Rebeca Duran

Rebeca Duran

Staff Writer
The Brazil Business

Updated

Visa for Foreign Representative of Foreign Financial Institution

Rebeca Duran

Rebeca Duran

Staff Writer
The Brazil Business

Updated

Foreigners who wants to work in Brazil must acquire a work permit and a work visa. Find out what it's required for acquire both documents for Foreign Representative of Financial Institution Headquartered Abroad in Brazil.

The CGIg (the Coordenação-Geral de Imigração do Ministério do Trabalho e Emprego), is a Ministry of Labour and Employment organization responsible for the issuance of foreigners' work permits, while the visas are conceded by the Ministry of Labour and Employment. Both documentations are mandatory to any foreign that aims to work in Brazil.

Foreign Representative of Financial Institution Headquartered Abroad

The work permit and visa for a Foreign Representative of Financial Institution Headquartered Abroad must be presented, respectively, by the financial institution or by the proper foreigner.

The visa and the permit are related to the representation of a financial institution that doesn't act in Brazil, but goes to the country in order to make commercial contacts or transmit interesting information from the headquarter or from foreign branches. The exception is the private operations practice of financial institutions and other institutions authorized to work by Brazilian Central Bank.

About the Work Permit and Visa

In order to work in Brazil, the foreigner must acquire a work permit, a document issued by the Ministry of Labor and Employment. The work authorization for foreigners is temporary, being valid until the end of the work agreement.

If the work permit was conceded to the foreigner, the Ministry of Labor will forward the permit to the Foreign Relations Ministry, whose responsibility is to contact the Brazilian Embassy that will grant the visa to the worker.

The visa granted for these types of foreigners are the permanent visas, which allows the individual to stay in Brazilian territory for an unlimited time. This doesn’t mean that the foreigner can stay in the country forever, but means the limited number of days for his stay is not established; the individual could stay in the country as much as he wants, as long as he is still the representative of the financial institution.

Necessary Documentation

To acquire the work permit and the visa the following documentation is requested. Usually the documents needed in all work permits and visas are standard, however, a few cases need more documentation than the average, that’s the case of Foreign Representative of Financial Institution Headquartered Abroad

The documents produced abroad are subjected to a legalization process in the Brazilian consular repartitions located abroad and must also be translated by a sworn translator.

The Standard Documentation Requested for Both

  • Work Permit Application Form, in Portuguese named Formulário de Requerimento de Autorização de Trabalho.
  • Legal registration of the company, duly registered in a board of trade or in a notary office. In case of presenting copies, they must be notarized.
  • Document of election or nomination of the legal representative of the applicant institutions, duly registered in a board of trade, or in the office of the civil clerk or in the Federal Official Gazette.
  • Copy of CNPJ'S card.
  • Power of Attorney by Public Instrument delegating functions to the foreigner.
  • Union Collection Guide (GRU) that is a proof of payment of the individual tax of immigration for the foreigners and for each legal dependent (in the cost of BRL 16,93 by person).
  • Copy of the identification page of the foreign passport. It must contain the number, name, birth date, nationality and photography, and it doesn't need to be notarized.

The Specific Documentation Requested for Both

  • Certificate of accreditation of the financial institution, as established by the Brazilian Central Bank.
  • Responsibility term or in Portuguese Termos de Responsabilidade, in which the financial institution assumes all medical and hospital expenses of the foreigner convoked and its legal dependents.
  • Commitment of repatriation of the foreigner and of its legal dependents at the end of its stay.

Important to Know

The information about the administrative acts practiced by the foreigner must be informed via the Ministry of Labour and Employment web page. For that, is necessary to have in hands the protocol number of the application process. If the processes requirements were not accomplished, such as lack of documentation, within thirty days from the date of making the information available at the web page, the process will be cancelled.