Brazil Cuts in Half Time to Open a Company. Now Is 20 Days

    Brazil by Terry Gillian

    Brazil by Terry Gillian Brazil has reduced to 20.3 days the time required for establishing companies in the country, at least according to a survey conducted by the Brazilian Secretariat for Trade and Services at the Brazilian Ministry of Development, Industry and Foreign Trade.

    The study was conducted from January until June this year, and followed the legalization process of 246,586 companies – about 97% of all the enterprises established during the period.

    In 2005, it took 39.5 days to establish a company in the country. The reduction, according to a press release issued by the Ministry, is the result of a series of measures implemented by the federal government, such as an investment of approximately 5 million Brazilian reais (US$ 2.7 million).

    The money was used among other things to implement a computer systems and integration between the systems of the Commercial Registries.

    The government has also reduced the number of regulations required for mercantile registration, from 99 to 30, put in place the Centrais Fácil (Easy Centers), and created about 500 advanced service points of the Commercial Registry.

    Brazil is becoming one of the most attractive markets in terms of receiving foreign investment, according to data supplied by the Brazilian Central Bank.

    The ease in establishing enterprises is an important aspect for large investors to make decisions of injecting or not injecting funds into countries, hence the efforts of the Brazilian government for reducing the time required.

    The result of the survey on the time required for companies in Brazil to be established and become operational, taking into account the national average, is 20.3 days, being 1.8 days the time spent at the Commercial Registries (mercantile registration).

    The remaining 18.5 days are spent in other organizations in the federal, state, and municipal levels, which participate in the process of legalizing companies.

    Anba

    Tags:

    • Show Comments (5)

    • Donald

      Actual startup can take less time
      A company can be actually started and working in much less time. True – it would take an accountant the extra time to legalize everything with all the Federal institutions. Also True – it takes much longer to shut down a company.

    • ch.c.

      ooops…typing mistake….
      in 2005 (not 2006) you needed 180 days….NOT 39,5 !

    • ch.c.

      Dead wrong ! sorry !
      Please just look at the rankings of “doing business” !
      In 2006 you needed 180 days….NOT 39,5.

      We all know how brazilians LOVE to cheat, hide and lie.
      This is in your genes.

    • Ric

      Untold Story
      Is that it takes longer to shut a business down that to start it, what with the RF, Caixa, Trabalho, INSS, and local and state Receita, not to mention sometimes the sindicato. PIS/PASEP.

    • Simpleton

      And There You Have It Folks
      “The remaining 18.5 days are spent in other organizations in the federal, state, and municipal levels, which participate in the process of legalizing companies.” Which is guaranteed to cost you $ for $ the same as your investment amount!

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Santander Bank

    With Santander’s IPO Brazil Is Eldorado All Over Again

    Spanish banking giant Santander's Brazilian unit has raised 14.1 billion reais, approximately 8.1 billion ...

    War-Mongering US Military Has Surrounded Brazil, Says Brazilian Analyst

    For over 50 years, Brazilian retired professor Luiz Alberto Moniz Bandeira has studied the ...

    Brazil's resort Lagoa do Coelho

    UK Firm Builds Resort for Foreigners in Brazil’s Northeast

    Brazil has long been famous for its breathtaking scenery, tropical climate, its cultural heritage ...

    Raped by Modernist Zeal

    The left had a very good showing in major cities. On the other side ...

    Embraer 190, a Brazilian jet

    Despite Increase in Sales Brazil Embraer’s Revenues Fall in Second Quarter

    Brazilian aircraft maker Embraer,  the world's leading manufacturer of commercial jets with up to ...

    The Stangs’ Open Letter and Challenge to Brazil’s President Lula

    The murder of our sister Dorothy Stang – martyr, Pará citizen of the year, ...

    Ukrania and Colombia Inspect Brazilian Meat Before Starting to Order the Product

    Representatives of the Ukranian and Colombian governments began a series of sanitary inspection visits ...

    Better Yields from US Treasury Lower Brazilian Shares

    Brazil’s and Latin America’s shares fell, with Brazilian and Mexican equities pulling back from ...

    Suspect policeman Odnei Fernando da Silva

    Brazilian Policeman Suspect of Torturing Journalists Surrenders

    A Brazilian civilian police inspector who is accused of heading the militia that kidnapped ...

    Made in China

    China Overcomes US and Becomes Brazil’s Number One Trade Partner

    Brazilian Ministry of Development, Industry and Foreign Trade’s just released final, revised report on ...