What does a corporate proxy do in Brazil and why does my company need one?

A corporate proxy is a legal representative appointed to act on behalf of foreign and Brazilian companies, ensuring compliance with local regulatory requirements. This professional is responsible for:

• Receiving judicial and administrative notices as well as formal communications on behalf of the company;
• Representing the company before regulatory authorities, such as the Federal Revenue of Brazil and the Central Bank;
• Ensuring that tax, corporate, and statutory obligations are properly maintained.