Operating Business

Learn how to open your company in the United States.

Check out some exclusive content from Drummond!

Want to live, work or travel to the USA?

Learn about the main visas.

Release: Comparative Guide CCPA, LGPD e GDPR

Want to know about the main data protection laws?

Accounting

Our team of accountants certified to practice in Brazil and in the United States will assist you with:

– Monthly Accounting – BR and USA

– Monthly reports

– Indicator Analysis

– Financial Statements

– IFRS and US GAAP accounting conversions

– Interim Accounting Services

– Outsourcing

Compliance

Our team of accountants and lawyers with extensive expertise in the global market will help you promote your company’s tax compliance in all countries where your company has operations.

Check out some of the tax obligations required for foreign companies in Brazil:

Final Beneficiary Statement

RDE-IED/RDE-ROF

DEF – Economic-Financial Statement

CBE – Declaration of Brazilian Capitals Abroad

Declaration of Resources in Foreign Currency Resulting from Export Receipts (DEREX)

Foreign Investments Country-by-Country Declaration (DPP)

Consolidation

We offer accounting consolidation solutions.

Among the financial statements that are part of our portfolio, we can highlight:

  • Fiscal Year Income Statement (DRE)
  • Cash Flow (DFC)
  • Balance Sheet (PR)

Consolidation is essential for financial groups to maintain Corporate Governance and attract more capital.

Global Mobility

By definition, global mobility is a function that refers to the ability of a multinational corporation to move its personnel to offices in different countries. It involves all the actions for the smooth and painless relocation of a talent.

Our solutions at Global Mobility:

  • Expatriation Planning
  • Global Mobility ManagementExpatriation Policies and Expatriation Contracts
  • Labor and Social Security Consulting
  • Visas (inbound and outbound)
  • Tax Planning

Structure

Choosing the corporate structure is one of the first decisions you must make when starting a new business in the United States.

There are four most common structures, each with its own specificities and advantages:

Limited Partnership

Corporation

Limited Liability Corporation

Limited Liability Partnership

At Drummond we have qualified professionals to identify and apply the most indica structure for your company.

Offshore Compliance

There are some tax obligations that must be met in order to keep offshorecompany compliance up to date.

Drummond has expertise in all the essential declarations for the tax compliance of an offshore operation:

USA

W8 Form – must be submitted to the IRS

Offshores

Economic Substance Test – In case of offshoresthat are active and operating in the Bahamasand British Virgin Islands

Financial Statements

Brasil

DCBE (Declaration of Brazilian Capitals Abroad)

IR (Income Tax)

Payment of Taxes

Planning

An international operation is necessarily subject to at least two different tax regulations.

With a well-executed international tax planning the company succeeds:

  • Reduce costs
  • Avoiding mistakes
  • Guide future company decisions
  • Enhance results and minimize risks
  • Improve the use of resources for productive causes
  • Relieving tax liabilities
  • Reduce litigation

At Drummond we have a team specialized in Tax Planning that has performed more than 400 plans for global clients.

Global Payroll

Drummond provides payrollservices.

Check out some of our solutions below:

  • Monthly salary processing and calculation (CLT, interns and partners through Pro-Labore).
  • Calculation of labor charges (INSS, FGTS and IRRF).
  • Admission process for registration for social security purposes with the federal agencies.
  • Elaboration of labor contracts.
  • Termination of employment contract: calculation of vacation, 13th salary, INSS, FGTS for termination purposes, as well as all communication for social security purposes.

Global Visas

Our team of immigration lawyers has professionals qualified to practice in Brazil and in the United States.

We work with several types of visas, among them we can highlight:

  • L1 visa for executive and managerial transferees
  • H1-B visa for skilled employees
  • EB-5 visa for those who intend to invest in the USA.
  • Possibility of permanent residency in the USA with the issuance of a green card
  • For citizens with dual citizenship (Italian, Spanish and German, for example), the E2 visa.

Transfer Price

At Drummond Advisors we offer transfer pricing consulting solutions.

  • Transfer pricing acts as a price limiter in operations, avoiding the undue decrease of taxable income
  • Prevents values related to transactions controlled by the same economic group from being artificially stipulated
  • Identifies the controls that act on commercial or financial transactions carried out between parties based in different countries
  • It is important for the internal resource management of a corporate group

International Tax Planning

An international operation is necessarily subject to at least two different tax regulations. When it comes to Brazil and the United States, the laws, rules, and regulations of the most varied inspection bodies in both countries apply. Thus, questions about transfer pricing, profit distribution, capital gains, and consolidation of accounting reports become central to the strategy of organizations.

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