Register a Company in Brazil with Block3 Finance
Registering a company in Brazil is a streamlined process when you know the required steps. With Block3 Finance by your side, you can focus on growing your business while we handle the registration process.
At Block3 Finance, we provide a seamless and efficient service to get your Brazilian company operational within the desired timeframe.
Our service package includes
Brazil company registration
CNPJ registration
Local company secretary and registered address
Local nominee resident director
Opening a local or international corporate bank account
Annual accounting and tax services
How long does it take to register a company in Brazil?
Steps to register your Brazilian company
At Block3 Finance, we will complete the process of registering your company in Brazil within 12 weeks. After receiving the required due diligence documents and paperwork from the directors and shareholders, we will check for the availability of your preferred business name through Brazil’s Board of Trade or Commercial Registry.
Incorporating in Brazil can be done remotely, so you will not be required to travel during the registration process.
Upon successful registration of your company, you will receive all necessary documents, including the certificate of incorporation, memorandum & articles of association, and a register of directors and shareholders. These documents will contain the Brazil company registration number.
Within 4 weeks of registration, Block3 Finance will assist in opening a corporate bank account with a local Brazilian bank or an international bank, depending on your business goals and objectives.
Additionally, we will apply for your CNPJ registration, which will officially recognize your company as a taxpayer in Brazil.
You can expect to start operations and issue invoices with your new Brazilian company within 16 weeks of engaging Block3 Finance.
Can foreigners start a business in Brazil?
Yes, foreigners can start a business in Brazil. Brazil has become an attractive destination for foreign investment, thanks to its large economy, strategic geographical location, and pro-foreign investment policies. With Brazil's size and economic potential, it provides an excellent opportunity for foreign investors.
To set up a business in Brazil as a foreigner, you will need to register with the National Trade Register Office and comply with the necessary requirements.
Types of Companies in Brazil
Brazil offers several types of business entities for international investors. At Block3 Finance, we will guide you through the process and help you choose the best entity for your business.
Brazilian business entities are subject to a Corporate Income Tax Rate of 15%, with a 10% surtax for businesses earning more than US $46,000, and a 9% social contribution tax on adjusted net income, resulting in an effective tax rate of about 34%.
Limited Liability Company (LLC): This is the most common business structure for foreign investors in Brazil. LLCs are considered separate legal entities, meaning business owners are not personally liable for company debts.
Minimum 2 shareholders are required, with full foreign ownership allowed.
1 local resident director is required.
No minimum capital requirement.
Branch Office :A branch office allows international companies to expand their operations in Brazil as an extension of the parent company.
No minimum number of directors.
1 Brazil resident manager is required.
Representative Office (RO): Foreign investors can also establish a Representative Office in Brazil to explore investment opportunities, conduct market research, and promote their business. However, the activities of a Representative Office are limited to non-commercial purposes.
At least one Brazil-based resident manager must be appointed.
How to Register a Company in Brazil?
1. Choosing an Optimal Business Structure: The first step is to select the correct business entity. Block3 Finance will assist you in determining the most appropriate business structure for your goals. The most common choice is the Limited Liability Company (LLC).
2. Reservation of Company Name: We will check the availability of your desired company name and reserve it with the Brazil Junta Comerciais (Board of Trade).
3. Preparation and Submission of Documents: You will need to provide KYC documents, including notarized passport copies and proof of address for directors and shareholders. Block3 Finance will handle the preparation of corporate documents such as the business plan and Articles of Association.
Once the documents are ready, we will submit them to the Board of Trade for company formation.
4. Corporate Bank Account Opening: After your company is registered, we will help you open a corporate bank account with a local or international bank. Directors and shareholders typically do not need to travel for this step, but if needed, we will assist in arranging a meeting.
5. Tax Registration: We will apply for your CNPJ registration with the Department of Federal Revenue Service to recognize your company as a taxpayer.
6. Business License Application: Depending on your business activities, you may need a business license. Block3 Finance will assist in applying for the necessary licenses and permits.
What is the best business to start in Brazil?
Brazil’s economy is diverse, with booming sectors in Services, Industry, and Agriculture. The services sector, which contributes nearly 70% of Brazil’s GDP, offers excellent opportunities in financial services, hospitality, and tourism.
Additionally, Brazil’s agriculture and manufacturing sectors are strong, with Brazil being one of the largest exporters of agricultural products in the world.
FinTech is another growing sector, with Brazil having the highest number of FinTech companies in Latin America.
Is Brazil a good place to start a business?
Brazil offers a favorable business environment for foreign investors, with the largest economy in Latin America and a growing digital economy. However, there are challenges, such as navigating tax regulations and language barriers.
At Block3 Finance, we provide expert guidance to help you successfully set up your business and stay compliant with Brazilian regulations.
Contact Us If you're ready to take the next step in setting up your company in Brazil, reach out to Block3 Finance. Our team of experts will guide you through the process, ensuring a smooth and efficient experience.
