Brazil (BR)

Jurisdiction Overview

IDQuestionAnswer
236 *Is any formal registration required at all? Not Applicable
 Data Date: 2018

Notes

 
GF 2012: 36
 
F 2018: 38

Sources

The Global forum reported in 2011: "Under Brazilian law, there are two types of foundations: public and private, both are considered as non-profit legal entities, established exclusively for listed public-interest purposes. [...] Under Brazilian law, foundations may not be established for family purposes or for the benefit of an individual or a group of individuals" (GF 2012: 36). In 2018, the Global Forum reported: "private foundations may only be incorporated by a public deed or a will and only for religious, moral, cultural or assistance purposes. They may not be established for family purposes or for the benefit of individuals" (GF 2018: 38).