Investor Presentaiton
Introduction
Acting internationally is not only offering a good product, adequate
price and efficient logistics. The need to have or not a formal
company, configured in which model of company, and the possibilities
of partnerships, associations or formation of joint ventures are
fundamental steps to the beginning of any undertaking. Likewise, not
knowing the taxation to which one is subject in the desired country can
make a business unfeasible.
Brazil and Canada allow different configurations of companies, according
to each type of activity, whether for foreign companies to form subsidiaries,
local or mixed firms. The procedures to make them official vary. In Brazil,
for example, simple companies must be formalized in the Civil Registry
Office, and corporations, in the Board of Trade.
In Canada, some conditions and processes may be different in certain
provinces. Federal and provincial companies are created by registering
the articles of association with the appropriate governmental authorities
in each case, and the process is fast (24 hours).
In terms of taxation to which these ventures are subject, the variants
are larger. Both countries have burdens in the different spheres of
public administration. In Brazil, attention is needed with the complex
tax system. In Canada, it is worth paying attention, for example, to
Foreign Tax Credits, instituted with the objective of mitigating the
effects of double taxation.
At the request of the Legal Affairs Committee of the Chamber of
Commerce Brazil-Canada (CCBC), law firms Perrotti e Barrueco
Advogados Associados (Brazilian) and Fasken Martineau (Canadian)
clarified the main points of the corporate constitution and taxation
of their countries.View entire presentation