Of course you would face problems, you bought a mansion it means you had to bring back money somehow, and if you broght in your pocket or somebody broght to you that's for sure not following the law. The law says money wire only and pay the tax please. If you have properties or cars boats etc you must declare it, tell where the money came from and pay the taxes, just like any other country i gess, lots of people dont do it, I mean LOTS, but thats againt the law. As for bringing a car from outside you pay more than 100% in taxes.
If you have a salary outside Brasil and bring it in you are only waved if it's less then 20 thousand reais a year wich is 5 thousand dollars... or if the country you work for has agreement on double taxation and in this case you were already taxed in the other country.
But if you want to keep most of the money in your offshore company so that you can make it grow bigger, as somebody said before, without being slashed by taxes you can do it legally.
So to answer your question straight there is no corporate tax residence and controlled foreign company as it does in Europe. Corporate tax for offshore companies are taxed differently than the local company tax wich are taxed every year. The offshores only when repatriated gains.
There is no tax evasion nor money evasion as you should declare on your tax returns the money you sent out and the gains you bring in.
There is a law in Brazil that somebody published the link in one of the posts before, it regulates offshore companies, they tried to change that but i gess most of the politicians have their own offshore ghost companies, so did not get approved. Also Company tax are 34% and that would be paid only when money is repatriated so i think is not woth it, you can just open a trading account outside Brazil and be taxed the same as trading locally and only when drawing money in. So 34% againt 20%.
It's just like buying some medium term investment that expires in three years, you only pay taxes when it expires in this case 24%.
