Open Joint Stock Company in Brazil

Investors who choose to open a joint-stock company in Brazil are required to follow a set of mandatory steps, as well as to register the business with the authorities. Our agents specializing in company formation in Brazil assist investors who wish to open a joint-stock company.

What are the characteristics of the Brazilian joint-stock company?

The joint-stock company, or S.A. company (sociedade anônima), is characterized by:

• -Being able to raise funds from third parties by listing its shares on the stock exchange;
• -Being subject to more complex administration requirements, compared to other business forms;
• -It is managed by a Board of Directors and other bodies created for company management purposes, such as the General Assembly or the Fiscal Council;
• -It can qualify as a publicly held corporation or a closed-held corporation.

Company registration in Brazil is mandatory for the joint-stock company.

Investors commonly open a joint-stock company in Brazil in the case of large businesses.

Who can open a joint-stock company in Brazil?

There are no nationality restrictions for foreign investors who want to open an SA company in Brazil. However, requirements apply for non-residents, as this company must have an appointed representative (see below for more details on our services for this mandatory requirement).

What are the steps required to open a joint-stock company in Brazil?

Our team summarizes the most important steps if you wish to open a joint-stock company in Brazil:

1. Draw up a power of attorney (for corporate shareholders);
2. Complete the requirements for obtaining the CFP number in the case of foreign individual shareholders (this is the taxpayer identification number);
3. Provide the required incorporation documents (depending on the type of shareholder);
4. Decide on the company’s particulars, such as the location of its Brazilian registered office. This can be provided by our team, upon request, and as a separate, billable service (see below for details and prices);
5. Prepare the incorporation documents for the SA. Our company formation experts assist with drafting and preparing the Articles of Incorporation and other documents;
6. Register with the Brazilian National Registry of Legal Entities to complete the process required to open a joint-stock company in Brazil.

We invite you to watch a short video below:

How much does it cost to open an SA company?

Our company incorporation package costs USD 1,800 and includes the following:

• -Assistance for applying for the Brazilian CFP number;
• -Preparing the power of attorney for the foreign shareholders (corporate/individual, as the case may be);
• -Company name verification and reservation;
• -Incorporation documents preparation and electronic filing with the Registry;
• -Subsequent registrations for tax purposes, with the Ministry of Labour for the purpose of hiring employees, and other applications;
• -Facilitating services such as the ones for keeping a registered address in Brazil and accounting services.

When working with us, additional costs will include:

• -USD 300 for the accountant;
• -USD 600 for an advance payment for the registered office;
• -USD 400 per month for ongoing local representative services.

How fast can I open a joint-stock company in Brazil?

If all the documents are in order, the process of company formation in Brazil, assisted by our team, should last several days. Our estimate is that should take no more than 10 days.

Contact our Brazil company formation specialists for complete assistance during the setup of the joint-stock company. We offer tailored solutions and provide guidance throughout the pre- and post-registration steps.