South America
Fintechs building on PIX rails, Brazil
Brazil's PIX instant payment system processes 200M+ users with sub second settlement, free for individuals. Banco Central licensing (PSP, IP, SCD) is mature and well documented. Atlantico, Kaszek and Monashees actively fund Brazilian fintech at Series A and beyond.
PIX railsBanco Central PSPKaszek / Monashees
Start setup {placement} 4 min · no card required
Corp tax
34%
Fastest setup
8 weeks
Tax treaties
36
Region
South America
What you'll need
- No resident director required
- Local registered office required
- Economic-substance test applies
- Minimum capital: BRL 1
- Administrative language: Portuguese
- Legal system: Civil law
Tax and treaty profile
- Corporate tax 34%
- Tax treaties 36
- VAT rate 17%
- Withholding on dividends 0%
Key treaty partners
FranceGermanyNetherlandsSpainSingaporeUnited Kingdom
Banking and payments
- Banking takes 2 to 4 weeks with KYC
- Stripe supported
- Wise supported
- EMI license framework available
Considerations
If you want light touch administration
Brazil's tax and labour compliance load is among the heaviest globally. Procurador appointment is mandatory for non resident shareholders, and CNPJ plus RDE-IED filings at Banco Central add friction.
CNPJRDE-IEDProcurador required