Setting up a company in Brazil is usually a not a straightforward exercise, we provide you with full expert assistance throughout every step of the company formation process.
As company incorporation specialists we can register Sociedade Limitada (SRL) companies in Brazil. An SRL company is very similar to a limited liability company in the United Kingdom.
An SRL company requires no minimum share capital to be paid in full. It does require two company directors, of any nationality and two company shareholders, of any nationality. There are no restrictions on whether the shareholders are either individuals or corporate bodies.
Features of a Sociedade Limitada:
Brazil company names are registered at state level rather than for the entire country.
There are no minimum share capital requirements.
The administration or management of the Sociedade Limitada in Brazil must be carried out by a resident. This person may be a foreigner with a visa or work permit.
We can provide a registered office for our clients where the authorities send official letters and all financial documents, registers, company papers etc. must be kept at the registered office of the business.
An annual general meeting must be held within the first four months of the end of the financial year. Shareholders meetings must be called via publishing an announcement three times in the Official Gazette and in a local newspaper.
The Company Law No. 12,441, of 2011 introduced a new corporate type into the Brazilian Civil Code, the Individual Limited Liability Company or Empresa Individual de Responsabilidade Limitada. These companies have limited liability and a single shareholder. the sole shareholder can hold its entire capital, which must be fully paid up. The company name must adopt the abbreviation EIRELI
Companies deemed small or medium often have different requirements regarding accounting and auditing compared to large enterprises. To qualify as an SME the company must satisfy all the following criteria:
The majority of the financial accounting information on a company registered in Brazil is available publicly. A company must publish its annual financial statements and minutes of the annual general meeting with the official Gazette. Public companies must also publish a copy of the auditors report.
Unfortunately, ready made companies are not available in Brazil.