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Company formation in
Brazil
Brazil
Comprehensive assistance in company formation, including banking services
How to form a company in Brazil
1
Document submission
You submit to us necessary documents of the future founders and directors for the purposes of company formation in Brazil and opening a bank account in Brazil
2
Payment of services
Payment of our services for company formation in Brazil and/or bank account assistance in Brazil
3
Company formation
We register a new company in Brazil for you. Upon completion of the registraion corporate documents are either delivered to you or submitted to a bank for the subsequent opening of a bank account
4
Bank account opening
In case you request an assistance with a bank account, we arrange an interview at the bank for you, inform you about the date of the visit and accompany you on your way to the bank. After the bank account is opened and active you receive corporate documents of the formed company as well as the access to the bank account
Key aspects to consider prior to registering a company in Brazil
A company formation in Brazil and bank account assistance in Brazil can be performed remotely, on the basis of a power of attorney.
1. Founders of a company in Brazil can either be resident or non-resident in Brazil. Founders can be either individuals or legal entities. In order to register a company in Brazil it is necessary for every non-resident shareholder and director to receive a tax ID (CPF) in Brazil.
2. A resident or a non-resident individual can be a director in Brazil. However, it is required to register a company in Brazil with at least 1 resident director and a resident legal representative.
3. One individual can be simultaneously a shareholder and a director in a company in Brazil if such company is registered as a Ltda. (a limited liability company).
4. There is no requirement for creating substance in Brazil - no need to hire local employees or rent an office in order to register a company in Brazil or conduct business in Brazil.
5. Minimum share capital that is required to register a company in Brazil as a Ltda. (a limited liability company) is not established. However it is recommended to have a minimum share capital of USD 1,000 for doing business with local companies in Brazil.
6. Information about company founders, shareholders and directors after company registration in Brazil is complete is publicly available in the state corporate register.
7. We can help you register a company in Brazil, as well as open a corporate bank account remotely, on the basis of a power of attorney.
2. A resident or a non-resident individual can be a director in Brazil. However, it is required to register a company in Brazil with at least 1 resident director and a resident legal representative.
3. One individual can be simultaneously a shareholder and a director in a company in Brazil if such company is registered as a Ltda. (a limited liability company).
4. There is no requirement for creating substance in Brazil - no need to hire local employees or rent an office in order to register a company in Brazil or conduct business in Brazil.
5. Minimum share capital that is required to register a company in Brazil as a Ltda. (a limited liability company) is not established. However it is recommended to have a minimum share capital of USD 1,000 for doing business with local companies in Brazil.
6. Information about company founders, shareholders and directors after company registration in Brazil is complete is publicly available in the state corporate register.
7. We can help you register a company in Brazil, as well as open a corporate bank account remotely, on the basis of a power of attorney.
Cost of services
Formation of a Ltda.
Timeframe - 20 business days
Timeframe - 20 business days
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for company formation
Advantages of forming a company in Brazil
Attractive business-environment
- Brazil is the 8th largest economy in the world according to GDP
- Brazil is a member of the MERCOSUR agreement with Argentina, Paraguay and Uruguay which established a free market between these states. This free market provides multiple benefits to companies registered in Brazil
- Geographic location of Brazil allows to establish maritime trade with North, Central and South American states, EU states, as well as with Asian states, Australia and New Zealand
- Large and highly developed consumer market
- Well-developed infrastructure
Stability and security
- Political and financial stability
- Comprehensive personal security
- Investment protection
Ease of establishing and doing business, tax benefits
- It is possible to register a company in Brazil and open a bank account in Brazil remotely
- Dividend withholding tax rate - 0%
More about Brazil
Brazil is located in South America and borders Argentina, Bolivia, Colombia, French Guiana, Guyana, Paraguay, Peru, Suriname and Uruguay. The capital city of Brazil is Brazilia, the largest city and the location of key government institutions.. The territory of Brazil amounts to 8,515,770 square kilometers.
Brazil has access to the Atlantic Ocean.
The population of Brazil currently amounts to around 212.6 million people.
Brazil has access to the Atlantic Ocean.
The population of Brazil currently amounts to around 212.6 million people.
Official currency of Brazil is Brazilian real (BRL).
GDP of Brazil currently amounts to more than USD 1.445 trillion. In 2018 the growth of the state GDP amounted to around 1,78%.
