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Brazil Company FormationIf properly-structured, Brazil company formation is an excellent way tolegitimately conduct international business in Brazil and South America.Brazil company formation is challenging because of complex andinconsistent company formation regulations from state to state. Thefollowing information will help you determine whether Brazil companyformation is the optimum corporate structure to fulfill your international

business objectives:

Advantages of Brazil Company Formation

1. Brazil company formation allows entrepreneurs to legally conduct business in Brazil, obtain animport license, rent business premises, hire employees and obtain a tax number.

2. Brazil company formation allows 100% foreign ownership. A minimum of two shareholders isrequired with corporate shareholders being permitted for Brazil company formation .

3. There are no minimum capital requirements with Brazil company formation .

4. Regional governments encourage Brazil company formation with incentives such as taxexemption, access to low-interest loans or reductions in import duties for certain raw materials.

5. Healy Consultants will open corporate bank accounts to support Brazil company formation .

6. Brazil has signed double taxation treaties with several key trading partners around the world,including Argentina , Canada , China , France , Germany , India, Italy, Japan , the Netherlands , SouthKorea and Spain . To see a full list of the countries that Brazil has signed such treaties with, followthis link .

Disadvantages of Brazil Company Formation

1. Brazil company formation is time-consuming and complex because of inefficient bureaucracy andinconsistent regulations. According to the 2010 Doing Business Survey by the World Bank , Brazilis the world's 129th easiest place to do business. The survey measures factors including businessstart up procedures, time, cost and minimum capital required to start a business.

2. Under Brazil company formation law, a minimum of two directors is required, one of which isrequired to be a Brazil resident.

3. Brazil has a corporate tax rate of 15% for annual profits up to US$110,000, and a 25% corporatetax thereafter. Under Brazil company formation law, capital gains are taxed as profit. Brazil isnegatively ranked as the world's 113th freest economy in the Heritage Foundations 2010 Index of Economic Freedom , a measure of freedom enjoyed in business, trade, monetary, financial,investment and labour markets.

4. Brazil is a politically unstable country. Brazil is perceived poorly as the 80th least corrupt countryin the world, according to the 2009 Index of Economic Freedom by Transparency International , aglobal measure of corruption amongst public officials and politicians.

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Brazil Company Registration

Brazilian company registration is time consuming and takes up to 60 days. It isnot necessary for you to visit Brazil to complete Brazil company registrationformalities, as Healy Consultants' officers will handle the process on your behalf.Our transparent, logical procedures ensure an efficient Brazil companyregistration process, typically evolving as follows:

1. Our client and Healy Consultants agree the legal, tax and accounting implications of Brazilcompany registration .

2. Our client and Healy Consultants agree company name and the optimum corporatestructure, including shareholders and directors.

3. Healy Consultants prepares Brazil company registration documents for our client'ssignature and return to us. Please note that incorporation documents are in Portuguese.Translation of official documents into English is available, contact us for our fees for thisservice.

4. To complete Brazil company registration , Healy Consultants liaises with the Board of Trade ( Junta Commercial ).

5. Healy Consultants provides our client a complete company kit including i) originalcertificate of incorporation ii) a bound copy of a Government approved Memorandum & Articles iii) original share certificates and iv) an original Government receipt asevidence of payment of annual license fees .

Brazil company set up is straightforward with Healy Consultants. Our transparent, logical procedures typensure an efficient engagement, the procedures for which typically evolve as follows:

1. Prior to Brazil company set up , our client signs Healy Consultants engagement letter and returns thoriginal to our Singapore Head Office.

2. Healy Consultants Compliance Team receives the required corporate and personal due diligenceinformation from our client.

3. Healy Consultants provides our client with a detailed engagement plan for Brazil company set up ,outlining a roadmap for the upcoming engagement, minimising unwanted surprises and meeting clie

expectations.

4. Our client confirms the Brazil corporate structure, including shareholders and directors. Only thenHealy Consultants proceed with company incorporation. For further information see Brazil CompanRegistration procedures.

5. Prior to Brazil company set up , Healy Consultants Incorporation Team performs a company namesearch with the Board of Trade (" Junta Comercial ") and with the Register of Civil Companies, and iapproved we begin incorporation of your Brazil company.

6. Healy Consultants Incorporation Team emails the following corporate documents to our client for hisignature and return to us: Letter of Appointment of First Director, Consent to Act as shareholder anMemorandum and Articles of Association.

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7. Assuming our client emails the above signed documents to us in a timely manner (originals to follocourier, Healy Consultants Incorporation Team liaises with the Brazil government to complete compincorporation.

8. Healy Consultants Incorporation Team registers the company with the Brazilian tax authorities at th

Ministry of Finance (Fazenda) and obtains the required licenses as stipulated by the IN 568 Regulati2005.

9. Healy Consultants Incorporation Team receives an email of the Certificate of Incorporation from theRegister of Civil Companies. Our team will immediately email the same to you.

10. As part of the Brazil company set up , Healy Consultants Incorporation Team files the followingdocuments with the Junta Comercial:

Notification of Appointment of First Directors and Secretary;

Letter of Appointment of First Directors;

Consent to Act as Director;

The address of the Brazil registered office;

Names, addresses and nationalities of directors and shareholders

11. Healy Consultants Incorporation Team applies for the Brazil Business Registration Certificate and pBrazil business registration fees/ levies.

12. Healy Consultants Compliance Team prepares all post incorporation documents, including minutesfirst meeting, preparation of By Laws, assurance of initial Share Certificates.

13. Upon receipt of original client signed corporate documents, Healy Consultants couriers a companyfolder (to our clients preferred international address) containing the following corporate documents:

Original copy of Brazil Certificate of Incorporation;

An original bound copy of the Memorandum and Articles of Association;

Original share certificates;

An original printout of the company structure from the Register of Civil Companies;

Client feedback form.

14. To support Brazil company set up , Healy Consultants' banking team completes corporate bank accopening for our client, including world-class multi-currency internet banking facilities. Healy Consudeals with recognised banks such as HSBC , Standard Chartered and Citibank to provide corporate baccount services.

15. Healy Consultants provides our client with a local business address in Brazil for invoicing purposes,along with telephone, email and fax support.

16. Healy Consultants assists our client with business website building, search engine advertising , as westationery and logo design to support Brazil company set up .

17. To support Brazil company set up , Healy Consultants assists our client to obtain corporate finance , finance and to open merchant accounts .

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18. Healy Consultants assists our client to locate business premises in Brazil and recruit local staff.

19. Following completion of the engagement, Healy Consultants e-mails an engagement feedback surveour client.