:
registration of legal entity

Cost of registration The cost of the second year Number of Directors Corporate tax rates Payment of Charter Capital Financial statements
4875.00 USD 2550.00 USD 1 15.00% 0.00 Yes

Brazil, officially known as the Federal Republic of Brazil. The capital city of Brazil is Brasilia. It is the only Portuguese speaking country on the American continent. It is bordered by the Atlantic Ocean (east), Paraguay and Argentina (southwest), French Guiana, Suriname, Guyana, Venezuela (north), Colombia (northwest), Peru and Bolivia (west) and Uruguay (south).

The official currency of Brazil is the Brazilian Real (BRL) with Portuguese as its official language.

The government of Brazil is the Federal presidential constitutional republic. The population of Brazil is over 210 million people. Brazil is a member of the United Nation, G20, Organization of American States, Union of South American Nations and many more.

The authority responsible for registration and incorporation of companies in Brazil include the Commercial Registry of Brazil.

Benefits of Company Formation in Brazil

  1. Easier incorporation process;
  2. Complete foreign ownership;
  3. No minimum investment requirement;
  4. No foreign currency control;
  5. Double taxation treaties signed with over 20 countries.

 

Business in Brazil: Taxes

  • Corporate tax rate - 15%
  • No Value Added Tax rate
  • No Capital gains Tax
  • No Stamp duty
  • Double taxation treaties signed with over 20 countries.

 

Business in Brazil: Types of Companies

  • Sociedades Limitadas (LTDA) - Limited Liability Company (LLC).
  • Sociedades Anonimas (SA) - Corporations.
  • Branch or representative office of a Foreign Company.

Note that the registration of a foreign Company requires authorization from the Brazilian Ministry of Development, Industry and Foreign Trade (National Department of Trade Registration) because of the formalities and tax matters applicable to foreign company registration, Law&Trust provides a subsidiary company registered in another jurisdiction to kick start your business in Brazil.

Bookkeeping in Brazil

  • Annual financial reports requirements - YES.
  • Annual return requirements - YES.
  • Statutory audits - YES.

Company Formation Requirements

  • Certificate of incorporation;
  • The Articles and Memorandum of Association;
  • No minimum share capital requirement;
  • Minimum of two shareholders and directors (no residency requirements);
  • The Legal registered address of the company;
  • Notarized passport copies;
  • Personal details of directors and shareholders;
  • Power of Attorney (POA);
  • Company name and letter;
  • Curriculum Vitae/Legal entity brochure;
  • Company Taxpayer Certificate;
  • Business registration license/certificate.

All foreign documents must be notarized and legalized by the consulate or embassy in Brazil. The documentation should also be translated into Portuguese by an in-house translator, this does not necessarily rule out the services of a private translator.

How to Register a Company in Brazil: The Registration Process

Step 1. Law and Trust works with the client to get the company’s name and activity approval from the Brazilian Commercial Registry;

Step 2. Law and Trust works with the client to secure the Memorandum of Association (MOA);

Step 3. Law and Trust collects, prepares and files the necessary incorporation documents on behalf of the client to the relevant authorities for approval, which will involve:

  • Entering the company (CNPJ) in the taxpayers' registry of Brazil.
  • Obtaining a municipal business license.
  • Entering the company into the state registry of income and municipal fees, in order to obtain ICMS - VAT.
  • Certification of financial and corporate books.
  • Permission to issue receipts (Nota Fiscal) of the company.
  • Authorization from the fire department.
  • Obtaining number CADEMP of the company and its foreign partners from the Central Bank of Brazil.
  • Obtaining RDE-IED between the company and each partner from the Central Bank of Brazil.
  • Obtaining work permits and permanent visas for Directors (in case they are not citizens of Brazil).

These processes stated above are necessary as certain instances may arise when the company is registered with the assistance of foreign capital or financial resources, this kind of investment must be properly accounted for in the Central Bank of Brazil. This is aimed at the allocation of dividends, capital repatriation, transfer of property, etc. 

This registration is carried out through the electronic system of the Central Bank of Brazil (SISBACEN) and the corresponding registration number RDE-IED will be recording all further operations associated with each partner's investment in the company.

Step 4. Law and Trust works with the client to open a corporate bank account in Brazil;

Step 5. Law and Trust deliver the certificate of incorporation personally to the client or via courier service.

 

Brazil Company Formation FAQs

How much does it cost to register a company in Brazil?

The cost of registering a company is US$4875. the total cost includes the preparation of legal documents, company registration, payment of all taxes and fees at the time of registration and legal address for the company (a year).

How long does it take to register a company in Brazil?

It takes from 8 weeks to complete the company registration process in Brazil.

What is the most incorporated company type in Brazil?

The Sociedade Limitada (LTDA) is the most common type of company incorporated in the Federal Republic of Brazil.

