Problems relating to Trade and Investment on Brazil
4. Restrictions on withdrawal of operations |
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Issue |
Issue details |
Requests |
Reference |
| (1) Vexatiously Complex Liquidation Procedures | - GOB requires a process to place company dormancy for certain period before liquidating it. Consequently, the task necessitates a quite substantial, complex work even for a representative office, and depending upon the scale of operation, and the business history, it is quite possible that the liquidation could take a more substantial length of time. | - It is requested that GOB streamlines and expedites the liquidation process. | - Civil Law Articles 207-219 |
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