Tech Brazil Advocates

Brazil is the size of a continent and each region has its own characteristics, so choosing the best location before you start matters. The economy and the legislation are unique to the country, so study the market behaviour for your business extensively and analyse whether your solution solves a problem there and whether it needs adapting. Fintech and Agritech are areas where Brazilians and Brazilian companies navigate without any problems, so if you offer services or products in these fields, consider hiring a consultant or researcher before landing.

Have a look at the guide's reference document on setting up a company in Brazil, and contact Tech Brazil Advocates if you have questions.

Opening a foreign company, or even a local one, takes time and you need to be patient. Assume it will take 4 to 6 months for everything to be in place, including company registration and the bank account being ready to go.

Brazil is not very expensive when measured in dollars, but the country is bureaucratic and you will need to complete several steps before you are ready to go, which can get expensive if you are not connected to the right partners. Establish a solid financial plan before coming.

After 3 years of operating in Brazil you can apply for various interesting funds from governmental institutions, and these are increasing fast with several offering grants. VCs and Open Innovation groups are also expanding in the country and specialising in many areas of expertise.