Brazil

Grimaldi Alliance operates in Brazil through the law firm Drummond Advisors.

 

Founded with the objective of meeting the needs of companies operating in Brazil and abroad, Drummond provides legal, tax and accounting advice for all international business. The multidisciplinary team provides a comprehensive view of the challenges involved in international transactions, ensuring strategic planning and risk mitigation.

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Belo Horizonte

Drummond

Av. do Contorno 10º andar 7069
MG 30110-043

San Paolo

Drummond

Rua Barão do Triunfo, 612 conj. 1309
São Paulo SP 04602-002 BRA

News from Brazil

Grimaldi Alliance

Knowledge Management

Apr 15 2025

Lens on Brazil

US TAX FORMS: WHICH ONES DOES YOUR COMPANY NEED TO SUBMIT?

Understanding and complying with tax obligations in the United States is fundamental to any company’s success and legal compliance. Below, we detail the main tax forms your company may need to submit, including descriptions, who must file and important dates.

CHECK IF YOUR COMPANY IS OBLIGED TO PRESENT THE ANNUAL REPORT

Property taxes in the US are one of the main sources of revenue for local governments in the United States, and are essential for funding public services such as education, infrastructure, security and health. In 2022, these taxes represented approximately 27.4% of total state and local tax collections, surpassing other sources of tax revenue.

NR-01: MENTAL HEALTH IN COMPANIES AND THE DEADLINE FOR COMPLIANCE

The recent update of Regulatory Standard No. 01 (NR-01), through MTE Ordinance No. 1,419 of August 28, 2024, brought important changes that directly impact companies in terms of Occupational Risk Management (ORM). One of the main changes is the obligation to include the management of psychosocial risks in the workplace, in the preparation and implementation of the Risk Management Program (PGR).

BRAZIL GROWS FOR THE 4TH CONSECUTIVE YEAR; GROWTH IN 2024 EXCEEDS FORECAST, HIGHLIGHTS PLANNING

Brazil's Gross Domestic Product (GDP) grew 0.2% in the fourth quarter of this year compared to the third and 3.4% in all of 2024 compared to 2023, the Brazilian Institute of Geography and Statistics (IBGE) reported this Friday (7/3). The Ministry of Planning and Budget assesses that the result was positive, “the fourth year of consecutive growth after the peak of the effects of the Covid-19 pandemic on the Brazilian economy and above market expectations at the beginning of 2024”, according to a note published by the Executive Secretariat.

BRAZIL CLOSES DEAL WITH VIETNAM AND OPENS MARKET FOR BEEF

President Luiz Inácio Lula da Silva announced the opening of the Vietnamese market for Brazilian beef. The agreement was signed during a state visit to Hanoi and is part of the 2025-2030 Action Plan of the Brazil-Vietnam Strategic Partnership, and is considered an important step forward to boost exports and attract investment to the agro-industrial sector.

BRAZIL WILL HAVE TWO MORE AIRLINES OPERATING IN 2025

Brazil will have two new airlines in operation this year: Avion Express and Total Linhas Aéreas. Both have obtained the Air Operator Certificate (COA) from the National Civil Aviation Agency (ANAC). The information was published by the IG portal.

STRIKE RAISES R$77 MILLION AND ARRIVES IN BRAZIL; SUSTINERI PISCIS RAISES R$9.39 MILLION: THE HIGHLIGHTS OF THE WEEK IN THE ECOSYSTEM

This week, we talked about the arrival in Brazil of Strike , a Uruguayan startup founded by "good hacker" Santiago Rosenblatt, which raised R$77 million in a Series A round and will use part of the capital to start operations here.

BRAZIL STANDS OUT IN THE GROWING GOVTECH MARKET

In terms of technological advances applied to the public sector, Brazil stands out as a protagonist in the GovTech ecosystem . Just like a gear that adjusts and evolves in response to the need for movement, the Brazilian market for technological solutions for governments has demonstrated accelerated and consistent growth, driven by a combination of internal and external factors.

Grimaldi Alliance

Knowledge Management

Mar 05 2025

BNDES and Finep Launch Strategic Public Call in Brazil

The Banco Nacional de Desenvolvimento Econômico e Social (BNDES), in collaboration with the Financier of Studies and Projects (Finep), has launched a public call for proposals to attract, establish, and expand Research, Technological Development, and Innovation (R&D&I) Centers in Brazil. This initiative is a key component of the "New Industry Brazil" strategy, a national policy aimed at fostering reindustrialization and technological advancement through six priority missions defined by the National Council for Industrial Development (CNDI).

