ACCOUNTING SERVICES

EOR Services Include:

• Employer of Record in Brazil
• Full compliance with Brazilian labor laws (CLT)
• Payroll management and administration
• Employee onboarding and offboarding
• Health benefits management (medical & dental)
• Social security (INSS) compliance
• Taxation and compliance management
• 24/7 English-speaking support

ACCOUNTING AND FINANCIAL AUDITS

Regulatory or internal audit to verify the Financial Statements of your Brazilian subsidiary (Balance Sheet, Profit and Loss statements, Cash flow statements, statements of shareholders' equity). We apply international standards of audit and deliver consulting on top of regular audit work.

OTHERS AUDITS

Organizational Audit, Corporate Governance Audit, Contracts Audit, Procedures Diagnosis, Specific Audits tailored to your needs.

Comprehensive Audit Services:

• Accounting and Financial Audits
• Financial Due Diligence
• Vendor Due Diligence
• Organizational Audit
• Corporate Governance Audit
• Contracts Audit
• Procedures Diagnosis
• Risk assessment and management
• Regulatory compliance auditing
• Financial statement verification
• Internal control evaluation
• Transaction support services
• Specific Audits tailored to your needs

FOREIGN DIRECT INVESTMENT

Our expertise and experience in the area of international finance is a crucial part of BPC's overall value proposition. We provide technical and strategic support at each stage of the FDI process for the following:

CREDIT

Accessing credit is extremely difficult in Brazil even for well-established companies – and even then the big retail banks will normally dictate terms that are onerous at best. If you require access to credit our knowledge and relationships within the credit market can connect you to the most reliable and reasonable players here in Brazil.

International Finance Services:

• Foreign Direct Investment (RDE-IDE)
• Foreign Loans (RDE-ROF)
• Foreign Exchange (FX/Câmbio)
• Central Bank Compliance
• Credit Access and Facilitation
• Local Investment Optimization
• Banking Partner Relationships
• Cross-border Business Support
• Investment Platform Access
• Financial Market Expertise

PART-TIME CFO

Businesses require expertise and experience to drive profitable, sustainable growth. As your Part-time CFO, we identify new growth strategies and provide methods to reduce costs to improve your business' profitability, at a fraction of the cost of a full-time CFO.

BUDGETING AND BUDGET MONITORING

Budgeting helps you spend less than you earn. It shows you where your spending weaknesses are and provides the framework for strengthening those areas.

Your local CEO in Brazil cannot spend too much time on accounting and taxes. The CEO must develop the business; therefore, a Financial Consultant will be the best solution to get things done perfectly at a low cost.

MANAGEMENT CONTROL

BPC Partners advise companies in relation to their efforts in achieving their objectives and their strategic, financial and operational goals: risk management, business process analysis, optimization of the organization, development of management control indicators.

COST CUTTING

Cost cutting refers to measures implemented by a company to reduce its expenses and improve profitability. Cost cutting measures may include laying off employees, reducing employee pay, switching to less expensive employee health insurance, downsizing to a smaller office, lowering monthly bill amounts, changing working hours and restructuring debt.

Business and Financial Consulting Services:

• PART-TIME CFO
• BUDGETING AND BUDGET MONITORING
• ORGANIZATION
• MANAGEMENT CONTROL
• INTERNAL CONTROLS
• COST CUTTING

WHICH COMPANIES MUST ADOPT ACCOUNTING AUDIT SERVICES?

The following companies must submit their financial statements for review of independent auditors:

AUDIT SERVICES DELIVERED BY BPC PARTNERS

Complete Audit Services Portfolio:

• Accounting and financial audits
• Due diligence
• Organizational audit
• Corporate Governance Audit
• Agreements audit
• Procedures diagnosis
• Specific audits
• Regulatory compliance auditing
• Risk assessment and management

LEGAL REPRESENTATION OF STAKEHOLDERS, ATTORNEY-IN-FACT

When doing business in Brazil, a foreign company must permanently maintain a legal representative with powers to sign on behalf of the foreign partners, solve issues related to the business, respond in a legal capacity, and receive summons on behalf of the company overseas.

This appointed legal representative does not necessarily have to be a Brazilian, nor is a Brazilian partner required. However, if the legal representative is a foreigner he/she must be resident and domiciled in Brazil with a permanent visa.

LEGAL REPRESENTATION OF YOUR BRAZILIAN SUBSIDIARY

The Brazilian « Administrador »

The CEO/General Manager (Administrador in Portuguese) of your company must be an individual with permanent residence. We can take on this responsibility; however, it must remain non-operational. It can be short-term in case your soon to be CEO is in the process of getting a permanent visa, or long-term in case you do not have an expat to manage your local company and wish to have a trustworthy professional to control and secure your operations in Brazil.

The Administrador may be, but does not have to be a shareholder. The shareholders, who may attribute a specific designation to the Administrador, make his appointment. The manager's roles and responsibilities are set forth in applicable legislation and the company's articles of association.

Complete Legal Services Portfolio:

• LEGAL REPRESENTATION OF STAKEHOLDERS, ATTORNEY-IN-FACT
• LEGAL REPRESENTATION OF YOUR BRAZILIAN SUBSIDIARY
• LEGAL HEADQUARTERS FOR COMPANIES
• Corporate legal compliance
• Corporate governance support
• Regulatory compliance management
• Contract review and negotiation
• Legal risk assessment
• Brazilian Administrador services
• Prestigious business addresses

BOOKKEEPING

Production of monthly Financial Statements, according to the Brazilian standards and possibly the IFRS (only a very limited number of companies must apply IFRS in Brazil, however if you have significant operations in Brazil, you will apply IFRS to your local company).

TAX STATEMENTS

Regardless of your company's activity, you will need to issue various monthly tax statements. Federal taxes and ICMS are subject to monthly disclosures, failing to do so is sanctioned by fines. BPC Partners will take on that responsibility.

TAX CALCULATION (MONTHLY, QUARTERLY AND YEARLY)

Brazil is ranked among the top 10 most difficult tax systems. The first and most important tax decision you will make is selecting the correct tax regime (Real, Presumido or Simples). BPC Partners can help you with that.

PREPARATION OF OFFICIAL PERIODIC ACCOUNTS

The law requires the electronic filing of all accounting entries through a system called SPED. In addition, a yearly General Assembly within four months of the closing date is required.

FILING NECESSARY INFORMATION AND RECORDS WITH THE LOCAL AND FEDERAL AUTHORITIES

Among other things, financial statements and general ledgers will be signed by a qualified accountant and filed with the authorities.

Complete BPO Services Portfolio:

• BOOKKEEPING
• TAX STATEMENTS
• TAX CALCULATION (MONTHLY, QUARTERLY AND YEARLY)
• PAYROLL MANAGEMENT
• PREPARATION OF OFFICIAL PERIODIC ACCOUNTS
• REPORTING THROUGH YOUR GROUP TEMPLATE IN ENGLISH
• FILING NECESSARY INFORMATION AND RECORDS WITH THE LOCAL AND FEDERAL AUTHORITIES
• Monthly Financial Statements (Brazilian standards & IFRS)
• Tax regime selection assistance (Real, Presumido, Simples)
• Employee hiring and tax optimization
• SPED electronic filing compliance
• Qualified accountant services and authority filing