Doing business in Brazil

Doing business in Brazil

Quick, simple and transparent international transfers in Brazilian Reais

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Offering direct access to trade in Brazilian Reais the very same day, moneycorp makes doing business in Brazil easier than ever before.

Fast delivery

Fast delivery

Reduced time between transfers and receipt of funds

Guaranteed funds

Guaranteed funds

Fix the exchange rate at the time of trade, so you know exactly how much will be delivered

Transparency

Transparency

All trades registered with the Central Bank of Brazil

With moneycorp banco de cambio’s direct access to trade Brazilian Reais, we offer customers quick, simple and transparent transactions. Typically when sending funds to Brazil, there are several financial institutions involved in your transaction. But when you use moneycorp you can easily exchange currency, with full transparency on when your money will arrive and at full value.

Exporter's guide to Brazil

Exporter's guide to Brazil

Discover the benefits for businesses exporting to Brazil, as well as the strengths of the Brazilian market including economic growth in our guide on the world’s ninth largest economy.

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Our Brazilian banking licence

Our Brazilian banking licence

Read about how we became one of only five licenced FX banks to serve South America’s largest country.

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Guide to conducting business in Brazil

The largest country in South America, Brazil offers a thriving economy and a market of over 200 million people with the 9th largest economy in the world. These are a few of the reasons that many organisations across a number of sectors are committed to doing business in Brazil going forward. 

Expanding your business into Brazil can be an effective way of increasing your focus and revenue on the international scale. With a moneycorp account for corporate FX solutions, you are able to enjoy direct access to trading in Brazilian Reais, which ensures an efficient and cost-effective way of doing business in Brazil.

What are the main industries in Brazil?

Brazil has the second largest manufacturing industry within the Americas, boasting global renown and attracting a wealth of investment. Automobile production and textiles are particularly prominent in Brazil, while traditional industries such as oil, gas, iron and agriculture still hold a strong presence.

Our team of dedicated currency specialists offer expert guidance on how to manage your foreign exchange requirements and mitigate currency risk within a wide range of industries.

Emerging industries in Brazil

Healthcare and life sciences is another hugely important industry in Brazil, with investment having almost doubled since the mid-2000s. In addition, with such a large landmass and wealth of natural resources, it’s no surprise that Brazil has seen a rise in the number of renewable energy and environmental solution companies since the turn of the century.

Corporate taxes in Brazil

As an overseas company, expanding your business into Brazil could leave you open to local taxation should you register a local subsidiary or branch. This subsidiary or branch would be liable for corporate taxes in Brazil based on income generated within the country.

Corporate income tax (abbreviated in Portuguese as ‘IRPJ’) requires businesses based in Brazil to pay 15% on their annual taxable income. On top of this, should your annual taxable income exceed 240,000 BRL, you will be required to pay an additional 10% surcharge.

All companies based in Brazil are liable to pay CSLL (translated as Social Contribution on Net Income) on profits made before income tax. Alternatively, companies within several sectors (such as financial institutions) will pay a CSLL of 15%.

Get in touch & learn more about how we can send money to and from Brazil

Get in touch & learn more about how we can send money to and from Brazil

+44 (0) 207 823 7800 Email us