Fostering Bilateral Trade and Investment Flows Between Brazil and Florida

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  • March 26, 2018 5:24 PM | Anonymous

    Did you know that every year, individuals and companies that are residents in Brazil must file an Annual Return to the Brazilian Central Bank if they hold assets abroad in excess of USD $100,000.000?

    The Annual Return related to Fiscal Year 2017 must be filed electronically by April 5, 2018, otherwise the individual or company may face harsh financial penalties.

    Our seasoned professionals will be able to assist in reviewing your respective information and documents, in addition to the preparation of you and your companies’ tax returns. Further, during the process, we will be able point out any adjustments and/or strategic opportunities that could be adopted in order to be in full compliance with Brazilian and U.S. regulations. We can also identify tax risk/exposure in relation to your accumulated wealth.

    It is also important to emphasize that individuals and companies that hold assets abroad in excess of USD $100,000,000.00 must file their return on a quarterly basis, therefore special attention is required in order to comply with the Brazilian Central Bank's regulations.

    In case you have any doubt or need assistance to prepare and file your annual or quarterly returns, our professionals will be glad to assist you.

    If you have plans to internationalize your investments, develop business, and begin your expatriation process, it is important to have a team of lawyers with proven experience, acting in several jurisdictions and accredited by their respective governments. This highly specialized professional has all the technical skills required to evaluate the best alternatives and meet your needs and expectations.

    To know which immigration option best suits your profile and that of your family, in addition to knowing more about the many possible alternatives for your projects to develop successfully, talk to one of our expert attorneys. Schedule a consultation with HAYMAN-WOODWARD now.

    Our attorneys will assist you in all the details of your expatriation, at all stages, including business development in the United States. For our law firm, each case is unique and is treated as such, with personalized and individualized solutions.

    HAYMAN-WOODWARD PLLC is a Washington (D.C) based law firm, specializing in immigration and federal tax laws. All legal services are provided by duly-licensed attorneys in each jurisdiction.

  • September 23, 2017 9:39 PM | Anonymous

    (Corporate Release) Veirano Advogados was recognized by the renowned publication in its most recent edition as a leading firm in 27 practice areas, once again highlighted among the leading Brazilian business law firms. Chambers Latin America, a reference in the legal market, also recognized 40 lawyers as leading individuals.

    The publication, a reference in the legal market, also recognized 40 lawyers as leading individuals, with a total of 52 recognitions.

    Special highlight for partner Ricardo Veirano, promoted to the "Eminent Practitioner" category in Corporate/M&A, praised by market sources as "a lawyer who is just amazing" and "an exceptional individual".

    Read more at Veirano Advogados.

  • September 20, 2017 4:29 PM | Anonymous

    TAMPA — Port Tampa Bay approved a public-private partnership agreement with four other entities to divvy up who will pay for a $60 million widening and extension of the Big Bend Channel.

    The strategic partners include the U.S. Army Corps of Engineers, the Florida Department of Transportation (FDOT), Tampa Electric Co. and Mosaic Co., a global fertilizer company which is one of port's largest tenants along with Tampa Electric. The port's board of commissioners unanimously approved the participation agreement at a monthly meeting on Tuesday.

    The Big Bend Channel connects to the Tampa Harbor main channel and will be deepened from 34 feet to 43 feet and widened from 200 feet to 250 feet to accommodate larger ships.

    The Army Corps estimates the expansion to cost more than $60 million, but future bids may wind up higher or lower than that. Bids are not expected until March 2018. Project funding from the partners would be due at that time.

    Read more at Tampa Bay Times.

  • September 20, 2017 4:05 PM | Anonymous

    TAMPA, FL — A Visit Tampa Bay study found visitors pumped nearly $6 billion into Tampa Bay’s economy in 2016.

    According to a press release, visitors helped support nearly 50,000 jobs. The agency’s tourism data showed a record 22.6 million people visited Tampa and Hillsborough County in 2016, including nearly 500,000 international visitors from Europe, Latin America and other areas. Visitors created a $5.9 billion economic impact in the region — $3.8 billion in direct spending (up 5.5% from 2015) and another $2.1 billion in induced spending or so-called “ripple effects.”

    “Tourism is an economic engine that runs 24 hours a day,” says Visit Tampa Bay President and CEO Santiago Corrada in a statement. “This report shows clearly the sizable benefit our community receives from visitors, whether they come for leisure, meetings or business.”

    The study — part of Visit Tampa Bay’s annual examination of tourism’s impact on the local economy — revealed that some 9 million overnight visitors came to Tampa Bay in 2016 staying on average 2.9 days. Domestic overnight visitors spent an average of $236 per day in the area (for a total of $2 billion). International visitors represented the smallest portion of overall visitors, but they spent the most — an average of $1,327 per person per trip (totaling $640.8 million).

    Read more at Business Observer.

  • September 08, 2017 6:08 PM | Anonymous

    Florida is a melting pot with a vibrant mix of cultures showcasing their influence in the arts and gastronomy. The fact that so many foreigners feel at home here is a testament to Floridians’ warm embrace of diversity — and Floridians and Brazilians have a special bilateral relationship.

