We represent clients from all around the world in Brazil every year. We see the globe as having no borders and are unafraid of language hurdles or time zones.
Considering that law always follows the economy, the emerging Brazilian legal market is flourishing as a competitive, dynamic market on the way to maturity. Taking its leading position in the huge and diversified Latin American economy into account, it is hardly surprising that the Brazilian legal market occupies the largest and most dynamic part within the region.
Brazil’s general rule of law score decreased by less than 3% in 2022’s Index. At 81th place out of 140 countries and jurisdictions worldwide, Pakistan’s rank decreased by 22 in the global rank in comparison to 2019 (59).
Research shows 69% of people in the Brazil experienced a legal problem,50% of them knew where to access help and 55% resolved the problem.
The average duration of resolving the legal problem in the Brazil is 6 months and also 28% experienced a hardship.
A Bachelor of Laws graduate must the pass the Brazilian Bar Examination in order to be admitted to the Brazilian Bar Association ( (Ordem dos Advogados do Brasil – OAB) and be licensed to practise. The lawyer should then register with a State Chapter of the OAB.
Brazil offers several tax incentives and exemptions for foreign entrepreneurs doing business in the country.
One of the most significant tax incentives is the Special Customs Regime for Export and Import of Goods for Industrial Projects (REIDI). Under this regime, businesses can import machinery, equipment, and other goods used in their industrial projects without paying certain taxes and fees.
There are also specific tax incentives available for businesses operating in certain industries, such as technology and innovation. For example, companies that invest in research and development may be eligible for tax breaks and other incentives.
Additionally, Brazil has signed double taxation treaties with several countries to avoid double taxation of income earned in both countries. This can help reduce tax liability for foreign entrepreneurs doing business in Brazil.
It’s essential to consult with a tax professional or legal expert to understand which tax incentives and exemptions apply to your specific business and circumstances.