Elegir el banco adecuado para su negocio

A la hora de elegir un banco para su cuenta corporativa, tenga en cuenta factores como la reputación del banco, la estabilidad financiera, la gama de servicios, las capacidades de la banca en línea, la atención al cliente y las comisiones. También es importante evaluar si el banco tiene experiencia trabajando con empresas de su industria o sector. Tomarse el tiempo para evaluar y comparar bancos lo ayudará a tomar una decisión informada que se alinee con las necesidades específicas de su negocio.

Recopilación de la documentación requerida

Para abrir una cuenta bancaria corporativa en Brasil, normalmente deberá proporcionar varios documentos, incluidos los documentos de registro de la empresa, los documentos de identificación de los directores de la empresa y los signatarios autorizados, el comprobante de domicilio, el número de identificación fiscal y las licencias comerciales, si corresponde. Es crucial reunir todos los documentos requeridos con anticipación para agilizar el proceso de apertura de la cuenta.

Programar una cita y visitar el banco

Una vez que hayas reunido la documentación necesaria, ponte en contacto con el banco elegido para concertar una cita. Durante la cita, se reunirá con un representante del banco que lo guiará a través del proceso de apertura de la cuenta. Es posible que le hagan preguntas adicionales sobre su negocio, sus actividades y sus necesidades financieras. Esté preparado para proporcionar respuestas claras y concisas para garantizar una experiencia de apertura de cuenta sin problemas.

Cumplimiento de los requisitos reglamentarios y legales

Al abrir una cuenta bancaria corporativa en Brasil, es importante cumplir con los requisitos reglamentarios y legales impuestos por el Banco Central de Brasil y otras autoridades relevantes. Estos requisitos pueden incluir procedimientos contra el blanqueo de capitales (AML) y de conocimiento del cliente (KYC). Familiarícese con estos requisitos y asegúrese de que su empresa cumpla plenamente con los requisitos para evitar posibles problemas.

Entendiendo las Comisiones y Servicios Bancarios

Los bancos en Brasil cobran varias tarifas por los servicios de banca corporativa, como tarifas mensuales de mantenimiento de cuenta, tarifas de transacción, tarifas de transferencia bancaria y tarifas de conversión de moneda. Es crucial comprender la estructura de tarifas del banco elegido y compararla con otros bancos para asegurarse de seleccionar la opción más rentable para su negocio. Además, explore la gama de servicios que se ofrecen, como la banca en línea, la gestión de efectivo y la banca internacional, para satisfacer los requisitos específicos de su negocio.

Administrar su cuenta corporativa de manera efectiva

Una vez que su cuenta bancaria corporativa está abierta, es importante administrarla de manera efectiva. Revise regularmente sus estados de cuenta, controle las transacciones y concilie sus finanzas. Utilice los servicios de banca en línea para agilizar los procesos y acceder a la información de la cuenta de manera conveniente. Mantenga una comunicación abierta con su banco, abordando con prontitud cualquier problema o consulta. Al administrar de manera proactiva su cuenta corporativa, puede garantizar operaciones financieras fluidas y optimizar la relación bancaria de su empresa.

The post Cómo abrir una cuenta bancaria corporativa en Brasil appeared first on EasyCo.

However, starting a business in Brazil and registering a company can be a long tedious process. According to the Doing Business Rankings, it takes around 11 processes and 90 days (on average) to complete registering a company in Brazil. This ranks it the 125th out of 190 countries evaluated. One of the main reasons for this is the long bureaucratic processes found across the different requirements to form a company.

In the last few years, the Brazilian government has been working to go back to previous economic growth levels and even applied to become a member of the OECD.

How to register a company in Brazil in 2022? What is the registration process? How long does it take to register a company in Brazil? Are you interested in incorporating a business in Brazil?

1. Decide on the right type of company for your business in Brazil

   Brazil has different types of companies to choose from. Each of them has different requirements and benefits, so it is important to decide which one is the best for the business right now and also in the future. It’s necessary to consider how many people are going to be involved, as well as how much the initial capital will be.

   The most common types of companies in Brazil are:

   • Brazilian Public Company or ‘ (S.A.): A SA requires at least 2 shareholders and 3 directors at the moment of the company incorporation. This type of company requires annual audits with board members.

   • Limited Liability Company or ‘ (LLC): In Brazil, an LLC requires a minimum of 2 shareholders and 1 director. It is not necessary that they are Brazilian or have a permanent residency in Brazil, but a Legal Representative must always be appointed. The minimum capital required to register an LLC is only USD$ 1.

