Entrepreneurs aiming to invest in Brazil must familiarize themselves with the Brazilian legal practice and legal landscape, which controls the day-to-day activities of businesses. From the complex civil law concepts to strict government regulations, a foreign investor seeking to invest in Brazil can easily get lost. Foreign Investors should consider enlisting the professional guidance of experienced business litigators in Brazil like Ricardo Tosto.
A few things to know about Brazilian legal structure
Codified System: A wide range of statutes and laws govern each sector in Brazil. For instance, there is a civil code, criminal code, commercial law, and tax act. Government legislators are responsible for drafting and implementing laws.
Corporate Taxes: In Brazil, organizations pay taxes at every level of the government, starting from federal, state, to municipal. Main business taxation include production taxes, taxes on earnings, financial transaction taxes, consumption and transactions taxes, and import taxes. It is imperative for both foreign and local entrepreneurs to consider all legal factors when coming up with business strategies in Brazil. Investors should obtain the required documents before setting up their business. Collaborating with a Brazilian lawyer can help investors navigate through the onerous government restrictions.
Ricardo Tosto has a unique record of success as a strategist and an attorney in the Brazilian legal community. He built his successful legal empire out of a small office. He is a co-founder, chairperson, and senior partner at the Leite, Tosto e Barros Advogados. His 22 years of legal practice has focused on business law, credit recovery, international law, banking, M&A and corporate restructuring. Ricardo Tosto boasts admirable academic credentials. His LLB is from Brazilian-based Universidade Presbiteriana Mackenzie while his MBA is from FAAP.
Several law firms and professional associations have recognized Tosto’s role in redefining the legal sector of Brazil and have elected him into their executive committees. For instance, he is instrumental in overseeing the strategic direction of Law Firms and Partnerships Research Center, the International Bar Association, and the high-status Brazilian Bar Association. Ricardo Tosto addresses legal issues in most of his reviews and articles. He has attended many global events and seminars as a guest speaker.