Business in Brazil

Index

• Introduction

• Outsourcing Benefits

• Our Profile

• Our Mission, Vision e Values

• Team

• Services

• Contacts

Market

Today’s complexities in doing cross-border business requires that international companies stay current with the continuously changing local market regulation and requirements in the different countries in which they have subsidiaries.

This requires from organizations, not only international expertise, but local grounded knowledge, which is costly and takes time to set up.

Outsourcing some or all of the subsidiaries’ finance and administrative back-office functions is more cost effective and provides international companies immediate access to local knowledge maintaining at the same time expertise required to manage their head office requirements.

With Deep Associados international companies obtain scalable and tailor made support for their subsidiaries.

BPO – Business Process Outsourcing

Business Process Outsourcing (BPO) is a form of outsourcing that

involves the contracting of the operations and responsibilities of specific

business functions or processes to an external service provider.

It implies the transfer of certain functions, usually performed by the

company´s personnel to an external specialized professional, allowing

a company to focus mainly on the core business, thus generating

higher benefits.

Deep Associados is allowed to outsource all the back office services

as a BPO provider in the following areas: accounting, tax compliance,

administration, treasury (accounts payable & receivable), human

resource, payroll, benefits control and tax consulting.

BPO Benefits

The decision to adopt finance and administrative outsourcing services

shall provide the company with:

– An optimum cost/benefit ratio within small organizational structures

– Becoming more flexible by transforming fixed into variable costs

– Prompt access to local specialized and experienced resources with

low initial investment

– Reduction of risks by sharing activities with the outsourcing supplier

– Local Management time-saving to be able to focus on the strategic

areas of the business

– Access to the latest technology

– Opportunity to benefit from a process reengineering without

affording the costs

– Access to information on legal, contractual and local government

matters

– Continuous improvement of quality

Our Profile

We are a company of diverse and talented people with passion for

pursuing excellence in all that we do.

We are a consistent and optimized organization delivering industry-

leading back-office Business Process Outsourcing performance.

We build and maintain long-term, creative and tailored relationships,

acting as their real partner..

Bases on our proven methodologies and experience in the markets, we

can help you improve your cross-border business.

Deep Associados specializes in providing flexible, high quality

customer support outsourcing solutions with an emphasis on

accounting, payroll, treasury and tax compliance services.

Our Mission, Vision e Values

Our Mission is to make our clients more efficient and more profitable in

local markets while improving loyalty to their company brands..

Our Vision is to be the regional standard for delivering value-based

back-office solutions tailored to the unique needs of our clients.

Our core Values are grounded in strong ethics, integrity, transparency

and openness. Our every day actions are guided and inspired by them:

• We pursue excellence through dedication

• We are passionate about being the best

• We believe in honesty

• We seek fun in what we do

• We are innovative partner

Our Team

Deep Associados is formed by an interdisciplinary professional team of

accountants, lawyers and specialists, trained in all the processes related to

accounting, tax compliance, secretarial, payroll, business intermediation and

tax consulting services.

In a depth knowledge of our client´s business and a clear understanding of the

local environment by our employees, allow us to guarantee operational

excellence, enabling the clients focus on their core matters.

All Deep Associados employees are expected to maintain high personal and

professional standards of conduct and integrity, we are an energic and inspiring

organization with clear, fair and consistent recognition of the working

development.

Our management team comprises a unique combination of international

finance and administrative BPO specialists with senior operational, financial

and investment experience from their respective business area.

Our Services

Deep Associados is allowed to act in BPO services in the accounting,

tax compliance, treasury and administrative back-office services,

delivering cost-effective solutions while optimizing efficiency and quality

for our clients.

We are committed to provide our services under a “One Stop Shop”

concept with our trusted partners in Brazil.

As such, we serve as a real partner for international companies seeking

assistance for their subsidiaries in the understanding of local markets

and the compliance with local regulations.

Services

Among the services required by our clients, Deep Associados could

help them in the following activities:

• Company Start-up

• Management & Domiciliation

• Tax Compliance

• Accounting & Reporting

• Treasury (Accounts payable & receivable)

• Human Resources & Payroll

• Tax Consulting

• Business Consulting

• IT Solutions (Information Technology)

Company Start-Up

Our services encompass the full life circle of an entity starting with set-

up and strategic planning.

We help our clients with the selection and set-up of the appropriate

entity type to support local business objectives, with the setting up of

books and procedures while helping through the registration process

before the appropriate local tax authority, administrative and banking

authorities.

We count with trusted partners networking as law firms, paralegal,

brokers and others specialists to help us in some activities.

Special licenses to run business in Brazil depends directly on our

trusted partners to obtain it.

Financial ERP system ready to use.

Management & Domiciliation

Upon contracting our Management & Domiciliation services you entrust

us the controllership of your local business to see that your company´s

objectives are met succesfully, while assuring at the same time, the

local entity´s goods standing with rules and regulations..

Either through Deep Associados or externally, we can provide you

with highly qualified and experienced representatives , officers or proxy

holders who can individually or jointly assume full or partial

responsibility for day-by-day management of your subsidiary.

When using our local registered address, the client is assured of the

timely and accurate processing of all formal communications received,

thereby also assuming the appropriate response to these documents.

* Management Services just could be provided, if Deep Associados will be responsible for accounting, tax compliance. treasury services and payroll

Tax Compliance

The extensive, complex and ever-changing local rules and regulations

requires companies to focus more and more on handling compliance.

In organizations with reduced staffs, we are the ideal partner to keep them

up to date and in compliance with these constantly changing regulations.

