What Encourages Investors to Start Their Business in Brazil?
- Brazil’s economy is the sixth largest in the world, along with Italy, France and United Kingdom.
- Brazil’s technology and information systems are the most developed among the South American countries.
- Brazil has developed its efficiency in producing diesel and ethanol, the thing that strengthens its economy.
- Brazil has a solid infrastructure that helps strengthen its other trade ties. It has 67 airports and 46 ports.
- Brazil is the largest exporter of coffee, sugar cane, iron ore and ethanol.
Also read: A Simplified Definition of Commercial Law
What are the Procedures for Establishing a Company in Brazil?
- Choosing a company name and preserving it.
- Choosing a headquarters.
- Applying to register with the Federal Tax Agency.
- Paying the incorporation fee.
- Registering in the city’s commercial registry.
- Registering with social security.
- Registering in the municipality’s taxpayer registry.
- Obtaining a digital certificate to use electronic invoices.
- Obtaining a business license.
- Paying the fees to the municipality to inspect and check the facilities.
- Notifying the Ministry of Labor.
- Registering with the employers syndicate and the workers syndicate.
Types of Companies in Brazil
- Limited liability company.
- Limited liability corporation.
- Union of multiple companies.
- One-person limited liability company.
- Branch of a foreign company.