Brazil company registration

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Brazil company registration

DOING BUSINESS IN BRAZIL

Since 2003, Healy Consultants 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 solutionPLCFree zoneLLPBranch of foreign companyRep office
Best use of company?Trading companyTrading companyTrading companyBrazil manufacturing and exportServices companyConsolidated income and expensesMarketing and research
Legally tax exempt if properly structured?NoNoNoYesNoNoYes
Corporate bank account location?SCBBradescoSantanderCitibankBanco do BrasilPANCaixa
Client must travel to Brazil?NoNoNoNoNoNoNo
Can secure trade finance?YesYesYesYesYesYesNo
Limited liability entity?YesYesYesYesYesNoNo
VAT payable on sales to local customersYesYesYesNoYesYesNo
Withholding tax on payments to overseas shareholders?YesYesYesNoNoYesNo
Average total engagement costs?US$23,430US$63,300US$24,930US$24,259US$23,430US$26,930US$26,930
Average total engagement period?8 months4 months8 months6 months6 months9 months9 months
Accounting and tax considerationsLLCFast solutionPLCFree zoneLLPBranch of foreign companyRep office
Statutory corporation tax payable?34%34%34%25%0%34%0%
Must file an annual Brazil tax return?YesYesYesYesYesYesNo
Effective corporation tax rate on net profits of US$250,000?34%34%34%0%0%34%0%
Must file annual financial statements?YesYesYesYesYesYesNo
Investment income is legally tax exempt in Brazil?NoNoNoNoNoNoNo
Access to double taxation treaties?YesYesYesYesYesYesNo
This entity enjoys Government incentives?YesYesYesYesYesYesNo
Monthly VAT reporting to the Government?YesYesYesYesYesYesYes
Legally tax exempt entity?NoNoNoNoYesNoYes
Dividends received are legally tax exempt?NoNoNoYesNoNoNo
VAT payable on sales to local customers25%/20%25%/20%25%/20%0%25%/20%25%/20%0%
Withholding tax on payments to parent company?0%0%0%0%0%0%0%
Company registrationLLCFast solutionPLCFree zoneLLPBranch of foreign companyRep office
Brazil resident director\partner\manager required?YesYesYesNoYesYesYes
Minimum number of shareholders\partners?2222211
Minimum number of directors\managers?1131111
Minimum paid up share capital?US$1US$1US$50,000
(recommended)
US$1US$1US$1US$1
Shelf companies available?YesYesYesNoNoNoNo
Time to incorporate a new entity?5 months3 months5 months3 months3 months6 months6 months
Can easily convert to a local PLC company?YesYesNoYesNoNoNo
Can have preference shareholders?NoNoYesNoNoNoNo
Business considerationsLLCFast solutionPLCFree zoneLLPBranch of foreign companyRep office
Can invoice local customers?YesYesYesYesYesYesNo
Can hire local staff?YesYesYesYesYesYesYes
Can rent local office space?YesYesYesYesYesYesYes
Secures a residence visa for business owner?YesYesYesYesYesYesYes
Good entity for trademark registration?YesYesYesNoYesNoNo
Other useful informationLLCFast solutionPLCFree zoneLLPBranch of foreign companyRep office

Brazil has signed free trade agreements?Yes, see this page
This country is a member of WIPO and TRIPS?Yes
The country is a member of the ICSID?No
Average custom duties suffered?10%
Government foreign investment approval is required?Yes
Average monthly office rental? (US$ per sq m)55
Minimum statutory monthly salary?1,600
Average monthly US$ salary for local employees?567
Brazilian Real deposit interest rate? (1 year average)14.25%
US$ deposit interest rate? (1 year average)0.7%
Overseas remittance currency controls?No
Public register of shareholders and directors?Yes
Banking considerations
Multi-currency bank accounts available?Yes
Corporate visa debit cards available?No

Quality of e-banking platform?GoodGoodGoodGoodGoodSatisfactoryGood

Company registration

  • Time to incorporate: Twenty weeks
  • Cost to set up: US$23,430
  • 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