Set up a Limited Liability Company in Brazil

Updated on Thursday 26th October 2017

Rate this article
based on 1 reviews


Set up a Limited Liability Company in Brazil Image
Registering a limited liability company in Brazil is an easy process which can be entirely explained to both local or foreign entrepreneurs by our team of company formation agents in Brazil. An LLC in Brazil can be set up by at least two stockholders and no minimum share capital, in complete accordance with the Brazilian Civil Code. In matters of documents, our advisors can offer comprehensive support.
 

Phases in opening an LLC in Brazil


LLCs in Brazil are preferred entities for doing business in the country. The registration process is easy, and one should know that this entity offers limited liability to the owners, in accordance with a number of investments in the company. Regarding the paperwork and other requirements, please consider the following for your LLC in Brazil:

•    make a reservation for the company’s name;
•    prepare the Articles of Association and the Memorandum;
•    provide information about the owners (name, address, nationality);
•    offer details about the business address;
•    appoint the board of directors;
•    provide a statement which mentions that the owners have a clear criminal background;
•    open a bank account;
•    apply for VAT and other tax purposes;
•    acquire the company’s seal;
•    register for a social security number.

Please consider that a limited liability company in Brazil must have a local administrator, especially if you are a foreigner who wants to start a business in the country.
 

Registering for tax purposes in Brazil


Once the identification number of your company has been issued by the Board of Trade in Brazil, the owners of an LLC in Brazil must apply for a taxpayer number with the National Registry of Legal Entities in the country. This is an important number which represents an agreement with the Federal Revenue Service in tax matters. The process has been simplified, as the authorities implemented the National Network for Simplification of Registration and Legislation of Business in Brazil where entrepreneurs can easily apply for a taxpayer number. We remind that in documents issues for LLCs in Brazil, our local advisors can offer assistance and information.


Apply for licenses and permits for your LLC in Brazil


Most businesses in Brazil cannot start the activities if a license is not issued. A business license is granted if the owners provide the real estate clearance certificate, the Articles of Association, the taxpayer number, notarized ID or passport copies, and the statement of the responsibility of the company. Please consider that there are businesses which cannot perform activities without a sanitary license.

We are a team specialized in company formation in Brazil who can assist you when registering a limited liability company in Brazil. Please feel free to contact us for complete information.

Comments

There are no comments

Please note that URLs are not allowed in the message.

*
*