regulations on retirement assets. Approved by the Senate on December 19, 2019 and signed a day later […]
The H-1B visa, intended to fill technical positions with professionals who have a bachelor’s degree or higher, will undergo changes in the deadline and form of processing in 2020. From now on, H-1B visa applications must first be submitted through […]
Recent efforts to end the OPT program have been discussed in the media since last year. Actions promoted by entities and congress people contrary to the existence of the program worry foreign students throughout the country. The Optional Practical Training […]
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 […]
Data from the Open Doors report, released by the International Institute of Education (IIE) and the US Department of State, revealed that Brazil is 9th in the ranking of countries sending most students to the United States in the 2018/2019 […]
Brazil and the United States have taken the first step towards facilitating travelers’ entry into the United States. With the Global Entry program, frequent traveler to the U.S. will be able to enter the country using automatic kiosks and skipping […]
Breno Torquato The Brazilian Federal Supreme Court ruled, on November 7, 2019, by a narrow decision (6 votes in favor and 5 against), for revoking the possibility of arresting convicted defendants before all possible appeals are exhausted in court. Until […]
Published on November 12, 2019 in the Federal Official Gazette, Provisional Measure n. 905 establishes the Green and Yellow Labor Contract, changing labor legislation and bringing a series of facilitations to the entrepreneur. The new hiring modality aims to create […]
Pedro Drummond The Brazilian pension reform is finally approved and represents a major improvement to the economy. Cost of the public pension system is by far the most relevant factor in the public sector deficit, which in turn prevents the […]
Recently, United States Citizenship and Immigration Services director Ken Cuccinelli confirmed that he was, along with the Trump administration, increasing bureaucracy for US companies to hire foreign employees. According to USCIS own data, the H-1B (work visa for skilled professionals) […]
Marina Breves Besides the possibility of creating a Sociedade Limitada — the Brazilian version of a Limited Liability Company — by just one member (which was not a possibility before), the Economic Freedom Law (Lei da Liberdade Econômica, Law n° […]
On Oct. 4, US President Donald J. Trump issued a proclamation stating that visas will be denied to immigrants who do not have health insurance or the financial means to afford their own health. Under the new rule, the foreign […]
In accordance with Decree n. 58.701/2019 and Resolution 130/AMLURB/2019 of April 4, 2019, all companies based in São Paulo must register with the Waste Transport Control (Controle de Transporte de Resíduos – CTR-E). CTR-E is a monitoring and traceability system […]
On August 14 was published, in the Federal Register, changes in the US immigration regulations. Signed by President Trump, the new rule states that as of October 15 this year, US residency applications submitted by citizens who are likely to […]
The sale or exchange of virtual currencies by individuals or companies, in addition to use in exchange for goods or services or as an investment, generally has tax consequences that may lead to tax obligations. This month (August 2019), the […]
The US Congress recently opened a Senate discussion about delays in the process of immigration to the United States. In January this year, the American Immigration Lawyers Association (AILA) analyzed data from the United States Citizenship and Immigration Services (USCIS) […]
The United States Patent and Trademark Office (USPTO) recently announced a major change in the rules for applying for foreign trademark registration in the country. The change establishes that all foreign trademark applicants must be represented by a US licensed […]
Decree n. 9,904, signed by the Brazilian President on July 8, 2019, provides for the reduction to zero of the income tax rate on commissions paid by exporters to their agents abroad. As a result, Brazil is expected to increase its competitiveness […]
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, […]
By Pedro Drummond and Giulia Porto* One of the recommendations we give our clients at the beginning of the trademark registration process in the United States is to choose a name that avoids any controversy — that is, don’t use […]
Registering the name, colors and images of your company is an important step to protect it, especially if you have plans to explore the international market. This measure has just gained a push from the Brazilain government: with the country’s accession to the Madrid Protocol, the trademark […]
New rules for obtaining entry visas in the United States came into force on May 31. One of these new measures imposed by the US government is raising a lot of controversy: now, in addition to the usual documentation, you […]
If you are a member of a partnership or limited liability company and you fill out Form 1065 (Partnership Income Tax Return) annually, you must designate an individual or company to answer for the company in the United States. The […]
US Federal Revenue Service Re-evaluates Exemptions and Questions Brazilians Foreign students living in the United States can be classified as US tax residents and be in debt with the US Treasury. The alert is made by tax consultant Bruno Drummond […]
US Treasury now requires original signatures An important resource in tax planning for businesses in the United States may be getting a bit more difficult: it seems mandatory now to include original signatures (or signatures that are clearly not electronic […]
The deadline for submitting form BE-15 to the Bureau of Economic Affairs (BEA) is coming to an end. Learn more about it: Who should submit the BE-15 form? US companies that have one or more foreign partners (individuals or legal […]
New US Internal Revenue rule affects Brazilian entrepreneurs Brazilians who want to start a business in the United States need to be aware: the IRS has issued a new rule that can disrupt many people’s plans. The rule, which comes […]
Enrolling your children in a public school in the United States without them having the proper visa can bring serious consequences. That’s right: attending a public school using only a tourist visa (B-1/B-2) can result in the cancellation of said […]
Whoever left Brazil permanently or temporarily in the year 2018 — for whatever reason, such as work or study — must regularize their exit with the Federal Revenue Service. The first step is to send the Communication of Definitive Exit […]
Those who invest abroad must pay attention to the submission of the annual declaration of Brazilian Capitals Abroad (Capitais Brasileiros no Exterior –CBE). Individuals or companies residing in Brazil that on December 31, 2019 had at least the equivalent of US$ 100,000 in investments […]
The US government shutdown began on December 22, 2018 and shows no signs that it is nearing its end. With the deadlines for submitting important forms to the Internal Revenue Service (IRS) approaching, doubts about tax obligations, tax returns and […]
What is the new revenue recognition standard The Financial Accounting Standards Board (FASB) issued in 2014 , by means of the ASC 606 Revenue from Contract with Customers, a few norms and standards related to revenue recognition in accordance with […]