Opening a bank account is an important and particularly challenging step after company formation given to the anti-money-laundering and other regulations put in place to combat drug trafficking and terrorism and this step can be done after obtaining the tax ID number (CNPJ).
The currency of the account must be in BRL and the master signatory is the subsidiary administrator, appointed in the articles of association, and it is very important to request the allowance to make international transactions once this is done through the exchange department of the bank instead of the account manager
Operating a business in Brazil is already a tremendous challenge, and with experienced companies that seek to expand their business in our country, it is no different; perhaps, since their culture is many times very different from ours, it becomes even more challenging.
Do you really know the diference between the taxation methods in Brazil?