2. Appoint a Legal Representative in Brazil

   If your shareholders are not permanently present in Brazil, a Power of Attorney will be required that allows your legal representative to carry out the process locally. This Power of Attorney has to be signed by the corresponding party.

   Also, consider that for foreign shareholders additional documentation will be required.

   All documentation that comes from abroad must be duly legalized and apostilled (if applicable), and these hard-copy documents must be sent to Brazil. Finally, consider that documentation that is not in Brazil, will require translations to be accepted by the local agencies.

   Although this step might sound cumbersome and time-consuming, it is a standard process to register your company in Brazil. Nevertheless, our team can help with the process. You can find more information at the bottom of this article.

3. Submit the Articles of Incorporation to the State Board of Commerce

   The articles of incorporation allow for the constitution of the company in Brazil. This document is essential for business formation as it is going to work as the backbone of the company and rule the way it is run.

   The Articles of Incorporation must include the following information:

   • Name of the company

   • Registered office address and business address (if applicable)

   • Shareholders information

   • Business activity details

   • Legal Representative information

   These documents must be submitted to the local State Board of Commerce for revision and registration. Once approved, the State Board of Commerce will assign the company the NIRE, which stands for Número de Identificação do Registro de Empresa in Portuguese. This is an identification number provided by the State Board of Commerce and it certifies the company is registered.

4. Visit the Federal Revenue Bureau to obtain a taxpayer ID or CNPJ (Cadastro Nacional de Pessoa Jurídica)

   Once the company has been assigned a NIRE, visit the Federal Revenue Bureau to obtain a taxpayer identification number or Cadastro Nacional de Pessoa Juridica (CNPJ). The agency in charge of this is the Receita Federal (Federal Revenue Bureau in English) and the process can be completed in person or online at their platform. This can take from 3 days to a week.

5. Register the CNPJ at the Brazilian Central Bank

   Once the company is assigned a taxpayer ID number or CNPJ, it must be registered at the Brazilian Central Bank (Banco Central do Brasil). This step can be done online, the Brazilian Central Bank will give the company a digital certification proving its registration with this entity.

   Registering the company at the Brazilian Central Bank is an important step.

6. Register the company at the local Municipality to obtain all necessary licenses

   It is necessary that before the company starts operations, it receives all required permits and licenses from the local Municipality. This step also requires a couple of inspections and revisions of the commercial establishment to ensure its safety and compliance with all local regulations.

   The documentation needed varies depending on the type of business and place it is located, but these are some of the general requirements:

   • Application Form

   • Registered office address

   • Copy of the CNJP

   • Articles of Incorporation

7. Open a corporate bank account

   This is the final step in the incorporation process, the bank account can be opened at the bank of your choice. Some of the documents required are:

   • Taxpayer ID number or CNJP

   • Articles of Incorporation

   • Shareholders information

   Each bank offers different types of accounts with many benefits depending on the agreement and goals of the company. It is recommended that the bank offers good pricing structures for international transactions.

   Also, it is important to consider that some banks may have foreign transaction restrictions for companies that have foreign shareholders. It is crucial to take this into account as part of your company establishment strategy, as identifying a bank that has flexible policies will determine when your new company can start its operations.

Get Assistance from Easyco Experts!

Brazil is the perfect country for your company incorporation! To make sure you register your company in the right way, you can get in touch with us, and our team of experts is going to make sure your business registration process complies with all Brazilian laws and regulations.

At Easyco, we make company formation in Brazil easy; our team of corporate experts has vast experience helping companies and individuals register their business in Brazil, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in Brazil today!

Easyco also provides additional services to guarantee your company’s compliance, which include:

• Appointment of legal representation,

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Manage your Company bank account opening

• Manage your Trademark Registration

• Recruiting and Hiring Talent

• Corporate Legal Services.

The post Company Incorporation in Brazil: Register a Business appeared first on EasyCo.

What is Corporate Tax?

Corporate tax is levied on the profits of companies operating in Brazil. The corporate tax rate in Brazil is 15%, which is lower than in many other countries. However, there are other taxes and fees that companies must pay, such as social security contributions and state and local taxes.

Benefits of Corporate Tax in Brazil

There are several benefits to paying corporate tax in Brazil. One of the most significant benefits is that it allows companies to operate legally in the country. Paying corporate tax also helps to build a company’s reputation and credibility with customers and investors. Additionally, paying corporate tax in Brazil entitles companies to certain benefits and incentives.

