New WTS do Brasil Office in Natal

WTS Alliance Extends its Presence in Brazil

Northeast counts among the country's growth regions

São Paulo/Munich, 14 October 2010 – The Brazilian tax consulting firm "WTS do Brasil" is extending its presence in the country’s north-eastern region. With its new office in Natal - the capital of the federal state of Rio Grande do Norte - WTS Alliance is now expanding its consulting network to the fastest-growing region of Brazil.

As a consequence of comprehensive promotion schemes initiated by the Brazilian government, industrial companies have increasingly settled in the Rio Grande do Norte conurbation, a region with a population of more than 1.1 million people. WTS World Tax Service in Munich would like to point out that these promotion schemes are also attractive for German and European foreign investments in the northeast of Brazil.

On the occasion of the opening of its new office in Natal, WTS do Brasil is now offering seminars on infrastructure projects, informing its clients about tax opportunities in particular in connection with the FIFA 2014 World Cup and the 2016 Olympic Games. For the World Cup foreign suppliers will benefit from tax exemptions. “Further opportunities in Brazil will arise as we will soon host two of the major global sports events“, says Fernando Zilveti, professor of tax law and General Director of WTS do Brasil in São Paulo.

The volume of German trade with Brazil amounts to16bn US-Dollars per year. More than 1,200 German companies are already active in Brazil. By international comparison, though, the Brazilian tax system is extremely complex. Nevertheless there are possibilities to determine tax in advance. Moreover, the Brazilian government has launched a number of promotion schemes to reduce the tax burden. And even though the Brazilian tax system is not based on the OECD guidelines, foreign investors enjoy tax and legal certainty. During the past few years Brazil has been able to prove: Foreign investments do pay off.

WTS Alliance is a global network of selected tax consulting firms and is represented in more than 90 countries with its cooperation partners. The focus of its expansion strategy is currently on the markets in Brazil, Russia, India and China in order to assist existing and new clients in their progression towards expansion in these growth markets. In Brazil WTS has been represented since 2005. WTS do Brasil provides competent tax consulting services with its specialists, who for the most part speak German. These specialists have many years of experience in advising German investors, for instance in projects of German mechanical and plant engineering companies. WTS do Brasil also covers tax declarations and thus offers its clients a comprehensive service from a single source.

Pictures and Press Materials

Fernando Zilveti is professor of tax law and General Director of WTS do Brasil in São Paulo

Press Release (PDF)

Press contact

Florian Kestler
Business Development & Marketing
Thomas-Wimmer-Ring 1
80539 Munich
Phone: +49 (0)89 286 46-1565
Fax: +49 (0)89 286 46-2323
Email: presse@wts.de

Information on WTS Alliance
WTS Alliance is a global network of selected tax consulting firms and is represented in more than 90 countries with its cooperation partners. Since its foundation in 2003 WTS is regarded as a trendsetter in cross-border tax cooperation. WTS Alliance is coordinated by the German WTS AG Steuerberatungsgesellschaft, which created this network seven years ago. For the acceptance of new members WTS Alliance has imposed strict selection criteria.
For further details please refer to www.wts-alliance.de.

Information about WTS
WTS is an international consulting company with the divisions “Tax” and “Consulting”. The focus of the tax division lies on tax consulting for multinational corporations, national and international medium-sized companies as well as private individuals and non-profit organizations. In the business fields Investment Tax Law, M&A, Private Clients and Non-Profit Organizations, WTS has recently been able to expand the range of our services significantly. With regard to the consulting division, WTS specializes particularly in financial advisory as well as national and international accounting services. Employing more than 400 people and having representations in over 90 countries, WTS ranks among the major international tax consulting companies. WTS solely offers tax and business services consulting without auditing services in order to avoid any conflict of interest between consultancy and audit.