Setting up your local operating company in Brazil
(By John Gardiner, B2Brazil.com)
First, you need to set up the company. A lawyer or an accountant can do this for you. They will create articles of organization and file them with the requisite government entity(s) to establish the company. Prior to establishing the company, you should get advice on the most efficient means to minimize taxes, usually setting up a foreign company as owner of the Brazilian operating company. This can take weeks to establish because you will need documents legalised and certified and wait on approvals. To find a lawyer using B2Brazil,click here. To find an accountant using B2Brazil, click here.
Second, you need to obtain the CNPJ. You will need an accountant to do this. Again, you will need documents legalised and certified and wait on approvals. This will also take weeks to obtain.
Third, after you set up the company and then obtain the CNPJ, you can set up your bank account. You will deal directly with the Brazilian bank of your choosing. Banks in Brazil are very sophisticated and the major ones are technologically and operationally first-rate. You need to find a branch that you feel comfortable with. It can take days and weeks to set up the account and fund it because the bank needs to follow rules imposed by the Central Bank to open and then receive foreign funds.
Now you can start doing business in Brazil and with the Big 3 out of the way, you can do the following (and can use B2Brazil to help you find resources):
(1) Protect your trademarks and patents,
(2) Start hiring employees (you will need human resources advice),
(3) Look for office or production space,
(4) Obtain VISAs for your expat employees,
(5) Find marketing firms,
and so forth.
B2Brazil is your source for business with Brazil.
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