Market entry with incorporation; Assumption of management

Initial Situation

A US company that operates globally decided to incorporate a Brazilian subsidiary to import products to Brazil and then open its own production unit in the country.

Service Provided

IL Management assumed both the management and the representation of the foreign shareholders, was responsible for opening a bank account, set up internet banking, coordinated the accountant's work from then on and assisted with contracting Brazilian staff. Any payments made via the bank account of the Brazilian subsidiary are always subject to receiving the corresponding instructions from the client.

Advantage

The company can focus on the planning and expansion of its Brazilian business. IL Management takes over all the administrative tasks of the Brazilian subsidiary, is a partner and representative of the client in Brazil and assists with conquering the Brazilian market.

Project Details

Year: 2018
Client: Industry from the USA
Branch: Mechanical Engineering
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