The largest country in South America; Brazil or the Federative Republic of Brazil, is a regional economic power. Starting a business in Brazil is a viable option for ambitious entrepreneurs looking to expand internationally. It is the eighth largest economy in the world by nominal GDP and by purchasing power parity. A leader among emerging markets, the economy of Brazil mainly relies on Mining, Agriculture, Manufacturing and the Service Industry. Listed below are a few reasons why setting up a business in Brazil could prove advantageous for your business:
It has a stable political and social environment.
The dividends are exempt from tax.
A pro-business government that actively works to raise employment levels, consumption power and income, while trying to usher more financial programs thereby increasing business dynamics.
It has a huge growing consumer market.
It has an abundant and diversified energy resource.
It is one of the world’s largest producer and exporter of minerals and food.
Incorporating a company in Brazil is especially attractive for the Oil and Gas, IT/BPO, Life Sciences, Private Equity and Venture Capital and the Tourism industry.
It has stable economic growth and low inflation.
It has a well-positioned economy globally due to its size and interaction with other economies
REQUIREMENT TO OPEN A COMPANY
Minimum two Shareholders
Minimum one Director (any nationality)
One Brazilian Legal Representative
No minimum share capital required (with the exception of a few)
A local registered agent and office address
Article of Association
Collection document of the Federal Revenue
Company name consultation
National registration form
Notarized copy of identification document (owner or partners)
Proof of residence
Identity proof of foreign shareholders
Proof of existence of company in the country of origin
Articles of Incorporation
Checking of Name and reservation
Provision for locally registered office address
Preparing the Articles of Association
Legal Representation of the company
Filing the documents with the Board of Trade, Federal Revenue and the City Council
Registering the company tax payer number
Accountancy and legal services (if required)
Register the Company with the National Registry of Legal Entities
Register the company with JUCERJA
It takes approximately 3 – 6 weeks for company incorporation in Brazil, which is subject to the time taken to complete formalities.