Power of Attorney and Legal Representation

Foreign shareholders are required to maintain a resident attorney-in-fact in Brazil. The role is not merely formal: it involves legal duties and potential liability within the limits of the power of attorney and applicable law, as well as receiving official communications and signing expressly authorized documents.

What it solves

Absence of a credible local representative for foreign shareholders Risk of missing official notices, fines, and default judgments Overbroad, outdated, or fragmented powers of attorney

Why it matters

A reliable representative is the difference between a governed Brazilian structure and an exposed one. Notices and summons in Brazil are subject to specific deadlines. Failure to respond may result in missed deadlines, default, preclusion, or other adverse legal effects, as the case may be.

What Global Bridge does

  • We act as attorneys-in-fact for non-resident shareholders before the Federal Revenue Authority, the Central Bank of Brazil, and the Commercial Registries
  • We receive judicial and administrative notices and coordinate their timely forwarding to headquarters and legal counsel
  • We maintain documented records of powers, scope, term, and renewal cycle
  • We coordinate, depending on the country of origin and the nature of the document, the applicable notarization, apostille, or consular legalization procedures and the respective sworn translation

Typical situations

  1. Foreign holding company with a Brazilian subsidiary and no resident representative
  2. Investment vehicle holding equity interests, real estate, or financial assets in Brazil
  3. Foreign individual shareholder of a Brazilian Ltda. or S.A.
  4. Inherited power of attorney from a previous provider that needs to be reviewed and replaced

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Commitment

Discuss the right mix of practices for your Brazilian organization.

Most engagements begin with representation and governance and then expand to operational coordination. We’ll recommend only what your situation truly requires.

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This website provides general information about Global Bridge's services and does not constitute legal, tax, or accounting advice.