Do You Want to Open a Charitable Organization in Brazil?
Since the beginning of the 1990s, Brazil has welcomed foreign investors. This indicates that the needs of an incoming enterprise are well understood by both commercial and public service providers.
Prospective investors frequently employ a private sector service provider that can take care of all their legal and logistical needs, from company registration to access to financial resources to personnel hiring.
Nowadays, it is common for different companies to grow into foreign markets. A multifaceted strategy that has been consistently applied over time is entering global marketplaces.
The same long-term goals that drive corporations to enter domestic markets also drive them into overseas markets. For instance, one person would seek out new challenges while another might perceive profitable opportunities in unfamiliar places.
However, it provides the business with a host of benefits. Bernard de Laguiche, who is also a businessman offers help to any enterprise to open a business in any outside country.
The problem of a non-profit functioning in another nation is quite complicated. It may include several governmental organizations and be full of traps that can only be avoided if you are aware of the rules. Understanding the regulations is crucial if you operate abroad like many of our clients do.
Registration of non-profit organization in Brazil
Under Brazilian law, there are two (two) primary institutional configurations for non-profit organizations: private foundations or non-profit associations. A charitable organization may come under a non-profit association.
The non-profit association is created by the desire of a group of entities or individuals united by a common social goal, whereas the foundation is created from assets designated by an individual or legal body for social objectives.
The Brazilian Constitution and Civil Code include the general terms and conditions of an association. The Association is defined as a group of individuals who have come together for a legitimate non-economic purpose.
The State is prohibited from interfering with the Association’s operations and no authorization of any kind is required for it to be organized.
To establish itself as a private legal entity, the Association must register its Articles of Organization with the Civil Register of Legal Entities. The primary characteristics of the Association are outlined in the Articles of Organization, including:
- The name and purposes of the corporate, and address of the Association
- All the necessities for the admission, dismissal, and also exclusion of associates
- The entire rights and duties of the associates along with the sources of all the funds needed for its maintenance
- The means of the constitution and also functioning of its management as well as deliberative boards
- The conditions to modify the Articles of Organization
- The conditions required for the closure of the Association.
The Foundation is a non-profit private legal body controlled by the Civil Code, where the Foundation is defined as the total amount of assets assigned for social objectives.
The founding member(s) must gift free and unencumbered assets by will or public deed in order to establish a foundation.
The aims of the Foundation must be of a religious, moral, cultural, or social help nature in line with the legislation, and these purposes must be specified in the donation.