Legal duties of a foreign officer of a Brazilian company

Summary

A foreign officer needs a Brazilian CPF, an appropriate visa when resident or a resident attorney-in-fact when nonresident. Personal liability may arise from willful misconduct or acts that violate the law or the company's organizational documents.

Serving as a nonresident officer

Brazilian law permits a nonresident officer, provided the individual has a CPF and appoints a resident attorney-in-fact with powers to receive service of process and administrative notices.

Frequently asked questions

Can a foreign officer be personally liable with their own assets?

Only in specific circumstances, including fraud, willful misconduct, violation of law or the organizational documents, and certain tax and employment-law situations.