Yes​, you don’t need to have a Brazilian partner to start a company in Brazil, however you will need to have a Brazilian Address for the company, Brazilian resident Administrator, and Brazilian resident legal representative, in order to form a Brazilian company (Ltda) and obtain a Corporate Bank Account.

The registration process for company formation of Sociedade limitada/LTDA (Limited Liability Company/LLC) take approximately 20-45 days for simple services rendered. For a more complex and/or commercial LTDA formation, it can take up to 4 months. These dates are approximated from the time we receive all of the properly prepared documents.

For personally owned Brazilian Ltda:
● Passport copy
● POA (Establish Brazil will provide template) For Brazilian Ltda Owned by Legal entities:
● AOI
● Company Letter (Establish Brazil will provide template)
● POA (Establish Brazil will provide template)

There are only a few areas restricted:
● They impose restrictions on financial institutions
● The acquisition of rural and frontier real estate
● Broadcast media content
● Insurance
● Nuclear energy usage

Quotas are not represented by securities or certificates, but their ownership is granted by the AOI. Any transfer of title of the quotas requires an amendment to the Articles of Incorporation. The law requires the approval of quotaholders that hold at least 3/4 of the total company capital to amend the Articles of Incorporation.

It’s around ~40 Step, in brief can be as: 1. Documents must be prepared in the mother country and sent to Establish Brazil. “A separate guidelines for document preparation with examples will be provided”
2. Documents translated by a public sworn translator (in Brazil)
3. Documents & Translation registration (in Brazil)
4. EstablishBrazil will obtain a CPF/CNPJ (tax payer ID) and draft an AOI.
5. File the Articles of Incorporation with either the Commercial Registry or the Civil Registry office. (ex. Board of Trade)

Mandatory and regulatory requirement:
● Proof of Identity (passport, national ID..)
● Proof of residency (electricity, phone or water bill) Optional: sometimes mandatory and always useful
● Curriculum vitae (CV)
● Marriage certificate
● Birth certificate

Foreign entities or individuals holding shares or quotas in Brazilian companies must maintain a legal representative (attorney-in-fact). Residents in Brazil need to have powers to receive service of process in legal actions involving their holdings of shares or quotas, as well as be enrolled in the Brazilian Internal Revenue Service Agency.

The Central Bank of Brazil is responsible for:
● Maintaining a special registrar of all foreign capital, without taking into account the procedure used to bring it into or out of the Country. 
● Records are kept for direct investments and loans in either cash or goods;
● Reinvestments of foreign earnings and capital increase of companies (effective in accordance with the law enforced);