Incentives for Businesses in Brazil

Brazil offers a range of incentives to businesses operating in the country. These incentives are designed to encourage investment, job creation, and economic growth. Some of the most popular incentives include:

1. Tax Incentives: Brazil offers tax incentives to businesses that invest in certain industries or regions. For example, companies that invest in the North or Northeast regions of the country can receive tax breaks.
2. Export Incentives: Brazil has several export incentives that help companies to increase their exports. These incentives include tax exemptions and reductions, financing, and technical support.
3. Innovation Incentives: Brazil offers incentives for companies that invest in research and development. These incentives include tax breaks, grants, and subsidies.

Deductions for Companies in Brazil

In addition to incentives, companies in Brazil can also benefit from deductions on their corporate tax. Some of the most common deductions include:

1. Depreciation: Companies can deduct the cost of assets that depreciate over time, such as equipment and buildings.
2. Charitable Contributions: Companies can deduct charitable contributions made to qualified organizations.
3. Interest Payments: Companies can deduct interest payments on loans and other financial instruments.

Industries with the Most Benefits

Certain industries in Brazil are particularly well-suited to take advantage of the benefits and incentives available to businesses. Some of the industries that are most likely to benefit include:

1. Agriculture: Brazil is one of the largest agricultural producers in the world, and companies in this industry can benefit from tax breaks and subsidies.
2. Technology: Brazil has a growing technology sector, and companies in this industry can benefit from innovation incentives.
3. Energy: Brazil is a leader in renewable energy, and companies in the energy sector can benefit from tax incentives and subsidies.

Corporate tax in Brazil can be complex, but it’s an essential part of doing business in the country. By understanding the benefits, incentives, and deductions available, companies can make the most of their investments in Brazil. With the right knowledge and strategy, businesses in Brazil can thrive and contribute to the country’s economic growth.

How to Register a Company in Brazil?

1. Pick the right type of company for your business
2. Appoint a Legal Representative in Brazil
3. Submit the Articles of Incorporation to the State Board of Commerce
4. Obtain a Tax ID or CNPJ
5. Register the CNPJ at the Brazilian Central Bank
6. Register the company at the local Municipality
7. Open a Corporate Bank Account

Get Assistance from Easyco Experts!

Brazil is the perfect country for your company formation! To make sure you register your company in the right way, you can get in touch with us. Our team of experts will ensure your business registration process complies with all Brazilian laws.

At Easyco, we make company formation in Brazil is easy. Our corporate experts have vast experience helping companies and individuals register their businesses in Brazil. We proven track record of success across all our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing an easy online company registration experience. Start your company in Brazil today!

Furthermore, Easyco also provides additional services to guarantee your company’s compliance. In summary, they include:

• Appointment of legal representation,
• Providing a registered office address
• Handling tax and accounting
• Hassle-free Payroll Services
• Manage your company bank account opening
• Manage your Trademark Registration
• Recruiting and Hiring Talent

The post Comprehensive Guide to Corporate Tax in Brazil appeared first on EasyCo.

Generally, payroll outsourcing can provide numerous benefits to businesses, including cost savings, increased efficiency, and improved compliance. In this article, we’ll explore the advantages of outsourcing payroll in Brazil and how it can help businesses grow.

Benefits of Payroll Outsourcing in Brazil

1. Cost savings

Outsourcing payroll can be a cheap solution for businesses of all sizes. By outsourcing, companies can avoid the expenses associated with hiring and training new staff, purchasing software and equipment, and managing payroll-related tasks. Outsourcing also reduces the risk of errors and penalties that can occur when managing payroll in-house.

2. Increased efficiency

Payroll outsourcing can streamline the payroll process, freeing up time and resources for other business functions. By outsourcing, companies can benefit from the expertise and technology of the outsourcing provider, allowing for faster and more accurate processing of payroll. Additionally, outsourcing can help reduce the burden of compliance requirements, such as tax filings and labor law compliance.

3. Improved compliance

Brazil has strict labor laws and tax regulations that can be difficult for companies to navigate on their own. Payroll outsourcing providers are experts in these areas and can help businesses stay compliant with regulations, avoiding costly penalties and legal issues. By outsourcing payroll, companies can also benefit from regular updates on regulatory changes and guidance on how to adapt to new requirements.

Advantages of Payroll Outsourcing for Business Growth

1. Focus on core business functions

Payroll management can be time-consuming and distract from other core business functions. By outsourcing payroll, companies can focus on what they do best: running and growing their business. This allows for increased productivity, innovation, and ultimately, business growth.

2. Scalability

Payroll outsourcing providers can easily adapt to changes in business size. As a company grows, its payroll needs can become more complex, with more employees and compliance requirements. Outsourcing providers have the resources and expertise to adapt to these changes, allowing companies to scale without worrying about payroll management.

