Corporate Lawyer – How to Incorporate a Company in Brazil?

After an economical recession Brazil is economically developing again

Brazil is rebuilding its economy after years of severe financial problems.

Brazil has gone through a difficult economic period in the last few years and it’s slowly rebuilding its economy again. According to the OECD, inflation dropped in 2017, the GDP is growing again and special policies are being introduced by the Brazilian government to support the economic recovery of the country. The economic growth of Brazil makes the country attractive again for foreign investments which can also support further economic developments. In this article, we tell you everything that you need to know if you are interested in starting a Limited Liability Company (Sociedad Limitada: Ltda) in Brazil!

 

How to form a company in Brazil? The FAQ’s about Incorporating a Company in Brazil?

  • The most used legal entity in Brazil for foreigners is a Limited Liability Company
  • There is no minimum start-up capital 
  • Starting a company in Brazil will take around 20-45 days
  • A company can be formed remotely
  • A company can be administered remotely
  • The company needs a domestic address
  • Partners need a legal representative
  • Partners have to name an administrator (which is not necessarily a partner but needs to have residency in Brazil)
  • Minimum of 2 shareholders which can be foreigners, Brazilian individuals or a Legal Organisation.

Which Documents Are Required to Incorporate a Company in Brazil?

Required documents for the incorporation of company in Brazil

To incorporate a company in Brazil, your documents must be notarized, registered or appostiled at a Brazilian consulate.

The following documents are required when you want to incorporate a Ltda company in Brazil:

  • 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.

What is the Process for Incorporating a Company in Brazil?

Brazil has a long incorporation process which involves at least 40 steps. To make this process clearer, we will outline some of the most important aspects: 

  1. All the required documents for the incorporation must be translated by a public sworn translator (in Brazil).
  2. All the required documents and translations must be registered in Brazil.
  3. Obtain an identification number (CNPJ: Cadastro Nacional da Pessoa  Jurídica) and a taxpayer identification number (CPF: Cadastro de Pessoas Físicas).
  4. Draft the Articles of Incorporation.
  5. File the Articles of Incorporation with the Commercial Registry or the Civil Registry Office.
  6. Enroll the Articles of Incorporation with the Legal Entities Taxpayers Registry of the Brazilian Internal Revenue Service (CNPJ)

Where Can I Find More Information about incorporating in Brazil?

Do you want to know more about the many business opportunities that Brazil? At Biz Latin Hub, a global law with a local perspective, we have a team of professionals that are happy to answer all of the questions you may have about starting a business in Brazil. Please contact our director and founder, Mr Craig Dempsey, at [email protected] to find out how we can help you!

Watch this video to find out more about our services!

 

 

 

Receive the latest news and advice about expanding your business globally.


Subscribe to our newsletter to receive the latest business news and advice about entity formation, legal entity compliance, accounting, back office and fiscal requirements.

  • This field is for validation purposes and should be left unchanged.

Marketing permission: By submitting this form, I give my consent for Biz Latin Hub to be in contact with me via email using the information that I have provided in this form and for the purpose of providing me updates about doing business, entity formation, legal entity compliance, accounting, back office services, PEO and/or for marketing purposes.

What to expect: If you wish to withdraw your consent and stop hearing from us, please simply click the unsubscribe link at the bottom of any email that we send or contact us at [email protected]. We value and respect your personal data and will do the utmost to protect it. To view our privacy policy, please visit the Biz Latin Hub website. By submitting this form, you agree that we may process and use your information in accordance with the stated terms and conditions.

Tags: Brazil | Business | Company | Incorporation

Categories: Brazil | LATAM

Pin It on Pinterest

Share This

Share This

Share this post with a friend or colleague!