Expert: Edison - 1/30/2008

Question
I am an American living in Texas. A Brazilian software company wants to hire me as a consultant for a period of at least 6 months. They understand that about 17% in tax will need to be added to my fees. But they also believe that in order for me to get paid at all, I must register as a foreign investor at BACEN, form a Brazilian company, submit invoices from that company and get paid in country, and then transfer the payments back to America. That seems like a lot of trouble. Can't I just get paid directly for my consulting services?

Answer
Bob,

You are right. It is a lot of headache, time, paperwork and money.

My recommendation is to create a company in US (if you don't have one) and send an invoice to the Brazilian company. They can send the payment directly to your bank account in Texas.

Good luck!

Edison