Company Formation Process Brazil?
For the updated version please visit the following page: https://www.bizlatinhub.com/company-formation-brazil/ Doing Business in Brazil - Provided is a detailed guide on the process for incorporating a company in Brazil, including information on the types of companies in Brazil, the duration to form a company in Brazil, information about the initial capital requirements for a new legal entity in Brazil and other key requirements for establishing a company in Brazil. Furthermore, the steps on how to form the most common type of company in Brazil and to open a corporate bank account are provided. Brazil remains one of the most attractive Latin American countries to do business in. In addition to having both the largest workforce and GDP in Latin America, Brazil has the 9th largest economy in the world. This leading regional economy tops the Latin American list of countries receiving FDI, and it is no surprise. A diversified economy, a large pool of educated workers, an extensive supply of raw materials and strategic geographical location make Brazil a great place to do business in. Learn how to set-up a company in Brazil and take advantage of all that the country offers. Proudly provided by the Biz Latin Hub Group - www.bizlatinhub.com - Latin America´s leading provider of Market Entry and Back-Office Services in both English and Spanish.
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Company Formation Process Brazil?
- 1. Brazil – How to Form a Company in Brazil? www.bizlatinhub.com
- 2. ABOUT US The Biz Latin Hub Group was established in 2014 to assist both local and foreign companies doing business in Latin America, by providing a full suite of multilingual Commercial Representation and Back Office Services. The group is owned and managed by an experienced team of local and expat professionals, dedicated to assisting clients to navigate their way through the complexities of Latin American business environment. www.bizlatinhub.com
- 4. www.bizlatinhub.com Step 1 – Choose the Style of Structure for Your Business Needs Limited Liability Company There are number of different legal structures you can choose from when forming your company: • Limited Liability Company (Ltda.) • Limited Liability Corporation (S/A) • Silent Partnership (SCP’s) • Consortium • Single Holder Limited Liability Entity (EIRELI) The majority of companies that are set up in Brazil are Limited Liability Companies (Ltda.) This presentation will outline the process of setting up a:
- 5. www.bizlatinhub.com Key Considerations When Forming a Company in Brazil • Yes Is Foreign Ownership Allowed? • Yes Can Company Sponsor Foreign Employees? • No Capital Controls • 20-45 days How Long Does it Take (Including Bank Account) • No Minimum Capital? • Yes Requires a Fiscal Address and Legal Representation? • Brazilian Real Currency • 2 Min Number of Shareholders
- 6. www.bizlatinhub.com Step 2 – Power of Attorney Get the ball rolling… • Whether you have someone you trust in Brazil, or you need to hire the services of a third party to incorporate a Company on Brazilian soil, a power of attorney must be drafted and signed. • The idea is to provide the agent with all documentation needed to represent you or your foreign company in the country so that you can form the company in a lawful manner.
- 7. www.bizlatinhub.com For the incorporation you need the following documents: • A copy of your passport. • A Power of Attorney (POA), which is a document that allows you to nominate a person or organization to run your business if you become unable to do it. • The Articles of Incorporation (AOI), which is a document that secures the existence of the company. • A Company letter. • Provision of a Curriculum Vitae/legal entity brochure which is sometimes mandatory. Step 3 – Required documents
- 8. www.bizlatinhub.com Step 4 - Translation All the required documentation that you need for the incorporation of a company needs to be translated by a publicly sworn Brazilian translator.
- 9. www.bizlatinhub.com Step 5 - Registration The go-to place… All the required documentation has to be registered at the Board of Trade (Junta Comercial) in Brazil.
- 10. www.bizlatinhub.com Step 6 - Identification Tax Number It is quicker than it sounds.. After the registration, it is imporant to obtain an identification number: Cadastro Nacional da Passoa (CNPJ). Besides that you will need a taxpayer identication number: Cadastro de Pessoas Físicas (CPF).
- 11. www.bizlatinhub.com Step 7 – Articles of Incorporation Almost there… One of the last important steps is to draft the Articles of Incorporation. Once this is done, you need to file the Articles of Incorporation with the Commercial Registry or the Civil Registry Office.
- 12. www.bizlatinhub.com Step 8 – Enrollment of the Articles Get the wine opener ready! Enroll the Articles of Incorporation with the Legal Entities Taxpayers Registry of the Brazilian Internal Revenue Service (CNPJ).
- 15. OUR SERVICES www.bizlatinhub.com • Commercial Representation Services • Company Formation Services • Visa Processing Services • Accounting & Finance Services • Legal Services • Due Diligence Services • IT Support Services • Recruitment Services
- 16. RECENT ARTICLES www.bizlatinhub.com Corporate Lawyer – How to Incorporate a Company in Brazil? Mining Lawyer: What Are the Investment Opportunities for Lithium in Chile and Argentina? Why Invest in the Brazilian Mining Industry?