Legal representative for South American companies
- For many South American jurisdictions, it is a statutory requirement for companies to maintain a permanent resident as a legal representative of the company. Some of these countries include Brazil, Mexico and Chile;
- Should our Clients have difficulties finding a resident representative of their own, Healy Consultants offers nominee representative services to meet local regulations. Our firm will provide a professional nominee to act as the passive legal representative for our Client’s company;
- Appointing Healy Consultants as resident representative in South America minimizes inconvenience for our Clients when we liaise with i) the tax authorities and other government bodies and ii) to open a corporate bank account. A legal representative will have the powers to complete this process without our Client needing to travel to meet the bank in person;
- Healy Consultants’ nominee officers will neither be bank signatories to the corporate bank account nor play an active role in our Client’s business. Healy Consultants officers will merely be the nominee of the company to fulfill local statutory requirements. Our Client is solely responsible for daily business activities and solely responsible for corporate bank account activity;
- Healy Consultants rarely signs business contracts on behalf of our Client’s company;
- Our fees for professional nominee vary per jurisdiction and range from US$8,800 to US$14,500 per annum:
Legal representative Fees US$
Country Fees US$ Mexico 8,800 Brazil 14,500 Chile 12,000 Venezuela 4,800
- If our Client requires other professional nominee services refer to our nominee shareholders and directors page for further information and fees.
Frequently asked questions
Can Healy Consultants assist me with assigning a legal resident representative for my Mexican company?Yes, Healy Consultants would be pleased to assist our Clients with assigning a legal representative for their Mexican company. Our fee for this service is US$8,800.
What is the minimum qualifications required for a legal resident representative for a Chilean company?The legal representative can be a foreign citizen but must be a permanent resident in Chile. They need not be a lawyer or an accountant.
How can I guarantee that the legal resident representative for my Brazilian company will not abuse his powers?For our Client’s Brazilian company, Healy Consultants will draft a company M&AA and other contracts to ensure that the authority provided to the legal representative is sufficient enough to deal with immediate corporate concerns yet within the limits our Client desire.
Will I be provided information about my South American legal representative?Yes, Healy Consultants will provide our Clients with the legal representative’s due diligence documents including i) copy of passport ii) proof of address iii) CV and iv) reference letter. If our Clients wish to interact with the representative, we would be pleased to arrange an in-person meeting, Skype or phone call.