Accounting in Brazil for Offshore Companies
What we offer your business
While you expand your business globally, we simplify offshore accounting, ensuring compliance and tax efficiency.

Offshore Accounting
It consists of monthly and annual bookkeeping to meet obligations to the respective local governments. Our statements are prepared in accordance with IFRS standards, taking into account all the details of assets and liabilities to correctly assess the results for each period. Our team also works on the submission of annual reports such as the Economic Substance Test and the Annual Financial Return.

Offshore accounting in BRGAAP
After preparing the balance sheet to meet the offshore company's local obligations, our team converts and prepares the financial statements in accordance with Brazilian accounting standards. As required by Law 14.754/2023, all companies located in countries with favorable taxation must prepare financial statements signed by a Brazilian accountant in accordance with the accounting standards adopted in Brazil.
Testimonials
"In view of the expansion of our business to the United States, we noticed the need to expatriate employees, and it was with the help of the Drummond Advisors team that we were able to navigate this path with great security and peace of mind, not only because of their knowledge of the laws of the United States, but also because of their mastery of all the labor issues involving the subject here in Brazil as well. One of the great advantages that Drummond's team has is that they are based in these countries, bringing a broad integration of actions in order to comply with the rules on both sides of the operation. We are already planning new expatriations. Thanks to everyone at Drummond!"
"For Alpargatas, working with Drummond means having a partner that provides security, agility and efficiency in Global Mobility processes. From my first contact, I was able to recognize the expertise and care of all the consultants I had the opportunity to interact with and have the perception that I would be supported with my deliveries. In fact, it's a partner that works as an extension of our Mobility area. I hope we can always count on Drummond year after year."
“Drummond was the right choice for my visa process. Not only was the whole team very technically competent, but they always treated me in a very professional, humane and caring way. It was a really emotional moment for me and I realized that it was also for the whole team, they were thrilled with me and for me!”
"Getting a visa for the USA is a delicate step personally because of all the family issues and important professionally because of the career and business challenges and risks. Drummond took care of my entire process from A to Z, without ever forgetting that behind the applicants there was not only a company, but also a concerned and anxious family. If I were to go back in time, I wouldn't think twice. I'd do it all over again with them. I started with the L1A visa and now we're all on the Greencard."
"I would like to thank the Drummond team for their attention and support in providing guidance, diligence and guidelines in relation to the termination of contracts at national and international level. Their agility and promptness, as well as their willingness to gather information and participate in the facts, made all the difference in achieving our objective within the expected timeframe and with the desired security. Thank you."
“Fiberhome has been building a relationship of trust with Drummond for a long time, the girls take care of our processes in a unique way. We have built a relationship of security and respect. The support we get from Drummond is unconditional, they are always willing and available to help us, instruct us and answer our questions. Drummond's organization of our processes is second to none! And that's what makes us trust them with our eyes closed. Thank you for your partnership! We hope to continue growing together”
“We had the challenge of getting a work visa in record time for one of our directors in Mexico and the Drummond team, Ana Gabriela Francelli, Fernanda Lana and Victoria Vono succeeded and exceeded all our expectations. From the handling to the final delivery, the concern of this team was surprising, at no time was I left without news and/or follow-up on the process. They are to be congratulated for all their work and I really thank them for their partnership. Without a doubt, highly recommended work!”
"In addition to the humanized service throughout the process, I can say that my applications were a success. All were approved and without any additional requests for information from the US immigration department. Of course, success depends not only on the firm's strategy and guidance, but also on the applicant's dedication to delivering the information and content defined by the Drummond team."
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Drummond is much more
than
an Advisory
an Accounting
a Consulting
a Strategic partner
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Drummond Advisors was born with the mission of meeting the needs of companies operating in Brazil and the United States, building bridges that connect entrepreneurs to new markets, new business partners, new employees and new investors in foreign territories. Today, Drummond helps companies from anywhere in the world to enter the United States, facilitating business internationalization in a strategic and secure manner.
Drummond believes that it is not enough to open a company in another country: you need to internationalize your business, which goes far beyond establishing a legal entity in a new territory. In order to take this important step in your company’s history firmly and safely, you need to plan, understand the impacts of the operation and mitigate the accounting, legal and tax risks.
We have several specialists to assist you in the best possible way
FAQ
Frequently Asked Questions
Offshore is a term used to refer to “companies” incorporated abroad. These companies can be limited companies or joint stock companies, as we know them in Brazil. In addition, depending on the law of the country in which they are incorporated, offshores can be incorporated as companies or non-personified entities, which have no equivalent in Brazil, such as partnerships, foundations and investment funds with very different rules to Brazilian funds.
Yes, if you are a Brazilian tax citizen and have joint or shared control of an offshore company, you will need to convert the balance sheet to Brazilian accounting standards with the signature of a qualified accountant to support your personal income tax return.
Yes, in this case there is joint control of a company in a tax-favored country and if they file a separate return, both spouses will need to report their percentage share of the profits on their personal income tax return.
No, if you do not have control of an offshore company there is no need to offer to tax the portion of profits earned under law 14.754/2023, however you must report the investment at cost in your personal income tax return as well as any change in contributions or redemption of the investment.
Yes, if the income earned by the LLC company is entirely derived from rents, it is considered passive income for tax purposes under law 14.754/2023, and all companies that have 40% or more passive income must be reported as a controlled entity subject to 15% taxation in Brazil on the profits earned for the year.