Our best articles to understand the Brazilian market
Every worker registered under the CLT regime is entitled to FGTS – the acronym for the Severance Indemnity Fund. It is important for companies to be familiar with the FGTS and to know details about how it works, such as who is entitled to the benefit, the situations in which
Starting a business in Brazil as a foreigner, or to hold shares in a Brazilian company, whether residing in the country or not, is possible. However, certain requirements must be met, and some bureaucratic procedures need to be followed. A World Bank study (Doing Business Subnational Brazil) shows that Brazilian
Brazil is one of the world’s largest economies and a key destination for international investors looking to expand in Latin America. However, navigating the Brazil company registry can be a major hurdle when setting up a business. For entrepreneurs and investors from all over the world, one option that
Successful entrepreneurs understand that good business greetings in Latin America is about building strong relationships and conducting business in a respectful and efficient manner. By establishing partnerships with suppliers, competitors, or creating new connections, you can build a stronger and more enduring relationship – and this is essential when planning
The minimum wage in Brazil for 2025 came into effect on January 1st, increasing to R$ 1,518. This increase of R$ 106 compared to the previous year’s value of R$ 1,412 represents a 7.5% adjustment. The increase in the minimum wage was determined by President Luiz Inácio Lula da Silva
The customs broker in Brazil is responsible to ensure that goods entering the country will comply with fiscal and commercial legislation. This procedure, known as customs brokerage, or customs clearance, guarantees a thorough verification of the information provided by the importer, confirming its accuracy, compliance with requirements, and other regulations
The tax system in Brazil is one of the most complex in the world. According to the Brazilian Federal Court of Accounts (TCU), since the promulgation of the Federal Constitution of 1988, an average of 37 tax regulations have been issued per day. As a result, companies spend approximately US$
The Brazilian Accounting Standards (NBC) are a set of rules that govern accounting practices in Brazil. They are developed by the Federal Accounting Council (CFC) and must be followed by all Brazilian companies, both public and private. They form the solid foundation underpinning the country’s accounting framework, providing it with
Learn about this federal tax, discover if your business is required to pay it, and understand the calculation process. Brazil’s tax burden is among the highest in the world. According to the World Bank, 65.3% of corporate profits in the country are allocated to tax payments. Many of these
The Social Integration Program (PIS) is a Brazilian tax designed to fund social programs and to stimulate economic growth. Established amid labor and social security reforms, the PIS has become a cornerstone of Brazil’s tax system, affecting both businesses and employees. The PIS rate varies based on the taxpayer’s category
The INSS in Brazil is the institution responsible for managing social security benefits. If your company is planning to expand into Brazil or hire Brazilian employees, understanding INSS Brazil tax is crucial for ensuring compliance with local regulations. The acronym INSS stands for National Social Security Institute, which oversees the
For entrepreneurs in Brazil and abroad, ICMS is one of the main taxes to be managed. Whether you are a small entrepreneur or a large corporation, understanding how the ICMS tax works is fundamental to optimizing tax management. In fact, Brazil is a very interesting country when it comes to
Brazil is a fantastic country with a large territory and a great diversity of key industries in Brazil. The different industrial sectors in Brazil are remarkably important for the economy. They span different segments, which have a great influence on all other branches of the economy, from trade to agribusiness.
When a foreigner entrepreneur arrives in Brazil, he will rapidly wonders what a nota fiscal is. Nota fiscal is issued for every financial transaction, whether you are buying a snack at the airport, shopping at a supermarket or making an online purchase of products or services. This document is fundamental
Would you like to know the best Brazilian cities for investment? From now on, you’ll get to know the most promising cities to invest in 2024. Based on the renowned Entrepreneurial Cities Index Ranking (ICE) 2023, drawn up by the National School of Public Administration (ENAP), this guide will take
The Tax on Financial Operations (IOF), is a levy imposed on individuals and legal entities for various financial transactions conducted within Brazil. The IOF rate varies depending on the specific transaction, and its payment is mandatory. Despite its widespread application, many individuals still harbor uncertainties regarding this tax: How does
The ISS in Brazil, or Service Tax, applies to various sectors of the market, encompassing both well-established companies and self-employed individuals. Therefore, to run a successful and continuously growing business, it is essential to comply with tax obligations. If you plan to invest in Brazil or start a business, this
Legal representation in Brazil, with its vast economy and constantly growing market, offers a promising environment for foreign companies wishing to expand their business. However, to navigate the country’s complex laws and regulations, it is crucial to have a reliable and experienced legal representation in Brazil. This article will guide
The international business environment is ever-changing, compelling companies to minimize expenses and utilize global talent pools through outsourcing in Brazil. It’s possible to affirm that several nations from Latin America found this opportunity and have invested constantly in infrastructure, workforce and business outlook to meet global demand for workforce and
Planning to register a company in Brazil? This guide is perfect for you and your company. Firstly, the timing is great: the government of Brazil welcomes foreign investment by exempting taxes, providing funds, limiting double taxation, and simplifying the process to Brazil company register. These are all important factors to
