Automatic Corporate Registration In Brazil - PM 876/2019

NEW AUTOMATIC CORPORATE REGISTRATION SCHEME FOR THE INCORPORATION OF LIMITED LIABILITY COMPANIES AND LIMITED LIABILITY SOLE PROPRIETORSHIP ENTITIES (Eirelis), AS WELL AS FOR THE ENROLLMENT OF SOLE PROPRIETORSHIPS

Provisional Measure 876/2019 ("PM 876/2019"), published in the Brazilian Official Gazette on March 14, 2019, amended some provisions of Law n. 8,934/19994 ("Corporate Registry Law") (a) to create a special regime for the incorporation of certain corporate entities and registration of sole proprietorships and (b) to provide for document authentication by lawyers and accountants in lieu of a certification by a notary.

A. Automatic registration – Incorporation of Limitadas, EIRELIs and Sole Proprietorships