Determining What Type of Business to Open in Brazil

Determining What Type of Business to Open in Brazil

Whether you are a natural born citizen, an immigrant with big plans, or an investor, opening your first business in Brazil is not without its challenges. From selecting the product or service you want to sell, to finding the perfect location, there are many aspects of running your business that may be completely new to you.

One of the most important decisions you will have to make when setting up a business in Brazil is what type of business it will be organized as, for tax purposes. Is it a sole proprietorship, corporation, or partnership? Even within these broad classifications, there are many sub-classifications your business could fall into in Brazil. Each will have a bearing on how you conduct business, pay taxes, and access your profits. Making the right choice at the beginning could be imperative to your business success.

With your business type determined, you can move on to the next steps of setting up your Brazilian business. This decision will guide your next steps.  If these are areas where your own experience and knowledge base are lacking, you will want to seek guidance before setting up a business in Brazil.

Tax accountants and lawyers are certainly a couple of resources you could consult with as you launch a business in Brazil. You could also work with a startup developer whose primary business is helping new businesses get off the ground. They can assist you, not only with determining what business organization you fall under, but help you with a marketing plan, a business plan, securing financing, and so much more.