Any foreign company or investor is allowed to open a business in Brazil, with only very few exceptions in strategic sectors. In most cases there is no requirement for local partners or minimum capital for the investment. It is fair to note certain regulated sectors can have specific capital requirements, such as banks, insurance companies and others.

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The most common types of legal entities are Sociedade Anônima (Corporation) or Sociedade Limitada (Limited Liability Company) with each having their own laws, regulations and features. The characteristics of the investment and the needs of the equityholder will determine the choice of what is most suitable in each case.

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One common requirement for any foreign investment in Brazil is the need of a legal representative. This individual, either a Brazilian national or a foreigner, must be domiciled within Brazil and have a valid tax ID issued by the Brazilian Internal Revenue Service (Receita Federal do Brasil). An individual holds a CPF (Cadastro de Pessoa Física) while a legal entity is issued a CNPJ (Cadastro Nacional de Pessoa Jurídica).

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It is recommended that any investor interested in Brazil should foremost obtain legal guidance and support. The adequate choice of legal structure, financial, accounting and tax support is tantamount for a good start and positive experience in Brazilian business.

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Pullen Freeland Corporate Services offers legal representation services, business consulting and temporary management, for companies seeking to become established in Brazil as also for companies winding down their operations and existing the country.

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We also offer accounting, legal support and sector/market analysis through selected business partners.