3. Access to experts

Outsourcing companies are experts in payroll management, with dedicated teams and specialized software to handle the task efficiently and accurately. By outsourcing, companies can benefit from this expertise, without having to invest in expensive apps or hire new staff. Additionally, outsourcing providers can guide best practices and compliance requirements, helping businesses improve their overall operations.

In conclusion, payroll outsourcing can provide significant benefits to businesses in Brazil, including cost savings, increased efficiency, and improved compliance. Furthermore, by outsourcing payroll, companies can focus on core business functions, scale more easily, and benefit from expert guidance and technology. Ultimately, payroll outsourcing can help businesses grow and thrive in a complex and challenging business environment.

Get Assistance from Easyco Experts!

Brazil is the perfect country for your company formation! To make sure you register your company in the right way, you can get in touch with us, and our team of experts will ensure your business registration process complies with all Brazilian laws.

At Easyco, we make company formation in Brazil easy; our corporate experts have vast experience helping companies and individuals register their business in Brazil, with a proven track record of success across all our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing an easy online company registration experience. Start your company in Brazil today!

Furthermore, Easyco also provides additional services to guarantee your company’s compliance, which include:

• Appointment of legal representation,
• Providing a registered office address
• Handling tax and accounting
• Hassle-free Payroll Services
• Manage your company bank account opening
• Manage your Trademark Registration
• Recruiting and Hiring Talent
• Corporate Legal Services.

The post Payroll Outsourcing in Brazil: Benefits and Advantages appeared first on EasyCo.

Brazil is one of the most interesting countries in South America for investors and business owners from all around the world. Its diverse and inclusive culture as well as natural resources make it perfect for people looking to expand their horizons and try new industries. The first thing to remember is to always investigate and understand the market and how businesses operate, as well as what are the challenges and requirements.

What are the most common types of companies in Brazil? How to incorporate a company in Brazil? What are the requirements? How to decide on the best type of legal structure for my business?

Limited Liability Company or ‘Limitada’ (Ltda.)

LLCs or ‘Limitada’ is probably the most common type of company in Brazil because of their flexibility and security. The shareholders have limited liability and the shares can be transferred with no problem.

• A Limited Liability Company in Brazil requires a minimum of 2 shareholders that can be either foreign or local
• There is no minimum Share Capital required at the moment of incorporation
• The Shareholders are only responsible for their contribution to the Share Capital of the company

Corporation or ‘Sociedade Anônima’ (S.A.)

Although Corporations are not as common in Brazil this is usually the type of company big businesses choose because of their access to the stock market. It can have as many shareholders as desired and the shares can be transferred, inherited, or sold, as stipulated in the Articles of Incorporation.

• The minimum Share Capital required for a Corporation is equivalent to 10% of the value of the stocks
• For the formation, it needs at least 2 shareholders
• Corporations are required to have a Board of Directors and an Administrative Council
• An S.A. can be either open for public trade (‘Sociedade por Ações Aberta’) or closed (‘Sociedade por Ações Fechada’). This has to be specified in the Articles of Incorporation.

‘Empresa Individual de Responsabilidade Limitada’ (EIRELI)

EIRELI is the best option for small business owners or entrepreneurs that are just starting. It is similar to an LLC, and the incorporation process is simple. However, there is a minimum Share Capital required at the beginning of the process.

• It only requires one shareholder, who has to be Brazilian or a foreigner with permanent residency in Brazil.
• This shareholder will have limited liability over the complete Share Capital
• The minimum Share Capital required for this type of company is the equivalent of 100 Brazilian Minimum Wages. As of 2022, the Minimum Wage in Brazil is R$(BRL) 1,212, or around USD$ 232.
• It is only possible to own and be a shareholder of one EIRELI at a time. However, the same person can also be part of other companies with different legal structures.

Foreign Branch Office

• A Foreign Branch Office in Brazil has to have the same name as the main company
• A Legal Representative is required. It can be appointed to a national or foreigner with permanent residency in Brazil
• Some documents from the main company are required like Articles of Incorporation, a list of Shareholders, etc.

How to Register a Company in Brazil?

These are the steps you need to follow to register a company in Brazil. Some of these may vary depending on the shareholders, type of company, and business activities carried out.

1. Decide on the right type of company for your business in Brazil
2. Appoint a Legal Representative in Brazil
3. Submit the Articles of Incorporation to the State Board of Commerce
4. Visit the Federal Revenue Bureau to obtain a taxpayer ID or CNPJ (Cadastro Nacional de Pessoa Jurídica)
5. Register the CNPJ at the Brazilian Central Bank
6. Register the company at the local Municipality to obtain all necessary licenses
7. Open a corporate bank account

Get Assistance from Easyco Experts!

