Having a representative office in Brazil is a solution for international businessmen looking forward to doing business abroad. Unlike a limited liability entity, it allows you to avoid spending on capital since there is no investment capital requirement. Hiring a local sales Representative in Brazil also helps you to avoid wasting your time since it allows you to experiment in the market until you decide to establish a company.
When you are not familiar with the process of opening a business in Brazil, you might be faced with several steps and processes that can seem confusing, lengthy and nearly impossible to unravel at first. Therefore, in order to better help you understand and navigate this process, we have summarized the most important aspects of opening a business in Brazil into a short step-by-step guide, listing best practices for investors wishing to settle in Brazil.
In Brazil, there are three types of company structure: Ltda (limited company), EIRELI (Limited liability company) and S/A (anonymous society). Therefore is very important to you understand the differences and similarities between them in order to incorporate your business in the best structure, check this article and avoid problems in the near future.
The most common companies types: A comparison between Limited Liability Corporations "S/A" and Companies "LTDA"
There are two types of partnership in Brazil - Sociedade Limitada (Ltda.) and Sociedade Anônima (S.A.) and these are distinct in their structures and regulatory norms. Therefore is very important to you understand the differences and similarities between them in order to incorporate your business in the best structure, check this article and avoid problems in the near future.
Launching your business in another country: A comparison between Brazil and Russia company formation procedures