Latam Desk | Brasil

Why Brazil?

National Population:

+211.7 million people

Growth Projection by 2021:

2.5%

Main Characteristics:

Brazil has a strategic location to access other South American countries.

It is among the countries with the largest economy in the world and with the greatest foreign investment.

It has important resources of raw materials easily accessible, a large pool of labor from different educational levels, an excellent internal market, and a diversified economy.

The Brazilian government promotes and favors FDI.

Interested in doing
business in Brazil?

Download The Guide

Growing Industries and Market Opportunities

Agricultural Equipment and Services

Architecture, Construction and Engineering Services

Airports

Renewable Energy

Limits for Foreign Shareholders

The investment regime in Brazil is liberal and allows foreign investors to have majority participation in the creation of companies.
There are certain sectors restricted to foreign investors that need special authorization: nuclear, health, land ownership, fishing, postal, telegraphs, aviation, aeronautics, media, communications, and land transportation.

Main Tax Rates in Country

Corporate Taxes

Corporate income tax (IRPJ) is assessed at the fixed rate of 15% on annual taxable income, using either the 'actual profits' method (APM) or the 'presumed profits' method.

Dividends

Dividends derived by Brazilian companies are not subject to income tax.

Employment Taxes

Social Security (INSS):	20% (employer) / 7.5% - 14% (employee)
Unemployment Fund (FGTS):	8%
Other Social Security Taxes (INSS):	up to 8%

VAT (ICMS)

According to each state

Other Taxes

PIS e COFINS 3,65% - 9,25% / ISS: 2% - 5%

Remittance of profits

Fully Allowed

Doing Business in Brazil