The Board of Trade (Junta Comercial) and the Registry of Civil Companies in Brazil are two institutions in charge with registering the companies in the country, whether local or established by foreign entrepreneurs. Besides the well-known documents necessary for incorporation in Brazil, one should consider applying for a NIRE which is the identification number of the company. For a better understanding of the conditions and regulations in such matter, our company formation agents in Brazil are at your disposal.
Details about the Board of Trade (Junta Comercial) in Brazil
The companies in Brazil are registered through the Board of Trade in the country, with offices for each of the 26 states in Brazil. The Board of Trade is supervised by the National Department of Business Registration which is an authority linked to the Ministry of Development in Brazil, in compliance with the Commercial and Civil Laws in the country. Junta Comercial for each state in Brazil has its own intern procedures and administrative rules regarding the registration of a company. The authority also offers the possibility of verifying companies in the country, in order for entrepreneurs to see whether their chosen name for the company is available or not. The following responsibilities are related to each Board of Trade in Brazil:
- register commercial companies;
- update relevant information about the registered companies;
- offers warranty, safety, and efficacy to the legal documents of companies which are going to be registered.
For complete details about the responsibilities of the Board of Trade in Brazil, we suggest you to ask our specialists in company formation in Brazil.
Investors who are interested in opening a company in Brazil should note that the proper registration of the new legal entity is an essential step. For this purpose, our team offers tailored services that focus on assisting investors from the earliest stages of company creation, focusing on drawing up correct company incorporation documents and making the needed submissions with the Register.
How to register an LLC in Brazil
One of the most preferred business forms in Brazil is the limited liability company (LLC) which can be registered with proper guidance and support from our team of advisors for each entrepreneur interested in this matter. An LLC in Brazil can be registered if the following documents are prepared:
- Articles of Association;
- Memorandum of Association;
- copy of the owner’s identification card;
- the business address;
- the company’s activities;
- bank statements to provide details about depositing the minimum share capital;
- the bill of payment of the registration fee.
Once these documents are accepted, the owner will receive the registration number of the company.
Former registration with the authorities is also required from foreign companies that open a branch in Brazil. This is the final step for the registration of this business form and it should be noted that a prior authorization for registration needs to be obtained from the Brazilian authorities. Our team can answer any questions about branch formation, advantages and issues.
We remind that in matters of drafting the documents for your future business, our team of agents in company incorporation in Brazil can provide you with support and assistance. Please feel free to contact us for more information about the Trade Register in Brazil or about the company incorporation process.