Our comprehensive range of services includes, among others:

• Taxes, duties and charges calculations and respective payment

voucher

• Timely tax fillings of the obligations to the local Tax Authorities,

Brazilian Central Bank and others

• Coordination and attendance of tax auditing

• Transfer Pricing calculations among the related companies

• Local tax review

• Preparation of Annual Income Tax Return of the Entity and Individual

Accounting & Reporting

You can rely on our experienced staff to keep your subsidiary´s books

and records and to issue the necessary reports in accordance with

local and international rules and group policies, so as to assure and

strengthen transparency and accountability of your business.

Our comprehensive range of services includes, among others:

• Day-by-day bookkeeping work

• Timely local and management reporting

• Account analysis preparation and reconciliation

• Fixed Asset accounting control and respective depreciation

• Inventory accounting control and cost of good sold

• Managerial report according to internal company policy

• Issuance of local Financial Statements

• USGAAP or IFRS

• Attendance of internal or external auditing

Treasury

Our team has huge experience in interbank relationship that could help

the company to maintain the control of payments and collections

electronically in accordance with the local and international rules and

group policy.

Our comprehensive range of services includes, among others:

• Accounts receivable controls, including the issuance of the

collection voucher through the bank system and send it to the

client

• Accounts payable controls to assure the payment on the due

date

• Electronic interface with the bank for sending and receiving data

• Bank reconciliation

• Issuance accounts payable & receivable position reports

Payroll

In the local environment of constantly changing of payroll regulations,

relying on our Payroll Outsourcing services is the best solution.

Our comprehensive range of services includes, among others:

• Drafting of locally compliant employment contract

• Maintenance of employee confidential records

• Assistance on the hiring and dismissal process

• Gathering payroll data and ends with the preparation of

payment instructions for salaries

• Process the advance salary and monthly calculation

• Control and calculation of vacation and 13th annual salary

• Tax and social charges calculations

• Preparing and filling the payroll obligation to the Labor Authority

Tax & Business Consulting

Facing to the nature of complexities related to the fiscal, tax and legal

questions in Brazil, and the huge knowledge of our multidisciplinary

Team in this subject, we are a good partner in the development and

solutions for your business.

Our comprehensive range of services includes, among others:

• Prepare the feasibility study

• Verifying the application of the tax legislation in diverse

business segment

• Tax review of previous periods

• Company Tax study regarding the development of new line of

business or product

• Intermediation and support to the company in a new business

• Business plan

Consulting and Brokerage Business

We offer a personalized service to prospect for business and investors.

Bolstered by assessments that ensure the validity and security of the

business to be closed, the Deep Associados minimizes the maximum

risk in business acquisitions.

Among our key assessments, among others:

• Financial structuring of new business;

• Strategic planning;

• Mergers and acquisitions business

• Due diligence;

• Business plan.

IT Solutions

To make easier the day-by-day and facilitates the internal controls, Deep

Associados has a standard Financial ERP system to process the services or

sharing the process with the clients, as follows:

• TOTVS ERP, the major software house in Brazil listed at BOVESPA (SP

SEC)

• TOTVS ERP is totally compliant with the Brazilian Tax Legislation

• ERP hosted at TOTVS data center and cloud access remotely

• Secure access and data safety according to the SAS procedures

• Standard Financial ERP system ready to use, clients does not need to

invest in ERP generating savings

• ERP is segmented per modules, as: billing, purchasing, treasury

(AR/AP), inventory, accounting, fiscal books, fixed asset and payroll

• Allow us to permit the client being part of the process according the

scope of services and responsibilities agreed

• Develop a tailor made process and the specific ERP customization

belongs to the client for future internal requirements

• Build a specific BI (Business Intelligence) cube for internal controls of

the management team

* If specific customization is required, it will be charged separately

ERP Flow Process

Posting Data in the System, this service

could be performed by DA or Client

Documents review, fiscal analysis, tax

calculations, tax compliance and filings

service are under DA responsibility

Finance services could be performed

by DA or Client

Services under DA responsibility for

Month End Closing in BR GAAP and

preparation of managerial reports

Payroll routine services and monthly

process, tax and social charges calculation,

payroll filings and compliance are under

DA responsibility

DA upload the payments in the Bank and

Client will approve it electronically

AccountingPurchasing(Incoming Invoices)

Finance (Accounts Payable)

Inventory (COGS)

Fixed Assets (Depreciation

)

Taxes (Fiscal Books)

Billing(Invoices Issuance)

Finance (Accounts

Receivable)

Bank (Payments & Collections)

Payroll Process

A

A

A

B

B

C

C

C

D

D

D

D

E

E

F

F

Curriculum Vitae

DÉCIO DEEP

• MBA in Controllership & Financial – Fundação Getúlio Vargas

• Bachelor in Accounting Administration – Faculdade Ítalo-Brasileiro

Qualifications

• More than 25 years experience in accounting, tax compliance, tax consulting, finance ,

controllership and BPO area

• Strong actuation in the preparation and coordination of Managerial Reports and USGAAP/IFRS

• Experience in strategic planning, feasibility study, budget preparation & control and selling price

• Responsible for IT, managing and validating the internal processes and implementing the ERP

systems, as: JDEdwards, Datasul, Oracle e Totvs

Background

Develops its experience in the multinationals companies in the auditing, consulting, outsourcing and

industries, as: Arthur Andersen, Deloitte, Ernst & Young, TMF-Group, Honda (Motorcycles and

Vehicles) e Sara Lee Corp (Coffee Division)

Languages

Portuguese, English and Spanish

Contacts

Décio Deep Luciana Fernandez decio.deep@deepassociados.com.br luciana.fernandez@jtcgroup.com

www.deepassociados.com.br www.jtcgroup.com

Address: Brigadeiro Faria Lima, 1.893 – Conj. 42 – CEP.: 01452-001

Jd. Paulistano – São Paulo – SP – Brasil

Phone: ++ 55 11 2738-0006

Parceiros:

Thank you!!!