Brazil

Latin America's largest market. Foreign investors usually set up a Limitada or S.A. and obtain a CNPJ via Receita Federal.

Region

Americas

Capital

Brasília

Currency

BRL

Language

Portuguese

Setup time

4–8 weeks

Tax

Corporate tax (IRPJ + CSLL) ~34%

Company types

How businesses are typically structured in Brazil.

The most common entity, similar to an LLC. Flexible governance.

Best for

SMEs and foreign subsidiaries

Liability

Limited

Corporation, either closed (fechada) or publicly traded (aberta).

Best for

Larger ventures and capital raising

Single-owner limited liability vehicle (now mostly via SLU).

Best for

Solo founders wanting limited liability

The most relevant options for founders, employees, investors, and long-stay residents.

Permanent on threshold

Foreign individuals investing in a Brazilian company.

Requirements

BRL 500,000 (BRL 150,000 for innovation/startups)

Up to 2 years, renewable

Employees of Brazilian companies.

Requirements

Employment contract + Ministry of Justice approval

1 year, renewable once

Remote workers employed abroad.

Requirements

USD 1,500+/month income or USD 18,000 bank balance