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International wire transfer: what is it and how to do it?
If you do business with international clients, you probably need to send and/or receive money on a global scale. Although there are several traditional methods for sending and receiving money internationally, the most efficient and secure way to transfer funds between countries is through an international wire transfer.
Board of Directors and Legal Representation: key points
The legal representation of a foreign member of the Board of Directors in a Brazilian Limited Liability Corporation is an essential process. The foreign board member, who is an individual of foreign nationality, becomes part of the company as a board member. However, due to their foreign nationality, they require a legal representative to sign board meeting minutes on their behalf.
Tax reform: what changes are expected?
The need for tax reform has been debated for at least three decades in Brazil, but the issue finally seems to be coming to an end. On July 7, 2023, the Chamber of Deputies approved Proposed Amendment to the Constitution (PEC) 45/2019, which addresses the subject. It now moves on to the Senate.
Health insurance fraud: increase in cases raises alarm bells
Cases of health insurance fraud have frequently appeared in the news. Big companies have noticed and taken action over the misuse of the reimbursement benefit, which can lead to considerable financial losses. This is what happened, for example, with Itaú and the CCR Group.
Reinsurance: do you know what it is?
Insurance is something we already know; it protects us against certain risks. But what about reinsurance, is it a new term for you? Let’s clarify it below.
A reinsurer is a company that assumes part of the risks covered by an insurer. This means that it acts as a financial support for insurers, helping them to deal with increasingly complex risks and react quickly to problems.
Understand the importance of financial statement analysis for your business
Most companies are required to prepare and present financial statements. These documents play an important role in evaluating a company’s performance and financial position over a given period. Among the main financial statements are the balance sheet, the profit and loss statement, and the cash flow statement.
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