Brazil is the perfect country for your company incorporation! To make sure you register your company in the right way, you can get in touch with us, and our team of experts will ensure your business registration process complies with all Brazilian laws and regulations.

At Easyco, we make company formation in Brazil easy; our corporate experts have vast experience helping companies and individuals register their business in Brazil, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in Brazil today!

Furthermore, Easyco also provides additional services to guarantee your company’s compliance, which includes:

• Appointment of legal representation,
• Providing a registered office address
• Handling tax and accounting
• Hassle-free Payroll Services
• Manage your Company bank account opening
• Manage your Trademark Registration
• Recruiting and Hiring Talent
• Corporate Legal Services.

The post Most Common Types of Companies in Brazil appeared first on EasyCo.

If this fit your plans and you’re looking to register a company in Brazil, or are already in the process of completing the incorporation, you may have some questions about the Tax Identification Number, what is it?, how to obtain it?, and more. In this blog article, we explain what the CNPJ is, how it is different from the CNP, and what is the ‘Receita Federal’.

What is the Tax ID in Brazil?

In Brazil, the Tax Identification Number for companies is called ‘Cadastro Nacional de Pessoa Juridica’ or National Registry for Legal Entities. The Federal Revenue Bureau (‘Receita Federal’) is the government agency that provides this number, either online or in one of their offices located all around Brazil. This number is necessary to complete the business incorporation process in Brazil since it is impossible to open a corporate bank account without it.

The CNPJ consists of 14 digits, which include the registration number, a code for the type of legal entity, and more information about the company.

What government agency provides the CNPJ?

The agency in charge of providing the CNPJ in Brazil is the Special Department Federal Revenue Bureau or ‘Receita Federal’. This agency was founded in 1968 as part of the Ministry of Economy and is the one responsible for tax collection and customs. They can also provide you with a CPF or ‘Cadastro de Pessoa Física’, which is also a tax identification number but for a natural person.

This entity also has a fundamental role in the prevention and investigation of fraud, smuggling, noncompliance, piracy, and drug trafficking.

What’s the difference between a CNPJ and a CPF?

The main difference between a CPF and a CNPJ is that a CPF is assigned to a natural person, while the CNPJ is assigned only to legal entities. Both identification numbers are provided by the Federal Revenue Bureau, but the process varies depending on which one you need.

How do I obtain a CNPJ or Tax Identification Number for my company in Brazil?

To obtain a CNPJ in Brazil, your company must be already registered at the State Board of Commerce. This entity will give you a Company Registration Number, called ‘Número de Identificação do Registro de Empresa’ (known as NIRE) that certificates the existence of the legal entity. This document, as well as other information about the company, has to be submitted to the Federal Revenue Bureau either online or at a physical agency.

What documents are required?

These are the documents the Federal Revenue Bureau is going to require in order to issue your company a CNPJ:

• NIRE or Número de Identificação do Registro de Empresa (Company Registration Number) provided by the State Board of Commerce

• Copy of the Power of Attorney with the information about the legal representative

• Copy of the Articles of Incorporation of the legal entity

• Application Form for the CNPJ

• Information about the Board of Directors or Partners of the company

Do I need to register a company to obtain a Tax ID in Brazil?

Yes! It is necessary to have a registered company to obtain a Tax ID in Brazil.

These are some of the main steps you need to follow in order to register your company in Brazil. Remember that some of these requirements may differ depending on the city and the type of legal structure you choose.

1. Decide on the correct type of company for your business in Brazil

2. Appoint a Legal Representative

3. Submit the Articles of Incorporation to the State Board of Commerce

4. Visit the Federal Revenue Bureau to obtain a Tax Payer ID Number or CNPJ

5. Register the CNPJ at the Brazilian Central Bank

6. Register the company at the Local Municipality to obtain all necessary licenses

7. Open a corporate bank account

Get Assistance from Easyco Experts!

Brazil is the perfect country for your company incorporation! To make sure you register your company properly, you can get in touch with us, and our team of experts is going to make sure your business registration process complies with all Brazilian laws and regulations.

At Easyco, we make company formation in Brazil easy; our team of corporate experts has vast experience helping companies and individuals register their business in Brazil, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in Brazil today!

Easyco also provides additional services to guarantee your company’s compliance, which includes:

• Appointment of legal representation,

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Manage your Company bank account opening

• Manage your Trademark Registration

• Recruiting and Hiring Talent

• Corporate Legal Services

The post What is your Tax ID in Brazil? | How to Obtain a CNPJ appeared first on EasyCo.