Goiânia, GO, Brazil

 

UPDATED:    28-Aug-08

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Agriculture in Brazil

 

 

Ag Business Brazil

updated: 28-Aug-08


Steps for Setting Up a Company in Brazil

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Foreigners who wish to reside in Brazil in order to start an economical activity (company) may be granted a permanent visa by proving investment of foreign funds. While Brazil is recognized as an excellent business opportunity with over 170 million consumers, many companies are deterred by the language and perceived cultural differences.

There are indeed some obstacles to doing business in Brazil, but the barriers faced by foreign companies are not much different to those faced by domestic companies and are not a real deterrent to doing business.

A foreigner who intends to remain permanently in Brazil and will invest foreign funds in productive activities, so absorbing or training specialized labor.

This category was planned for those foreigners who wish to invest funds (minimum of US$ 50,000) in any kind of productive activity in Brazil. This kind of permanent visa is issued conditionally for five years.

Before this period ends, the foreigner must show to the Federal Police that he accomplished with his plan of absorption of Brazilian employees and his investment plan so his visa can be re-validated. This investment has to be made in a Brazilian company and the funds can be used in the acquisition of real estate and other goods for the company.

The procedural steps are as follows:

1 - Identify Brazilian resident partner to represent you;   

2 - Incorporate company (this takes 45-75 days in Rio de Janeiro ). The company is a "Limitada". It is a personal corporate vehicle and is a hybrid between a partnership and a closed limited company;  

3 - Obtain CNPJ - Corporate tax registration;   

4 - Register the company with the Central Bank for foreign exchange;   

5 - Open bank account for company;  

6 - Transfer investment of US$ 50,000 minimum;   

7 - Process permanent Visa, which will be valid for five years.  After the five-year period, the Federal Police will investigate to see that you have complied with the requirements one of which is to have generated 10 jobs for Brazilians.  

8 - Obtain RNE - Brazilian foreigners ID card;
Source: Alessandro Jacob is a member of the Rio de Janeiro section of the OAB (Brazilian Bar Association). He speaks Portuguese, English, French and Spanish.


marcador Doing Business in Brazil
International Finance Corporation Study 2008

Comprehensive with very valuable information for persons interested in investing in Brazil

 

 


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