How to register a business in Brazil in 7 steps

How to register a business in Brazil in 7 steps

When starting a business in Brazil, you will need to consider the following aspects:

Legal representative: Under Brazilian law, companies operating in the country must appoint a legal representative who can represent them before local authorities, clients, and partners. This representative must be either a Brazilian citizen or a foreigner with a permanent visa and a fixed residence in Brazil.

Appointing a legal representative is a crucial decision that comes with significant responsibilities and the potential to greatly influence your operations. Therefore, it's important to choose someone with a background in law or accounting, as well as experience in the local market. To register a business in Brazil, you will need to complete the following steps:

Step 1: Obtain a local Brazilian tax identification number

To register a business in Brazil, you need a minimum of two shareholders to acquire Brazilian tax identification numbers. Companies refer to this as the CNPJ, while individuals must obtain the CPF.

Step 2: Appoint a legal representative

You will need to appoint a legal representative in Brazil to represent your company. You'll need to draft and sign a Power of Attorney (POA) so that they can act on your behalf.

Step 3: Draft the company bylaws

To register a business in Brazil, you and your legal representative must draft your organization's bylaws. This includes information regarding the nature and structure of the business, as well as information on internal procedures.

Step 4: Register your business' bylaws

Once the company drafts the bylaws, it can register with the local Board of Trade and other important local authorities.

Step 5: Open a corporate bank account

When authorities accept your company's registration, you can open a company bank account. The legal representative may have advice on which provider is best to choose based on your business's activity in Brazil.

Step 6: Register the paid capital

After opening the corporate bank account, you will be able to register the paid capital with the Central Bank.

Step 7: Register a business in Brazil by depositing the initial capital

Finally, you can complete the process of business registration by making the initial deposit of capital into the corporate bank account.

Why Partner with Berg&Co?

Choosing Berg&Co as your partner means more than just consulting; it means having a dedicated ally committed to your success in Brazil. Our local expertise, combined with a comprehensive approach to business strategy, legal compliance, and financial planning, ensures your company's successful launch and long-term prosperity.

Embark on Your Brazilian Business Adventure with Confidence

With Berg&Co's guidance, opening a company in Brazil becomes a clear and attainable goal. Let us help you turn the complexity of the Brazilian market into your competitive advantage, paving the way for your successful business venture.

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