Brazil Hacks is the entrepreneur’s guide on how to create a web startup in Brazil. Understand the internet scene in Brazil, get funded by venture capital in Brazil and learn the ins and outs of business in Brazil. You’ll find all the information you need here.
5 articles Tag starting a business
Starting a business in Brazil as a foreigner
Opening a business is very difficult, especially as a foreigner. There are different ways of opening the company; one is to start from scratch and open a new company, and another is to buy an off-the-shelf company. I have not had direct experience with buying an off-the-shelf company, but I know there are pros and cons. It can certainly be quicker but it demands serious due diligence. There are circumstances in which it is more …
Top 12 tips to speed up opening a business in Brazil
The quickest way to open a limitada in Brazil is to buy a company off-the-shelf. Although I have not yet done this, I would recommend looking into it. You need to make sure the source is trusted and perform a complete due diligence. Ideally you buy a recently incorporated company. Here are the top 12 tips to speed up opening a limitada from scratch (learned the hard way): 1) Understand the legal risks of being an administrator …
Checklist to open a company in Brazil
The average time to start a company in Brazil is 120 days. Remember this is an average and it can take even more time to get your legal entity up and running. You should actively manage the process in order to minimize the time to getting your company incorporated. That said, here are the steps involved in opening a company in Brazil. I highly recommend reading this detailed checklist which has more information and timings. ITEM MEASURES …
Why most startups are “limitada” in Brazil
There are two types of legal structures for companies; (i) limitadas or LTDA, roughly analogous to a limited liability and (ii) sociedade anónima or SA, roughly analogous to a corporation. Most startups set themselves up as a LTDA so they can enter the “simples” tax regime with low tax brackets. Limitadas don’t have shares, they have quotas (similar idea, different name). You need to have at least two quotaholders but are not required to have …
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