Cost Reduction and Exponential Growth: How an Austrian Innovation Company Conquered the Brazilian Market with ILM Group
Cost Reduction and Exponential Growth: How an Austrian Innovation Company Conquered the Brazilian Market with ILM Group CASE STUDIES Initial Situation An Austrian innovation company decided to open a subsidiary in Brazil for strategic and fiscal reasons. Service provided ILM Group supported the client throughout the process of incorporation of the subsidiary company and assumed the representationof foreign shareholders, as well as the management and accounting of the subsidiary, with its headquarters registered in the ILM Group region. Communication with the head office is carried out in German and monthly financial reports are created accordingly with the head office’s accounting plan. ADVANTAGE The client can focus exclusively on development of your business, while you have a reliable partner at your side, taking care of all the bureaucracy necessary for the work to happen in Brazil, carrying out communication between the parties in their native language. The Brazilian subsidiary made it possible to considerably reduce the tax burden leviedon services offered to Brazilian customers, allowing greater growth for the company in the national territory. Talk to Us
Tax Optimization Strategies: Tax Reduction and Increased Customer Satisfaction for a British Software Company
Tax Optimization Strategies: Tax Reduction and Increased Customer Satisfaction for a British Software Company Initial Situation An English software company has so far exclusively served the Brazilian market from England.Invoices for Brazilian B2B customers were issued by an English company. Service provided In two weeks, a comprehensive tax analysiswas prepared and discussed with the client. The benefits of issuing invoices through aBrazilian entity were clearly demonstrated. Eventually, the ILM Group proposed two possible solutions for the English company, in order to mitigate the tax burden: (1) the establishment of a small Brazilian subsidiary that would be fully managed by the ILM Group, or (2) the execution of a license with ILM Group, allowing ILM Group to act as a Brazilian Distributor of the English software company. ADVANTAGE The analysis served as the basis for management’s decision-making in executing a license agreement withthe ILM Group. The English company’s Brazilian customers were satisfied because they finally received local invoices, which are not subject to additional taxation and can be paid without additional administrative fees. Net sales generated through the license agreement were passed on by ILM Group to the English software company on a quarterly basis, with guaranteed tax efficiency. Talk to Us
Entry into the market with incorporation: Outsourced Management
Entry into the market with incorporation: Outsourced Management Initial Situation A North American company that operates globally decided to incorporate a Brazilian subsidiaryto import products to Brazil and then open its own production unit in the country. Service provided ILM Group took over the management and representation of foreign shareholders and opened a national bank account, setting up internet banking and coordinating accounting work, in addition to hiring staff to take on necessary functions. Any payments made through the Brazilian subsidiary’s bank account are always subject to receiving specific instructions from the customer. ADVANTAGE The company can focus on planning and expanding its business in Brazilian territory. Meanwhile, ILM Group assumes full responsibility for the administrative tasks of the Brazilian subsidiaryas a partner and customer representative in Brazil, helping the company penetrate the Brazilian market. Talk to Us