Quote:
Originally Posted by 10km
Could anyone let me know the following .
1) How much approx does it cost to set up a company
2) Would I have to be present in Natal to sign the documents
3) Does a 99% rule exist .ie a Brazilain has to have 1% of the company
4) If an acountant was employed what likely charges would be incurred
5) If the buisiness account was inactive would an accountant still be expected to be paid a monthly retainer .
6) What reporting is required once a buisines account has been set up . ie monthly . quarterly e.t.c. .
Any help anyone can provide would be appreciated .
Mike
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Hi Mike,
1) About R$1,000 from an accountant, Lawyers will charge about R$3,000 some Lawyers will charge about R$5,000. (note this is just for the opening of a business from what you asked, not applying for your investment visa if you invested $50K usd)
2) No, If you can scan and send copies of your passport, CPF, proof of adress in your home country and Birth certifiate.
3) For a limited company they needs to be 2 partners, can be of any percentage i.e 99.5% - 0.5%. The other partner does NOT need to be a Brazilian which many people seem to think (including some Lawyers in brazil). What you do need though is an business administrator who is Brazilian or a foreigner holding a RNE (a permanant resident), to administrate the company until when/if you the owner receives a permanate visa (then have the RNE) to take over the administration. You need to TRUST this administrator! Although a lawyer can put certain restrictions on a contract for the administor so if the administrator did steal money from the business account atleast the law would be on your side, (would still be a huge hassel to say the least)
4) Normal is the minimum monthly wage (present R$410), can often negociate lower though!
5) Yes, the accountants job would still be needed by law to simply fill in a form to the tax office stating inactive!!
6) a few different tax reports to be made, some monthly some quartly, half year, and annual.
Welcome to business in Brazil, its so much fun!!!
Hope that helps you.
Regards
Paul