By Lisa Flueckiger, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – One way of making a living in Brazil is by setting up a new business here. As the process can be complicated and full of bureaucratic hurdles to overcome, bookkeeping company Europartner will explain the details and answer questions at The Rio Times TALKS event on Wednesday, May 27th at La Calaca restaurant in Leblon.
Many foreigners that come to Brazil are awestruck by the beauty of the country and decide they want to live here permanently. Yet especially in a more uncertain economic climate with unemployment rising and many multinational companies reducing their workforce here, many revert to their entrepreneurial skills and niche ideas.
Yet, when thinking about setting up a business in Brazil, a plethora of questions come up. “Can a foreigner be a shareholder of a Brazilian company? How long does it take to open a company and what are the costs? How many minimum shareholders and capital are needed? How much does en employee cost?” are some of the most common questions according to Mathieu Piques from Europartner.
There are different types of companies that can be set up. According to Piques, around ninety percent of foreigners choose to set up a “Limitada” company. “Because of the simplicity and because it is available for foreign shareholders,” he explains.
Even though the economic outlook of Brazil isn’t the strongest at the moment, there remain many upcoming opportunities in the market. Mr. Piques sees the most possibilities for foreigners in the next two to five years in Brazil in, “Oil and gas, textile, services for [luxury market] people, health equipment and sports equipment (in light of the Olympic Games).”
In addition to the expert discussion on setting up a business in Brazil, Alessandra Marzano from Rio Exclusive will speak about buying property in Brazil and Amit Ramnani from Ipanema Wealth will speak about financial planning strategies in Brazil for foreigners. The event will be moderated by Kim Levone from Improbable Comedy, and include a short comedy introduction by her team.
Stone Korshak, editor and publisher of The Rio Times explained, “These are each topics that people always want to discuss and learn more about, as they affect so many of us foreigners here in Rio. This was an opportunity to get the experts together and offer a service to the community, all over some great food and drink at this chic new Leblon location.”
Entrance to this event will be limited to fifty places, and a guaranteed seat requires pre-purchasing a ticket for R$50 online. If seating is still available on the night of the event, entrance will be R$80 (cash only). In addition, the hosts La Calaca will have a small R$30 minimum consumption with special promotions of: R$10 margaritas and R$20 gourmet taco plates.
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What: The Rio Times TALKS Series
When: Wednesday, May 27th, 7-9:30 PM
Where: La Calaca Restaurant, Av. Ataulfo de Paiva, 1240, Leblon, RJ
Entrance: R$50 reserved online/R$80 without (cash only), plus R$30 minimum consumption