1E9Ct5D

administrator of such company, with administration and representation powers, as long as the positionis provided for in the company's bylaws or charter documents.A Brazilian company wishing to indicate a foreigner to discharge the duties of administrator must, inaddition to the documents evidencing its regularity before the tax, labor and social security authorities,present the following to the Labor Ministry:a) Minimum investment: proof of foreign direct investment (in currency, transfer of technology or ofother capital goods), by the foreign company that wishes to indicate a foreigner for the position ofadministrator of the Brazilian company, in the minimum amount of:(i) US$ 200 thousand, for each foreign administrator, by means of a copy of theConsolidated Foreign Direct Investment Statement, obtained directly from SISBACEN (CentralBank of Brazil Information System) following registration of such investment, or of the ForeignExchange Contract and the respective contractual or bylaw amendment, duly registered at thecompetent agency, in order to evidence payment of the investment in the recipient company;or(ii) US$ 50 thousand for each foreign administrator, with due regard to the aforesaiddocumentation, whereas, in this case, evidence shall be produced of the generation of, atleast, 10 new jobs, during the two years subsequent to the administrator's entry into thecountry, observing, in both the aforesaid situations, such proportion of 2/3 of Brazilianemployees as set forth in Brazilian labor legislation;b) Salary structure: the present salary of the foreigner appointed to occupy the administrator positionin the Brazilian company shall be informed, and also the salary that this person will receive once he orshe has taken office. Finally, there must also be indication of whether the foreigner will continuereceiving any remuneration from abroad, in addition to receiving a salary in Brazil.The possible transfer of the foreigner to another company of the same business group shall becommunicated and justified with the Labor Ministry (MTE). For a change of job and/or addition of othernew functions to those already discharged by the foreigner, the local company shall presentjustification and an amendment to the contract to the General Immigration Coordination Department ofthe MTE. Concomitant jobs in two or more companies from the same business group must also beauthorized by the pertinent authority.The change of employment of the foreigner to another company that does not belong to the businessgroup where the foreigner was discharging his/her duties shall be the subject of prior authorizationfrom the competent authorities.107