| Enterprise Creation in Brazil |
Enterprises in Brazil may be classified as open or closed. Shares of open companies are traded at the stock exchanges and are regulated by Law 6404/76 with alterations by Laws 9457/97 and 10303/01. Closed companies, on their turn, are regulated by the new Civil Code.
The basic requisites for foreigners to constitute a Brazilian enterprise are: the investor must have a Brazilian partner; he/she must participate with USD 80,000.00, and must obtain a permanent visa. Know more details on necessary requisites.
The choice of the headquarter location is a relevant step in order to minimize the tributary effects. The rates of the Tax on Services (ISS) and the Tax on Circulation of Goods and Services (ICMS) may be reduced depending on the Company headquarter location. Get in touch with us.
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The huge Brazilian consumer market is one of the features that are strongly attractive for foreign investors.