Objectives

This public call seeks to enhance Brazil’s position as a center for scientific and technological development by promoting collaboration between public institutions, universities, research centers, and private enterprises. The program is designed to:

  • Drive research and technological innovation in key industrial sectors
  • Strengthen Brazil’s competitiveness in science and technology
  • Attract foreign investment in research and development
  • Support the development of advanced infrastructure
  • Foster the growth of highly skilled professionals in strategic areas

Eligibility

The call is open to:

  • Brazilian companies engaged in or planning to undertake R&D&I activities
  • Foreign companies interested in establishing or expanding R&D&I centers in Brazil, subject to legal and administrative formalization in the country

Scope of Eligible Projects

The initiative supports the creation and expansion of laboratories, pilot plants, demonstration facilities, and innovation hubs dedicated to research and technological development.

Minimum requirements for participation:

  • Physical infrastructure
    • New centers: Minimum area of 500 m²
    • Expansion projects: Minimum area of 250 m² or a 20% increase over existing facilities
  • Technical workforce
    • New centers: At least 50 employees, of whom at least 10 must hold a master’s or doctoral degree
    • Expansion projects: At least 25 employees, of whom at least 5 must hold a master’s or doctoral degree
  • Investment thresholds
    • Minimum R$10 million for centers in the North and Northeast regions
    • Minimum R$20 million for centers in other regions
  • Project implementation period: Up to 36 months

Funding and Strategic Impact

The initiative is supported by a total budget of R$3 billion, reinforcing Brazil’s commitment to technological advancement, industrial competitiveness, and economic development.

Application Process and Selection Criteria

  • Deadline for proposal submission: June 30, 2025
  • Evaluation criteria:
    • Alignment with the objectives of the public call
    • Financial capacity in relation to the proposed investments
    • Contribution to the New Industry Brazil policy and its strategic missions

Further Information

This initiative provides a significant opportunity for institutions seeking to play a leading role in Brazil’s technological and industrial development. By participating, organizations will contribute to the country’s innovation ecosystem and the expansion of its research infrastructure.

Public Call for selection of proposals for attracting, implementing or expanding research, technological development and innovation centers - english version

Public Call for selection of proposals for attracting, implementing or expanding research, technological development and innovation centers - Portuguese version

Grimaldi Alliance

Knowledge Management

Dec 10 2024

Lens on Brazil

Us tax planning: strategies for the end of the year

As we approach the end of the year, it’s crucial to consider various US Tax Planning strategies that could impact your tax return in April 2025. From buying a private plane to realizing gains or losses, these actions can help you optimize your tax situation.
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Donald Trum's victory: economic impacts in the U.S. and consequences for Brazil

Donald Trump’s victory for a new term as President of the United States brings profound implications for the global economy. Trump’s promises to implement protectionist measures, increase tariffs, and cut taxes, along with an aggressive stance toward trade partners, could have significant effects on both international markets and the Brazilian economy.
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USCIS Policy drive growth in stem and extraordinary ability VISA applications

USCIS introduced significant updates to its policy guidance, providing clearer pathways for STEM professionals (People who work in Science, Technology, Engineering, and Mathmatics) and extraordinary ability individuals to access U.S. immigration benefits.
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News from Brazil

Integration of startups from the north and northeast regions of Brazil stimulates local innovation ecosysytems

With the support of the Brazilian Trade and Investment Promotion Agency (ApexBrasil), startups from the North and Northeast regions are gaining prominence at Web Summit Lisboa , one of the largest technology events in the world.
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With a focus on the environment and society, Brazil takes 400 startups to Lisbon

Apex, Sebrae and the federal government double the participation of companies in the Web Summit.
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Brazil's GDP grows 0.9% in Q3 2024. as expected

Brazil's Gross Domestic Product (GDP) grew 0.9% in the third quarter of 2024 compared to the previous quarter, showing a slowdown compared to the 1.4% growth recorded in the second quarter.
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Latin American and Caribbean Countries discuss best practices in Digital Governance

Security mechanisms in the digital environment need to be as fast and creative as cybercriminals, in order to minimize risks to the provision of digital services by governments. Illegal practices that cross borders make partnerships between countries, as well as clearer and more efficient regulations, increasingly necessary.
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Petrobras and Bndes form partnership for restoration in the Amazon

An agreement for ecological restoration with job and income generation in the Legal Amazon was signed by the president of Petrobras, Magda Chambriard, and the president of the National Bank for Economic and Social Development (BNDES), Aloizio Mercadante. The protocol of intentions foresees an investment of R$100 million over the next five years, with R$50 million coming from the Amazon Fund.
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