Company registration in Brazil

For many entrepreneurs, Brazil is offshore, in which it is profitable to run business, optimizing the tax burden. At the same time, the country's fiscal system is rather complicated. There are many taxes, even VAT can be of two types, so it is better to work here, with a professional support.

The company's registration in Brazil takes on the average from 1 to 3 months. Here you can:

• provide services;
• work in industry field;
• engage in trade;
• to carry out export-import operations.

Some activities require licenses: RADAR (import, export), ANVISA (production and trade of consumer products), CETESB (ecology) and so on.

A selection of organizational and legal form

Most often, the companies are registered in such a way that entrepreneurs would not be liable by personal property. In Brazil, this criterion is met by:

• Sociedade Anônima is a closed or open-type corporation in which 100% of shareholders can be foreigners (individuals and legal entities). The company can be established by two shareholders, the upper limit is not limited. The liability of shareholders is limited to a shareholding. The amount of the authorized capital in the legislation is not strictly specified (only for financial and insurance companies), but there is a requirement to pay at least 10% of the capital announced upon registration. Managing unit - at least two resident directors. Publication of annual financial statements is mandatory.
• Sociedade por quotas de responsabilidade limitada is a closed-type company that foreign individuals and legal entities can own for 100%. The liability of the company members is limited by their shares. The requirements for payment of the declared capital are similar to those that are applied to Sociedade Anônima. It is enough to appoint one director to manage the company. He is a resident of Brazil. There are no requirements for mandatory appointment of auditors and publication of copies of annual financial statements.

Registration procedure

The establishment of the company in Brazil is possible without a personal presence. For this purpose, a trusted person is appointed. Having determined the direction of activity, they are proceeding to the preparation of a package of documents. The main list is as follows:

• documents certifying the identity of physical partners, and statements that testify to representations for legal entities, - certified copies are provided;
• residency certificates;
• taxpayer's certificate - for the director and partners (private and legal entities);
• a power of attorney in the name of the director, on the basis of which he is entrusted with powers, including a representation of the company in the Ministry of Revenue, the Central Bank of Brazil, the Ministry of Labor.

This list can be extended and adjusted in each individual case. All documents are provided in English, notarized, legalized by a diplomatic mission, consulate or embassy in Brazil.

Enlisting in the Registries

A registration of a company in Brazil involves its registration in the register of taxpayers of the jurisdiction, the state register of revenues and municipal fees. In addition, it is necessary to obtain CADEMP number from the country's Central Bank, RDE-IED. Directors of companies that do not have Brazilian citizenship should effect a work permit and a permanent visa.

All bureaucratic and organizational arrangements for the preparation and registration of the company will be undertaken by experts of "Prifinance" company. We will save time, reduce to zero the risk of errors and violations of Brazilian legislation.