    Brazil’s contributions to this state have only grown in the past decade. Brazilian culture is already a hallmark of many institutions and art galleries. Our cuisine is served in many restaurants. Indeed, Brazilians participate in every segment of Florida society, including education, health, finances and technology.

    When walking down Lincoln Road in Miami Beach or shopping at Bayside Marketplace, it is not uncommon to hear a different rhythmic set of words being spoken — that of the Brazilian Portuguese language. On Ocean Drive, you can order “caipirinhas,” the most popular Brazilian drink. In Wynwood, you can see the amazing work of renowned Brazilian artists, such as Os Gêmeos, Nina Pandolfo, Eduardo Kobra, and Pamela Castro. Along Biscayne Boulevard, you can stroll along sidewalks designed by Roberto Burle Marx, a celebrated landscape architect or appreciate Francisco Brennand’s giant blue-and-white tile on the headquarters of the National YoungArts Foundation.

    Read more at the Miami Herald

  • August 13, 2017 6:21 PM | Anonymous

    SAO PAULO - An overhaul of Brazil's biofuels policy in coming days, aimed at cutting the country's carbon emissions, should boost demand for cleaner fuels, stabilize the volatile industry and accelerate a recent wave of mergers and acquisitions in the sector.

    The new federal program, called RenovaBio, will give fuel distributors targets to cut emissions, which will force them to gradually increase biofuels volumes, according to policymakers, executives and analysts following discussions of the new law.

    President Michel Temer will soon announce the program via presidential decree, the Agriculture Ministry said this week, and the law could go into effect next year as soon as new regulations are established.

    RenovaBio could be a lifeline to Brazilian ethanol producers who have struggled in recent years to compete with cheap gasoline. It could also bolster sugar prices by encouraging mills to produce more ethanol and less sweetener.

    Read more.

  • July 25, 2017 7:54 PM | Anonymous

    Azul Brazilian Airlines has named longtime CFO John Rodgerson as its new CEO, replacing Azul founder David Neeleman, who will remain with the São Paulo-based airline as chairman of its board of directors.

    Neeleman said he will stay involved in day-to-day business and strategic decisions.

    Neeleman, who also founded New York-based JetBlue Airways, founded Azul in 2008. The carrier initially operated an all-Embraer E-Jet fleet on domestic Brazil and regional South American flights, but expanded to long-haul flying in late 2014 after ordering Airbus A330s and A350s.

    Read more here.

  • July 21, 2017 4:57 PM | Anonymous

    Brazilian aircraft manufacturer Embraer (ERJ) brought its all-new prototype jet-powered KC-390 military cargo hauler to the Paris Air Show to woo the world's military brass and convince them it's time to give up Lockheed Martin's C-130 Hercules.

    The C-130 is the world's longest-running production aircraft and the preferred workhorse of the U.S. Air Force. There are just over 1,100 military and civilian C-130s flying today that will eventually need to be replaced. Embraer wants to fill those spots.

    "We do respect the competition" from Lockheed (LMT), said Embraer's chief executive, Paulo Cesar de Souza e Silva. "It's now time to have something newer and we are there for that."

    The development of the KC-390 is also part of Brazil's broader ambition to be a bigger industrial player on the world stage.

    Read more on CNN Money.

  • June 21, 2017 1:13 AM | Anonymous

    SAO PAULO - Azul Brazilian Airlines has been elected by SkyTrax as the best low-cost airline in South America for the seventh consecutive year. The announcement was made today at the Paris Airshow. In addition, Azul was also named for the second consecutive year as the winner of the Best Airline Staff in South America award. The Skytrax World Airline awards are one of the most widely recognized in the world, and a symbol for operational and customer service excellence in the airline industry.

    "These awards are the direct result of the incredible efforts of Azul's 11,000 crewmembers, who go above and beyond to take care of our customers every day. I thank them all for their unconditional dedication, furthering our mission, which is to make every flight the best flight for our customers.

    Read more. 

  • May 16, 2017 1:53 PM | Anonymous

    Spring break has been good to Tampa International Airport, which saw the busiest March and April in its history and is on track to have a record year.

    TIA beat its previous record by more than 50,000 passengers in the two months combined. In March, the airport’s busiest month, TIA served 1,979,244 passengers. In April, the airport served 1,799,519 passengers, bringing the two-month total to nearly 3.8 million passengers.

    The growth comes at a time when TIA is undergoing a nearly $1 billion expansion and preparing for a second phase of construction next year that is estimated to cost $543 million. The overall project provides a runway for growth for local small businesses.

    Its previous record was in 2007 with 3,726,183 passengers in March and April and a record 19.3 million passengers for the year, before passenger numbers decreased during the economic recession. Since 2010, TPA has seen passenger numbers increase year after year, and that traffic has now grown nearly 14 percent between 2010 and 2016.

    Read more.

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