in fact, a local resident in these cases would hold power of attorney and be responsible for the company - this would be a position of great responsibility, since the resident partner could be held accountable by local tribunals and authorities for the actions of the company.

called an empresa individual de responsabilidade limitada - EIRELI, The individual limited liability company consists of a single person holding the entire share capital, with the capital amounting to no less than one hundred times the highest minimum wage prevailing in brazil.

this amount, however, has been recently reduced to about 62000 reals, making an eireli a more accessible option.