The fintech sphere is quickly enlarging, and for those venturing into payment facilities, apprehending the legislative scheme for a Small Payment Institution (SPI) is crucial. This guide delves into the key aspects of SPIs, covering regulations, jurisdictional specifics, demands, advantages, and more. What Governs SPIs? The legislation of SPIs in the European Union falls under…
In the promptly transforming sphere of monetary facilities, Small Payment Institutions (SPI) play a progressively vital part, notably in Poland. As of January 17, 2025, small payment institutions functioning within the EU will be required to cope with the Digital Operational Resilience Act (DORA), which mandates a simplified ICT risk monitoring scheme. This is part…
In the world of virtual assets, the legislative sphere can often be complicated and ever-changing. For crypto financiers looking to expand their functions, apprehending local legislations is paramount. This region, with its strong monetary sector and business-friendly environment, has become a promising place for tokenized ventures, suggesting a strategic hub for commercials searching for a…
With the expanding popularity of e-cryptocurrencies, this direction has become one of the prime locations for establishing fund vehicles. Digital holdings are maturing into a crucial part of both conventional and specialised portfolios. In 2021, one-third of conventional fund vehicles ventured in digital holdings, and two-thirds planned to amplify their ventures in 2022. Notably, this…
An established and fully operational group specializing in the forex brokerage industry is now available for acquisition. This group includes multiple entities with financial licenses, a comprehensive online presence, and a complete infrastructure supporting marketing, sales, and customer service. The structure offers investors a turnkey solution with an extensive global reach. Key Details of Forex…
The Ready-Made company with AISP License holds an EU AISP (Account Information Service Provider) license issued by the Danish Financial Supervisory Authority, enabling it to provide account information services across the EU. EU Passporting: The license allows for passporting to all EU member states, providing extensive opportunities for expansion across Europe. Bank Account: The Company…
Overview EMI License in Georgia This company, licensed by the National Bank of Georgia since 2015, is a well-established provider in Georgia’s financial services market, known for a broad range of innovative payment solutions and extensive reach across the country. Key Services E-Money Issuing: Reliable electronic money issuance services. Multi-Currency E-Wallet & Account: Efficient fund…
Key Details of this Lithuanian VASP: Licensed VASP: Established in 2021 with full authorization from FNTT. Banking Setup: Active PSP account with a Lithuanian EMI for smooth operations, and a local bank account for tax and salary payments. Financial Stability: No loans or debts, in good standing, compliant with AML/KYC regulations. Legal and Operational Support:…
Zurich
+41 435 50 73 23Kyiv
+38 094 712 03 54London
+44 203 868 34 37Tallinn
+372 880 41 85Vilnius
+370 52 11 14 32New York
+1 (888) 647 05 40What is included:
Company type: Limited liability company (LTDA).
Cost: on request.
National Currency: Brazilian Real (BRL).
In Brazil, there are two main types of companies – a limited liability company (LTDA) and a joint stock company (SA). Branches and permanent establishments are not often used, as they can work in Brazil only by special ministerial decree.
Local companies pay taxes from their income within and beyond Brazil. Non-resident companies pay taxes on income from trading activities inside country via an agent or representative who is resident or has his permanent establishment.
Permanent establishments are except of taxes if the activity of foreign company is provided out of Brazil.
Income tax is levied on gross operating income. It consists of total revenue minus the cost of goods sold or services provided, minus expenses and losses that are defined by law.
There are two types of taxation for local companies. The “lucro real” and “lucro presumido” methods. The first is usual tax on income. The second is tax paying method that depends on prediction of expected income that should be subject to taxable income.
Both can be payed either quarterly or annually.
Qualified small enterprises with annual gross income not exceeding 4.8 million BRL can choose taxation in a simplified mode for income taxes, VAT, social taxes etc.
Company’s income tax is applied at a rate of 15%. From incomes more than 240,000 reals per year, entities pay an additional tax of 10%. Social security tax at 9% rate is additionally levied too. In total – 34%.
Brazil has vast regulation of profits from controlled foreign companies.
VAT is presented in the form of two taxes on federal and state level (IPI and ICMS). Export is exempt from these taxes.
The company is IPI payer in case of production and importation of goods with different rates depending on type of goods.
ICMS is used with a rate from 4% to 25% in case if company deals with goods’ importing and providing communication and transport services.
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The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.