Brazil company registration

DOING BUSINESS IN BRAZIL IN 2022

pay fee by instalmentsbusiness setup without travelGuaranteed solutions

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.

Compare different Brazil entities LLC Fast business solution Free zone LLC One Person LLC (“EIRELI”) Representative office Branch office
Also known as Sociedade Limitada Solucao rapida Zona franca Empresa Individual de Responsabilidade Limitada Agencia Filial
Best use of company? All products and services Close a customer deal now Manufacturing and export trading 100% foreign ownership Marketing & research Specific projects
How soon can you invoice Clients/sign sales contracts? 5 months 2 months 5 months 5 months Cannot trade 5 months
How soon can you hire staff? 5 months 2 months 5 months 5 months 5 months 5 months
How soon can you sign a lease agreement? 5 months 2 months 5 months 5 months 5 months 5 months
How long to supply corporate bank account numbers? 6 months 2 months 6 months 2 months 6 months 6 months
How long to supply company registration / tax numbers? 6 months 2 months 6 months 6 months 6 months 6 months
Corporate tax rate on annual net profits? 15% 15% Up to 75% reduction 15% 0% 15%
Corporate tax rates companies annual turnover less than US$75,000? 15% 15% Up to 75% reduction 15% 0% 15%
Limited liability entity? Yes Yes Yes Yes No No
Government approval required for foreign owners? In certain industries In certain industries In certain industries In certain industries Yes Yes
Resident director/partner/manager/ legal representative required? Yes Yes Yes Yes Yes Yes
Minimum/recommended paid up share capital? US$50,000* US$50,000* US$50,000* US$50,000* none none
Corporate bank account location? Standard Chartered Bradesco Santander Citibank Itau Caixa
Average total business set up engagement costs? US$42,180 US$36,630 US$24,259 US$40,330 US$26,930 US$29,330
Average total engagement period? 8 months 8 months 8 months 8 months 8 months 8 months


*recommended: US$50,000, depending on business activity

See full table

Accounting and tax considerations LLC Fast business solution Free zone LLC One Person LLC (“EIRELI”) Representative office Branch office
Statutory corporate tax payable? 34% 0% 34% 34% 0% 34%
Legally tax exempt if properly structured? No No Yes No Yes No
Government grants available? Yes Yes Yes Yes No Yes
Must file an annual tax return? Yes Yes Yes Yes Yes Yes
Must file annual financial statements? Yes Yes Yes Yes Yes Yes
Must appoint an auditor? No No No Yes No No
Access to double taxation treaties? Yes Yes Yes Yes No Yes
Average federal VAT payable? 20% 20% 20% 20% None 20%
Company Registration LLC Fast business solution Free zone LLC One Person LLC (“EIRELI”) Representative office Branch office
Resident director/partner/manager/ legal representative required? Yes Yes Yes Yes Yes Yes
Minimum number of shareholders/partners? 2 2 2 2 Parent company Parent company
Minimum / recommended statutory paid up share capital? US$1 US$1 US$50,000 US$50,000 none none
Shelf companies available? Yes Yes No Yes No No
Time to incorporate a new entity? 5 months 2 months 5 months 5 months 5 months 5 months
Can easily convert to a PLC? Yes Yes Yes Yes No No
Public register of shareholders and directors? Yes Yes Yes Yes Yes Yes
Can have preference shareholders? Yes Yes Yes Yes No No
Business Considerations LLC Fast business solution Free zone LLC One Person LLC (“EIRELI”) Representative office Branch office
Can bid for Government contracts? Yes Yes Yes Yes No Yes
Can secure trade finance? Yes Yes Yes Yes No Yes
Good entity for trademark registration? Yes Yes Yes Yes No No
Can secure an import and export license? Yes Yes Yes Yes No Yes

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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Contact us

For additional information on our company registration services in Brazil, please contact our in-house country expert, Ms. Lee Wen Bin, directly:
Consultant at HC - Wen Bin
  • Ms. Lee Wen Bin
  • Client Engagements Department, Deputy Director
  • Contact me!