Service industry is the largest part of the GDP of Brazil. Primary types of services are wholesale and retail trade, transport services, financial services, professional services.
Agriculture amounts to 17.5% of the GDP. Brazil is the largest producer of sugarcane, coffee, soy beans, corn, cotton, cocoa, tabacco, eucalyptus fiber, as well as the largest supplier of tropical fuit in the world. The industrial sector of Brazil amounts to 28.5% of the GDP and includes the production of aircrafts, cars and car parts, machinery, textiles, shoes and cement.
Brazil ranks 25th in the world in terms of export, in 2021 Brazil's export amounted to USD 280.4 billion, import amounted to USD 219.4 billion. Primary exported goods were iron ore, oil, petroleum, soy products, meat, cellulose.
Primary trading partners of Brazil are China, USA, Argentina, Netherlands, Chile, Mexico, Germany, Japan, Portugal and Spain.
GDP of Brazil currently amounts to more than USD 1.445 trillion. In 2018 the growth of the state GDP amounted to around 1,78%.
Service industry is the largest part of the GDP of Brazil. Primary types of services are wholesale and retail trade, transport services, financial services, professional services.
Agriculture amounts to 17.5% of the GDP. Brazil is the largest producer of sugarcane, coffee, soy beans, corn, cotton, cocoa, tabacco, eucalyptus fiber, as well as the largest supplier of tropical fuit in the world. The industrial sector of Brazil amounts to 28.5% of the GDP and includes the production of aircrafts, cars and car parts, machinery, textiles, shoes and cement.
Brazil ranks 25th in the world in terms of export, in 2021 Brazil's export amounted to USD 280.4 billion, import amounted to USD 219.4 billion. Primary exported goods were iron ore, oil, petroleum, soy products, meat, cellulose.
Primary trading partners of Brazil are China, USA, Argentina, Netherlands, Chile, Mexico, Germany, Japan, Portugal and Spain.
Main business activites among foreign entrepreneurs in Brazil are:
Restricted for foreign entrepreneurs are the following business activities:
- car industry
- renewable energy
- oil extraction
- gas extraction
- transport infrastructure.
Restricted for foreign entrepreneurs are the following business activities:
- healthcare
- telecommunications
- insurance
- television, radio
- postal services
- banking and certain financial services
- maritime transport
- air transport.
- Corporate income tax - 15%, additional tax rate of 10% applies to the annual income that exceeds BRL 240,000. Also, a social contribution tax of 9% applies to the total income. Tax returns are filed on an annual basis. Advance income tax payments are made on a monthly, a quarterly or an annual basis
- Dividend withholding tax - 0%
- Interest withholding tax - 15%
- Royalties withholding tax - 15%, additional CIDE tax rate of 10% applies
- Capital gains tax - from 15 up to 25%
- VAT - from 0% up to 35% on state level. Tax returns are filed on a monthly basis
- Personal income tax - from 0% up to 27.5%.
Key types of companies in Brazil are the following:
1. General partnership (Sociedade em Nome Coletivo - S.N.C.)
2. Limited partnership (Sociedade em Nome Coletivo - S.N.C.)
3. Partnership limited by shares (Sociedade em Comandita por Ações - S.C.A.)
4. Limited liability company (Sociedade de responsabilidade limitada - Ltda.)
5. Public limited company (Sociedad Anônima - S.A.)
Individuals and legal entities, either resident or non-resident in Brazil can register these companies in Brazil
To receive a detailed description of the procedure of registering a company in Brazil and information about documents necessary to register a company in Brazil please contact our experts.
1. General partnership (Sociedade em Nome Coletivo - S.N.C.)
2. Limited partnership (Sociedade em Nome Coletivo - S.N.C.)
3. Partnership limited by shares (Sociedade em Comandita por Ações - S.C.A.)
4. Limited liability company (Sociedade de responsabilidade limitada - Ltda.)
5. Public limited company (Sociedad Anônima - S.A.)
Individuals and legal entities, either resident or non-resident in Brazil can register these companies in Brazil
To receive a detailed description of the procedure of registering a company in Brazil and information about documents necessary to register a company in Brazil please contact our experts.
Send a request for company formation in Brazil
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Phone: +44 20 8157 4037
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128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
