Brazil company registration

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Brazil company registration

DOING BUSINESS IN BRAZIL

Since 2003, Healy Consultants Group PLC has assisted our Clients with Brazil business registration. Our experts provide our Clients with the following services i) Brazil company incorporation ii) business license registration iii) immigration solutions iv) recruitment strategies v) corporate banking options and vi) office rentals solutions.

SummaryLLCFast business solutionFree zone LLCPLCRepresentative officeBranch office
Also known asSociedade LimitadaSolucao rapidaZona francaSociedade AnonimaAgenciaFilial
Best use of company?All products and servicesClose a customer deal nowManufacturing and export tradingTo secure public fundingMarketing & researchSpecific projects
How soon can you invoice Clients\sign sales contracts?5 months2 months5 months5 monthsCannot trade5 months
How soon can you hire staff?5 months2 months5 months5 months5 months5 months
How soon can you sign a lease agreement?5 months2 months5 months5 months5 months5 months
How long to supply corporate bank account numbers?6 months2 months6 months6 months6 months6 months
How long to supply company registration \ tax numbers?6 months2 months6 months6 months6 months6 months
Corporate tax rate on annual net profits?34%34%Up to 0%34%0%34%
Corporate tax rates companies annual turnover less than US$75,000?17%17%Up to 0%17%0%17%
Limited liability entity?YesYesYesYesNoNo
Government approval required for foreign owners?In certain industriesIn certain industriesIn certain industriesIn certain industriesYesYes
Resident director/partner/manager/ legal representative required?YesYesYesYesYesYes
Minimum/recommended paid up share capital?US$1US$1US$50,000US$50,000nonenone
Corporate bank account location?Standard CharteredBradescoSantanderCitibankItauCaixa
Average total business set up engagement costs?US$25,830US$36,630US$24,259US$24,930US$26,930US$29,330
Average total engagement period?6 months5 months6 months6 months6 months6 months

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Accounting and tax considerationsLLCFast business solutionFree zone LLCPLCRepresentative officeBranch office
Statutory corporate tax payable?34%0%34%34%0%34%
Legally tax exempt if properly structured?NoNoYesNoYesNo
Government grants available?YesYesYesYesNoYes
Must file an annual tax return?YesYesYesYesYesYes
Must file annual financial statements?YesYesYesYesYesYes
Must appoint an auditor?NoNoNoYesNoNo
Access to double taxation treaties?YesYesYesYesNoYes
Average federal VAT payable?20%20%20%20%None20%
Company RegistrationLLCFast business solutionFree zone LLCPLCRepresentative officeBranch office
Resident director/partner/manager/ legal representative required?YesYesYesYesYesYes
Minimum number of shareholders/partners?2222Parent companyParent company
Minimum / recommended statutory paid up share capital?US$1US$1US$50,000US$50,000nonenone
Shelf companies available?YesYesNoYesNoNo
Time to incorporate a new entity?5 months2 months5 months5 months5 months5 months
Can easily convert to a PLC?YesYesYesYesNoNo
Public register of shareholders and directors?YesYesYesYesYesYes
Can have preference shareholders?YesYesYesYesNoNo
Business ConsiderationsLLCFast business solutionFree zone LLCPLCRepresentative officeBranch office
Can bid for Government contracts?YesYesYesYesNoYes
Can secure trade finance?YesYesYesYesNoYes
Good entity for trademark registration?YesYesYesYesNoNo
Can secure an import and export license?YesYesYesYesNoYes
Maximum shareholding for foreigners?100%
Each foreign director needs a personal income tax number?Yes
Sponsorship by a local citizen required?No
Our Client needs to travel to Brazil for business set up?No
Temporary physical office solutions available?Yes
You need a local resident as bank signatory?Yes
Can be wholly foreign owned?Yes
The entity will likely be regulated by?State Commercial Registry Office
Minimum number of directors/managers?1
Monthly VAT reporting to the Government?Yes
Must sign an office lease agreement during incorporation?No
Shareholders & directors documents to be attested\translated?Yes
Foreign director needs a residence visa?No
Maximum number of staff allowed?No maximum number for any entity
Expatriate to local staff ratio?1/3
Can secure residence visa for business owner?Yes
Other useful information
Withholding tax on payments to foreign shareholders?None
What will be included in my customer sales invoice?Click link
This country has signed free trade agreements?Yes
This country is a member of WIPO/TRIPS?Yes
This country is a member of the ICSID?No
Average custom duties suffered?10%
Government foreign investment approval required?In certain industries
Security deposit to be kept with Government?No
Group HQ tax incentives?No
Average monthly office rental? (US$ per sq m)US$35
Minimum statutory monthly salary?US$297
Average monthly US$ salary for local skilled employees?US$650
US$ deposit interest rate? (1 year average)1.75%
Overseas remittance currency controls?None, but all transactions must reported with the Central Bank
Banking considerations
Multi-currency bank accounts available?Yes
Corporate visa debit cards available?Yes
Quality of e-banking platform?Good
Crowd funding available in this country?Yes

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Company registration

  • Time to incorporate: Twenty weeks
  • Cost to set up: US$24,430
  • Minimum capital: US$1
  • Physical office required: No

Required appointments

  • Shareholders: 2
  • Directors: 1
  • Company secretary: No
  • Resident director: No

Key facts

  • Corporate tax rate: 34%
  • Corporate tax base: Worldwide
  • Shelf companies: Available
  • Main company type: S.L.

Frequently asked questions

Contact us

For additional information on our company registration services in Brazil, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi