Both foreing companies and individuos can openning a business in Brazil. The first step is decided the type of business (limited liability or individual) than follow the specific rules. At any type the company must have as a legal representant a brasilian resident manager or director.
If you’re thinking of starting a business, you first need to come up with a realistic idea you can turn into a product or service. Beyond that, there are several key areas you need to consider, all of which Menzies can help with.
Identify potential customers. Talk to them and find out if your idea is meeting a real need.
Test your product or service with real customers, make changes, and test it again. Keep doing this until you’re sure there’s a demand for it.
Think about who you’re going to work with to develop and sell your idea.
Work out which legal structure is right for you, and register for tax.
And ensure you have the right terms and conditions from the outset.
At the start you might want to consider using a Company Secretarial service to outsource the handling of your accounting compliance obligations.
Explore different sources of business finance, from bank loans to government-backed schemes.
If you have an unusual idea or have invented something, find out how to protect your intellectual property to make sure nobody copies it without your permission. To utilise our expertise in starting your own business, get in touch with Menzies via our online contact form .