Do I need a local registered agent to register a company in Brazil?

No, a local registered agent is not needed to complete the company registration process in Brazil.

Do I require a license to run a business or company in Brazil?

Yes, a license is required to run a business in Brazil but it comes down your company intends to run in this jurisdiction.

Why Incorporate with Law&Trust International?

Benefits of company registration, formation, and incorporation services with Law&Trust International in Brazil include:

Full range of related services: Provision of a full range of legal, corporate, government, and business intelligence related services in Brazil. A detailed overview of our services includes full legal support of the company registration procedure, obtaining a legal address, interaction with the official government authorities of the jurisdiction, state fees, legal address of the company for a year, production and registration of company stamps and advising the client as part of the registration process. Opening a bank account and the cost of these services are discussed during the consultation.

Professionals and expertise of Law: Worldwide registration and legal maintenance of companies, accounting services, and audit, tax planning and optimization, trademark and patent registration. Law and Trust provide clients with the best company incorporation services.

Domestic service: Law&Trust ensure our services cover every region, area or state in Brazil. Be rest assured that no matter where the new company intends to incorporate in Brazil, we’ve got the location covered.

Free initial advice: Free consultation from the lawyers of Law&Trust International regarding strategies or the provision of services for analyzing and developing a legal position on an issue the client raises in Brazil.

Confidentiality: Law&Trust makes use of modern technological features to keep the records and details of every client safe.

Efficiency and productivity: Strategically providing up to date personalized services to help your business succeed.

Ready for Company Incorporation?

If you are interested in registering and incorporating a company in Brazil, contact Law & Trust International by simply sending an email or call now to take your business to the next level!

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General information
Square8 514 880.00
Population205 717 000.00
Unemployment17.80
Telephone code55
Place in the world in corruption73
locationEastern South America, bordering the Atlantic Ocean
ClimateMostly tropical, but temperate in south; avg. maximum temperature (January) +26°; avg. minimum temperature (August) +17°
Literacy rate88.60%
USD exchange rate1.82
GDP per capita101
Credit ratingBBB-
The judiciaryHigher judiciary: The Federal Supreme Court of Brazil, the Supreme Court of Justice. Regional, federal judges, federal judges, the Supreme Court on labor issues, the Supreme Electoral Tribunal, the Supreme Military Tribunal, general and special courts
Executive authorityHead of government: President, Vice-President. Government: Cabinet appointed by the president
Legislative authoritiesbicameral National Congress: Federal Senate (81 seats), the Chamber of Deputies (513 seats)
Corporate information
Opportunity to purchase ready-made companiesНет
The use of the Cyrillic alphabet in the nameНет
Local registered officeНет
Organizational and Legal FormsLimited liability company, joint stock company, branch of a foreign entity
Indication of BPA in the nameltda
Local registered agentНет
Shares and share capital
Bearer sharesНет
Possibility to issue shares without par valueНет
Taxation
VATНет
Basic corporate tax rate15.00%
Capital gains taxНет
Currency controlНет
Corporate tax rates details15% (however, in the amount of premium taxes and deductions from net profit for social insurance rate is 34%)
Stamp dutyНет
Director and Secretary
Minimum number of directors1
The requirement for residency directorsДа
Director of legal entities are allowedНет
The data reveals to the local agentДа
Data field to the public registryДа
The requirement for the presence of the SecretaryНет
Requirement to the residense of the SecretaryНет
Requirements to qualification of the SecretaryНет
Legal entity as the SecretaryНет
Shareholder and beneficiary
Minimum number of shareholders2
Data is entered in the public registerДа
Shareholders residency requirementНет
Information about the beneficiary is disclosedДа
Information may be disclosed to the local agentДа
Shareholders-legal entities are acceptableДа
Reporting
The requirement for filing reportsДа
Open access to reportsНет
Statutory auditНет
The requirement for filing Annual ReturnНет
Open access to the Annual ReturnНет
The requirement for reportsДа
Treaty on avoidance of double taxation (States which signed)24
Membership in the OECDНет
Is it offshore according to Russian legislationНет
Trademark Registration
TM Comprehensive Study TM Registration Request TM Registration Certificate Total
First Class Additional Class First Class Additional Class First Class Additional Class First Class Additional Class
90.00 72.00 580.50 580.50 670.50 670.50 0.00 0.00
«TRADEMARK» refers to «Wordmark» or «Logo»

157.50 108.00 580.50 580.50 670.50 670.50 0.00 0.00
«TRADEMARK» refers to «Wordmark+ Logo»

Prices include all professional and official fees. If the change of official duties or exchange rates prices may vary.

In Brazil, the Trademark Registration Request prices consider using a description identical to the Nice Classification System; if the items are not identical, and a different description is used, an additional fee of USD 60 will apply.
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