Setting Up a Business in Brazil
If you want to start a business in Brazil, it will be more helpful if you reside here permanently. You will be provided with a permanent visa if you are capable of proving foreign fund investment. The duration will last for 5 years, which has to be re-validated before its end.
After you have set up your company, you are required to hire locals for training and specialised labour. If you are able to accomplish this, you have to show proof to the country’s Federal Police. This will help you acquire visa re-validation.
Setting up an investment in Brazil requires other steps. First, you should have a local entrepreneur to represent you as partner. Next, register your company name and get corporate tax registration. You should also enlist with the country’s Central Bank to make foreign exchange easier. Then, open a savings account and deposit an investment plan. You will also need an RNE, which is an ID card for foreigners in the country.
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