Brazil - Establishing an OfficeBrazil - Establishing an Office
Investment options in Brazil include either establishing a company in country or acquiring an existing entity. Creating a new company has become increasingly easier and faster due to government reforms. Based on the World Bank 2017 Doing Business Project, opening a business in Brazil took 79 days, down from 120 days in 2012.
Small and medium-sized companies can benefit from a special tax regime the GoB created to service SMEs called SIMPLES (pronounced SIM-plees). Through this program, it is possible to set up a company within 40 days. It is important to note that the exact timeframe will depend on the city and licenses required; for example, in the city São Paulo, this process usually takes only five days.
The Central Bank of Brazil (Banco Central) monitors acquisitions of existing companies and corporations and limited liability companies are relatively easy to form. Brazilian law requires that foreign capital be registered with the Central Bank. Failure to comply with this law may cause serious foreign exchange losses, as well as problems with capital repatriation or profit remittance. More information for potential investors can be found on the Brazil’s Ministry of External Relations’ website- www.itamaraty.gov.br.Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
Brazil Business Registration