Brazil is the largest country in South America and the world’s 6th largest economy by GDP. It is also home to the world’s 5th largest population, with a GDP per capita of $11,600. Brazil is to play host to the 2014 Football World Cup and the 2016 Summer Olympic Games, which will be taking place in Rio de Janeiro. This means that there will be a huge amount of investment in the country, with a number of football stadiums being upgraded and built new. Take advantage of this exciting opportunity by registering a company in Brazil. CompanyRegistrationsWorldwide.com can assist you the company formation procedure. Contact us for more information on setting up a company in Brazil.
There are many types of companies which can be registered pursuant to Brazilian law, the most common being:
- Sociedade por Quotas de Responsabilidade Limitada, or Ltda
- Sociedade Anônima or S.A.
Setting up a Brazilian Ltda – what are the main features?
- A mixture between a partnership (in the pure English sense) and a company
- “Partners” are effectively shareholders of the company and have limited liability
- Partners (even those who are not directors) however, are still personally liable for many things, such as for debts under the draconian Brazilian Labour Code
- Can only be a private or closely-held company
- Requires two partners, each partner must have a legal representative in Brazil, this can be any Brazilian or other person with residency in Brazil
- There is no minimum capital requirement except for certain types of companies such as export/import and trading companies
Setting up a Brazilian S.A. – what are the main features?
- Similar to a U.S. corporation
- Its capital is divided into one or more classes of shares, which can be offered to the general public or closely held by only a few shareholders
- The company must have at least 2 partners
- Foreign partners of the business need to be enrolled with the Federal Revenue Office
- Brazilian law taxes companies on their size, not type, so your revenue will be the determining factor with regards to the tax your company needs to pay
- There are no minimum share capital requirements, except in specific situations
Take advantage of this exciting market and let CompanyRegistrationsWorldwide.com’s experienced professionals guide you through the company formation process. For more information please contact us.