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Brazil Report

Entrepreneurial Missions Index

49.53

General Information

Population

194,946,470 (5th most populous country in the world)

Religions

Languages

Roman Catholic         73.6% Portugese
Protestant 15.4% Less Common Languages
Spiritualist   1.3%
Bantu/Voodoo   0.3%
Other   1.8%
Unspecified   0.2%
None   7.4%

Industries

Textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment

Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about Brazil, visit https://www.cia.gov/library/publications/the-world-factbook/geos/br.html.

Business Information

The World Bank ranks Brazil as 0 out of 183 economies in terms of ease of doing business. The country ranks as 0 (of 183) in terms of ease of starting a business.

It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in Brazil.

The World Bank ranks Brazil as 129th out of 183 economies in terms of ease of doing business.  The country ranks as 126th (of 183) in terms of ease of starting a business.

It requires 18 procedures, takes 120 days, and costs 6.9% of income per capita to start a business in Brazil.

In order to start a business in Brazil, one must follow these procedures:

  1. Request and obtain proof of land ownership from Real Estate Registry Office
  2. Request and obtain proof of land tax payment from Treasury of the Municipality
  3. Register employees with Social Security Office
  4. Submit proof of payment to Social Security
  5. Request and obtain Construction Approval Permit and Construction Execution Permit
  6. Request and obtain Equipment Operating Permit
  7. Request and receive frame inspection from Municipality
  8. Request and receive inspection of the structures from Municipality
  9. Request and receive labor inspection from Labor Public Attorney’s Office

10) Request and receive sanitary inspection from Municipality

11) Request and obtain conclusion approval

12) Receive final inspection from Municipality

13) Request and receive Fire Department Inspection

14) Request and obtain operation License

15) Request and connect to water and sewage

16) Request and connect to telephone

17) Request and connect to electricity

18) Register with the Real Estate Registry Office

Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in Brazil, visit http://www.doingbusiness.org/.

 

The World Economic Forum (WEF) was founded in 1971 by Klaus Martin Schwab at the University of Geneva in Switzerland.  It is a non-profit foundation best known for its annual meeting in Davos, Switzerland, which brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss both economic and social issues facing the world.  The WEF also serves as a think tank, and publishes a wide range of reports focusing on issues of concern and importance to Forum communities. In particular, Strategic Insight Teams focus on producing reports of relevance in the fields of competitiveness, global risks and scenario thinking.  The Global Competitiveness Report measures competitiveness of countries and economic competitiveness among a wide range of factors such as corruption, tax rates, work ethic, and many others.

 

Brazil Economic Freedom

The annual survey Economic Freedom of the World is an indicator produced by the Fraser Institute, a libertarian think tank which attempts to measure the degree of economic freedom in the world's nations. Economic Freedom of the World index has been more widely used than any other measure of economic freedom, because of its coverage of a longer time period

Their measure of economic freedom is based on that the following standards:

  • Personal choice rather than collective choice,
  • Voluntary exchange coordinated by markets rather than allocation via the political process,
  • Freedom to enter and compete in markets, and
  • Protection of persons and their property from aggression by others.

A state will rate high when it focuses on protection of people and their property from the actions of aggressors, enforcement of contracts, and provision of the limited set of public goods like roads, flood control projects, and money of stable value and little else, but a country’s rating on the EFW summary index will fall as government expenditures increase and regulations expand.   

1A General government consumption spending as a percentage of total consumption 4.6
Area 1-A Data 24.4
1B Transfers and subsidies as a percentage of GDP 6
Area 1-B Data 15.3
1C Government enterprises and investment 8
Area 1-C Data 0
1Di Top marginal income tax rate 8
Area 1-Di Data 28
1Dii Top marginal income and payroll tax rates 3
Area 1-Dii Data 50
1D Top marginal tax rate 5.5
1 Size of Government: Expenditures, Taxes, and Enterprises 6
2A Judicial independence (GCR) 4.7
2B Impartial courts (GCR) 3.3
2C Protection of property rights (GCR) 6
2D Military interference in rule of law and the political process (CRG) 6.7
2E Integrity of the legal system (CRG) 3.3
2F Legal enforcement of contracts (DB) 4.8
2G Regulatory restrictions on the sale of real property (DB) 8.3
2 Legal Structure and Security of Property Rights 5.3
3A Money growth 7.3
Area 3-A Data 13.5
3B Standard deviation of inflation 8.5
Area 3-B Data 3.86
3C Inflation: Most recent year 9.3
Area 3-C Data 3.64
3D Freedom to own foreign currency bank accounts 5
3 Access to Sound Money 7.5
4Ai Revenues from trade taxes (% of trade sector) 7.2
Area 4-A(i) Data 4.2
4Aii Mean tariff rate 7.6
Area 4-A(ii) Data 12.2
4Aiii Standard deviation of tariff rates 6.9
Area 4-A(iii) Data 7.7
4A Taxes on international trade 7.2
4Bi Non-tariff trade barriers (GCR) 5.1
4Bii Compliance cost of importing and exporting (DB) 7.8
4B Regulatory Trade Barriers 6.5
4C Size of the trade sector relative to expected 3.7
4D Black-market exchange rates 9.1
4Ei Foreign ownership/investment restrictions (GCR) 6.6
4Eii Capital Controls 3.8
4E International Capital Market Controls 5.2
4 Freedom to Trade Internationally 6.4
5Ai Ownership of banks 5
5Aii Foreign bank competition 8
5Aiii Private sector credit 5.6
5Aiv Interest rate controls/negative real interest rates 6
5A Credit Market Regulations 6.1
5Bi Minimum wage (DB) 6.8
5Bii Hiring and firing regulations (GCR) 3.3
5Biii Centralized collective bargaining (GCR) 5.6
5Biv Mandated cost of hiring (DB) 0
5Bv Mandated cost of worker dismissal (DB) 6.6
5Bvi Conscription 3
5B Labor Market Regulations 4.2
5Ci Price controls 7
5Cii Administrative requirements (GCR) 1.4
5Ciii Bureaucracy costs (GCR) 3.5
5Civ Starting a business (DB) 6.6
5Cv Extra payments/bribes (GCR) 4.6
5Cvi Licensing restrictions (DB) 4.9
5Cvii Cost of tax compliance (DB) 0
5C Business Regulations 4
5 Regulation of Credit, Labor, and Business 4.8
SUMMARY INDEX 6
Rank c 111
 

Brazil Summary

 

1 World Economic Forum

2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.

3 World Bank Data

4 World Factbook Project