Frequently Asked Questions about Brazil
The following are some of the most frequently asked questions about Brazil Company formation:
What is the main advantage of incorporating a Brazilian company?
Can a Brazilian company be 100% foreign-owned?
What is the minimum number of directors/shareholders required for a Brazilian company?
Does a Brazilian company require a resident director?
What are the minimum capital requirements for a Brazilian company?
How much tax does a Brazilian company pay?
Are Brazilian corporate records made available to the public?
What are the main disadvantages of setting up a company in Brazil?
What is the main advantage of incorporating a Brazilian company?
A Brazilian company is used for conducting business in Brazil, opening corporate bank accounts, obtaining government licenses and obtaining work permits for foreign staff.
Can a Brazilian company be 100% foreign-owned?
Yes, there are no nationality restrictions on the shareholding of a Brazilian company.
What is the minimum number of directors/shareholders required for a Brazilian company?
A minimum of two shareholders and two directors is required.
Does a Brazilian company require a resident director?
Yes, at least one company director must be resident in Brazil. However, the director can be of any nationality and can be a corporate body.
What are the minimum capital requirements for a Brazilian company?
There are no minimum capital requirements.
How much tax does a Brazilian company pay?
Brazil has a corporate tax rate of 15% on the first US$110,000 of annual corporate profits and 25% on profits exceeding US$110,000. A Brazilian company is subject to corporation tax on its worldwide income.
Are Brazilian corporate records made available to the public?
Yes. The Articles of Association are available to the public.
What are the main disadvantages of setting up a company in Brazil?
Estabishing a company in Brazil is challenging. Incorporation regulations are complex and vary from state to state, and costs are unclear.
Contact Us
For more information on any of our Brazil corporate services, email email@healyconsultants.com or telephone us at (+65) 6735 0120.
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