The ISO code of Brazil is BR according to the ISO 3166 standard. The local name of the country is Brasil. Brazil capital city is Brasilia. People in Brazil speak the Portuguese language. On 7 September 1822, Brazil emerged as a sovereign political entity. In the year 09/07/1822, Brazil emerged as a sovereign political entity. The largest cities in Brazil are Brasília, Sao Paulo City, Rio de Janeiro, Salvador ; Sao Paulo, Rio de Janeiro, Belo Horizonte, Recife, Belém, Porto Alegre, Fortaleza;.
Brazil has different time zones. They are UTC -05:00 (BRT-2 - Brasilia Time-2), UTC -04:00 (BRT-1 - Brasilia Time-1), UTC -03:00 (BRT - Brasilia Time), UTC -02:00 (BRT+1 - Brasilia Time+1).The internet country code top-level domain (ccTLD) for Brazil is .br. Other domains assigned to Brazil are .lat, .rio. The International dialing code for Brazil is 55. People in Brazil drive on the right side of the road. Total land area of Brazil is 8,515,767 km² (approx. 3,287,941 mi²). Brazil is not a landlocked country. It means that is is bordered by at least one major body of water.
Brazil is located in South America. Brazil is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Brazil faces various issues, including deforestation in Amazon Basin destroys the habitat and endangers a multitude of plant and animal species indigenous to the area, there is a lucrative illegal wildlife trade, air and water pollution in Rio de Janeiro, Sao Paulo, and several other large cities, land degradation and water pollution caused by improper mining activities, wetland degradation, severe oil spills.
Doing business in Brazil
We offer various corporate services in Brazil jurisdiction. These services can serve both, people coming from Brazil and foreigners. If you plan on doing business in Brazil you might be interested in contacting us.
To find out about starting your business in Brazil click on company formation in Brazil.
To find out how to open a bank account in Brazil and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Brazil.
Choose preferred service below or continue reading to find out more about Brazil.
Demographics of Brazil
The total population of Brazil is 210,867,954 people. In Brazil, the population density is 23.8 people per square kilometer (62 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is rather diverse according to a fractionalization scale which for Brazil is 0.5408. Brazil has approximately 713568 foreign immigrants. The median age is approximately 30.7 years. In Brazil, 49.85 in every 100 people use internet. Brazil has a Human Development Index (HDI) of 0.744.
The majority religion of Brazil is Christianity, Brazil is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Brazil.
Culture of Brazil
People in Brazil speak the Portuguese language. According to data on inbound tourists in Brazil, 5,813,000 tourists arrive in the country each year. The first McDonalds in Brazil was opened on 13 February 1979, and it was located in Rio de Janeiro. One of the most popular national dishes of Brazil is feijoada. To read more click on culture of Brazil.
Geography of Brazil
Brazil is considered to be a vast nation because of its total area. Its total land area is 8,515,767 km² (approx. 3,287,941 mi²). Brazil is located in South America. Its capital city is Brasilia. Brazil has 10 neighbouring countries. Its neighbours include Argentina, Bolivia, Colombia, French Guiana, Guyana, Paraguay, Peru, Suriname, Uruguay, and Venezuela. Total length of land borders of Brazil is 16145 kilometers (~6,234 miles).
The highest point of Brazil is Pico da Neblina, with its official height being 2994 m (9,823 ft). Including land mass and EEZ, the total area of Brazil is approximately 12,176,722 km² (~4,701,437 mi²). The most notable natural resources found in Brazil are bauxite, gold, iron ore, manganese, nickel, phosphates, platinum, tin, rare earth elements, uranium, petroleum, hydropower, timber.To read more click on geography of Brazil.
Economy of Brazil
The currency of the country is Brazilian real. The symbol used for this currency is R$, and it is abbreviated as BRL. 13.1% of population in the country are unemployed. The total number of unemployed people in Brazil is 27,623,702. Each year, Brazil exports around $244.8 billion and imports roughly $241.4 billion. The Gini Index of the country is 51.9. Brazil has a Human Development Index (HDI) of 0.744.The Global Peace Index (GPI) for Brazil is 2.122. Brazil has a government debt of 86.4% of the country's Gross Domestic Product (GDP), as assessed in 2014. Brazil is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Brazil is $3,275,799 billion. Each year, consumers spend around $1,401,620 million. The ratio of consumer spending to GDP in Brazil is 0%, and the ratio of consumer spending to the world consumer market is 3.26. The corporate tax in Brazil is set at 34%. Personal income tax ranges from 0% to 27.5%, depending on your specific situation and income level. VAT in Brazil is 25%. In 2013, Brazil received 1288.2 million USD in foreign aid.In 2014, the foreign aid amounted to 815.4 USD.To read more click on economy of Brazil.
Infrastructure of Brazil
Infrastructure quality in Brazil is rated to be at 2.93. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.
In Brazil, 99.5% of the population has access to electricity. There are 26,577,000 internet hosts in Brazil. Brazil has 4093 airports nationwide.
The logistics performance index of Brazil is 2.94. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Tracking possibilities for shipments are rated at 3.03. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.
The number of road motor vehicles per 1000 inhabitants in Brazil is 81. To read more click on infrastructure of Brazil.
Politics of Brazil
Brazil, is a federal presidential constitutional republic. With regard to political and civil freedoms, Brazil is 1. Citizens in Brazil experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Michel Temer.
According to the World Bank Group, the government effectiveness index of Brazil is -0.15. This indicates that the government of Brazil is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Brazil before considering any business maneuvers.In Brazil, the legislative power is vested in a National Congress. The Global Peace Index (GPI) for Brazil is 2.122. The strength of legal rights index for Brazil is 2. Overall, it is considered to be rather weak - bankruptcy and collateral laws are unable to protect the rights of borrowers and lenders in case of credit-related complications; credit information, if any at all, is scarce and hardly accessible. In 2013, Brazil received 1288.2 million USD in foreign aid. In 2014, the foreign aid amounted to 815.4 USD. Brazil is a member of the United Nations (UN). On 24 October 1945, it joined the UN at it inception date as a full member state. Brazil is one of the original UN member states who founded the organization. Brazil is a member of the World Bank. To read more click on politics of Brazil.
Environment of Brazil
Brazil emits 2.2 metric tons per capita of CO2. 4776980 km² of Brazil's territory is covered in forests. and forest land comprises 56% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Brazil is 81. To read more click on environment of Brazil.
Company formation in Brazil
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Brazil.
When establishing a company in Brazil, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Brazil that will affect the establishment and growth of one's business. Contact us or click on company formation in Brazil to read additional information when setting up a business.
Bank account opening in Brazil
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Brazil. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Brazil, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Brazil or contact us.