For many business owners who reside in the US, the idea of moving their company out of the country may never enter their minds. However, for some, the most recent changes in tax laws in the US may be leading them to consider starting a business in Brazil or another country. Sadly, US tax laws are changing to make it a bit more expensive than ever for businesses. If you happen to own a small business in the US, you may be barely making ends meet as it is, but hoping for growth. It seems that the federal government does not really want small businesses to grow, because they are penalizing them through the tax laws for their success. Under the new tax laws, if you make more than $200,000 annually as an individual business owner, or $250,000 annually as a married couple, there is going to be a 3% increase in the taxes you must pay.
Starting a business in Brazil is probably looking much more appealing, now. The tax laws in Brazil are much more reasonable and encourage business growth and success. Before you make the leap, there are several things you need to consider and decide about before you get started. You need to decide what type of business classification you will have in Brazil and take the appropriate steps to set that up legally. Consult a professional and legal expert on Brazilian business matters, so that you are making a fully informed decision and following the proper steps. Then, if you feel that moving your company to Brazil is the best choice for you, it’s time to get moving!