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Good News for who intend to open a Company in Brazil
The new legislation for Individual Companies of Limited Responsibility, also known as EIRELI, will be in force, starting on May 2nd.
The good news is that the legislation includes important contributions to favor business in Brazil. They aim to speed up, simplify and give legal security to proceedings at registry agencies. Among the contributions, it is important to highlight that it will be possible to set up an EIRELI with only one shareholder, which can be an individual or company, foreign or Brazilian.
EIRELIs are a kind of company that does not require at least two shareholders, so it can have only one owner. However, to set up an EIRELI, it is required a capital of at least 100 minimum wages (amount regulated by the Federal Government), among other restrictions
Get in touch with G.Jacintho to obtain more details on the set up of ERIELIs, or any other kind of company. We can help your business in Brazil, or anywhere in the World.