To create a Brazilian corporation is far easier than what most people think. The only requirement is that you have at least two shareholders who both have a CPF number and that the company has a general manager who is brazilian or have a permanent residence there. There are no requirements for payment of the share capital before it's been a certain period of time. Many choose to appoint a brazilian (or person with permanent residence there) they trust as their general manager, then make the minimum investment of 150,000 Reais. When the visa is granted he or she can take over as general manager.

Opening a company costs about 5000 Reais with all the necessary sign-ups, and usually it takes two weeks. You have to pay around 450 Reais in accounting each month. The advantage of having a corporation is, among other things, that you can choose between different tax models. Thus, tax for the development and sale of property is very low, and the taxes are only 6 percent of gross income. Best of all: When the tax is paid, the dividend to the individual or holding company is tax free!