Patience and will power

You are a foreigner and would like to open up a company in Brazil?
Do not mean to discourage you, but you need to be prepared and a have a lot of patience. A recent study by the Brazilian Ministry for Development proves what us entrepreneurs already went through and what the World Bank published in 2003/2004 putting Brazil at that time on the position of the 6th worst country in the world. Now we are on the 83rd position, up 67 positions.
Founding a company in Brazil takes an average of 40 days. São Paulo breaking the record with 77 days and Rio de Janeiro with 65. By the way, the indicated costs are misleading. Calculate at least with R$ 2.500. Besides the basic administrative fees you can´t do anything without an accountant for the whole registry process in so many public organs and without a lawyer who elaborates your articles of incorporation.
But let me tell you, that is the statistics, my first company foundation lasted 3 months, the second company took only 10 days until it was running.
How? Jeitinho de gringa ;-)

Comments

[Fred]

But on the other hand for those of you wanting to live in Brazil a commonly used phrase = Caixa Dois. Literal = Box #2. That is to say most businesses here keep 2 sets of books. One for the government and one for real numbers. The government appears to have little power to enforce taxation with the exception of choke points in the economy. These would be telecommunications, petroleum and when you buy / register your car. These they tax HEAVILY and thus the prices of all are very high.