What does a corporate proxy do in Brazil and why does my company need one?

A corporate proxy is a legal representative appointed to act on behalf of foreign and Brazilian companies, supporting compliance with local regulatory requirements. This professional is responsible for:

• Receiving judicial and administrative notices as well as formal communications on behalf of the company;
• Representing the company before regulatory authorities, such as the Federal Revenue of Brazil and the Central Bank;
• Monitoring the proper fulfillment of tax, corporate, and statutory obligations.