Brazil (BR)

Jurisdiction Overview

476 *LO Record: Does the registration of domestic limited partnerships comprise information on the legal ownership of all partners? Yes, all partnerships require recording of all partners/legal owners of all partners.
 Data Date: 2018


All limited partnerships are required to register with Brazilian authorities and to update updated ownership information on a yearly basis. The Global Forum reported in 2018: "It is noted that non-business civil law partnerships are registered with the civil registry offices while co‑operatives, which are also non-profit civil law partnerships, must be registered with trade registrars. General and limited partnerships, on the other hand, carry on business activities and are registered with trade registrars. All of the foregoing are required to register with the RFB [Federal Revenue of Brazil] to obtain a CNPJ [National Register of Legal Persons] number, submit updated ownership information on a yearly basis as discussed for companies, and are subject to its compliance programmes. Changes to the respective partnership agreements involving partner information must be unanimously approved by the partners and filed with the respective registrar within 30 days." (GF 2018: 37; [TJN-Note]). In 2013, the Global Forum reported: "Civil law partnerships, co-operatives, general partnerships and limited partnerships are established by means of a private or public written agreement, setting out, among other things, the following ownership information: (i) name, nationality and resident or seat of administration of all the owners (including limited partners); (ii) their quota in the social capital and participation in the results; (iii) whether they are subsidiary liable for the company’s obligations; and (iv) natural persons who are responsible for the administration of the company, as well as their powers and responsibilities (Civil Code, articles 997, 1 041, 1 045 and 1 046)." (GF 2013: 43).


GF 2013: 43-44
GF 2018: 37