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ENGAGEMENT COSTS Year 1 incorporation US$21,500 * Annual fees from Year 2 US$5,750 * Resident director fee Company de-registration * Total fee depends on corporate structure and range of professional services required.
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| BRAZIL NEWS | |
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If properly-structured, Brazil company formation is an excellent way to legitimately conduct international business in Brazil and South America. Brazil company formation is challenging because of complex and inconsistent company formation regulations from state to state. The following information will help you determine whether Brazil company formation is the optimum corporate structure to fulfill your international business objectives: |
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| Advantages of Brazil Company Formation | |
1. |
Brazil company formation allows entrepreneurs to legally conduct business in Brazil, obtain an import license, rent business premises, hire employees and obtain a tax number. |
2. |
Brazil company formation allows 100% foreign ownership. A minimum of two shareholders is required with corporate shareholders being permitted for Brazil company formation. |
3. |
There are no minimum capital requirements with Brazil company formation. |
4. |
Regional governments encourage Brazil company formation with incentives such as tax exemption, access to low-interest loans or reductions in import duties for certain raw materials. |
5. |
Healy Consultants will open corporate bank accounts to support Brazil company formation. |
6. |
Brazil has signed double taxation treaties with several key trading partners around the world, including Argentina, Canada, China, France, Germany, India, Italy, Japan, the Netherlands, South Korea and Spain. To see a full list of the countries that Brazil has signed such treaties with, follow this link. |
| Disadvantages of Brazil Company Formation | |
1. |
Brazil company formation is time-consuming and complex because of inefficient bureaucracy and inconsistent regulations. According to the 2008 Doing Business Survey by the World Bank, Brazil is the world's 122nd easiest place to do business. The survey measures factors including business start up procedures, time, cost and minimum capital required to start a business. |
2. |
Under Brazil company formation law, a minimum of two directors is required, one of which is required to be a Brazil resident. |
3. |
Brazil has a corporate tax rate of 15% for annual profits up to US$110,000, and a 25% corporate tax thereafter. Under Brazil company formation law, capital gains are taxed as profit. Brazil is negatively ranked as the world's 101th freest economy in the Heritage Foundation’s 2008 Index of Economic Freedom, a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets. |
4. |
Brazil is a politically unstable country. Brazil is perceived poorly as the 72nd least corrupt country in the world, according to the 2007 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.
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5. |
Brazil is poorly ranked as the world's 72nd most
competitive economy in the
World Bank's Global Competitiveness Report 2007-2008. |
| Other Information | |
Refer to the following links to read more information on Brazil company formation:
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| Contact Us | |
For more information on Brazil company formation, email email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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ENGAGEMENT COSTS Year 1 incorporation US$21,500 * Annual fees from Year 2 US$5,750 * Resident director fee Company de-registration * Total fee depends on corporate structure and range of professional services required.
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| BRAZIL NEWS | |
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