September 20, 2023

The time will come for any overseas enterprise, giant or small, after they should work with an accounting agency in Brazil. Whether or not they’re domiciling within the South American financial powerhouse, or simply opening a satellite tv for pc workplace there, it issues not. Accounting greatest practices are inevitably going to be a serious function of any enlargement technique in Brazil. 

As Latin America’s largest financial system and the 9th largest on the earth, Brazil is a power to be reckoned with. No matter how you’re feeling about Brazil’s earlier president, Bolsonaro’s administration enacted business-friendly insurance policies that helped in the reduction of on authorities intervention out there, took steps to reign in extreme paperwork, and opened up the Brazilian financial system to extra overseas participation and funding. The South American hegemon has by no means seemed so engaging to overseas traders because it does immediately.

What does all this should do with accounting companies in Brazil? Like anyplace else, any financial exercise will probably be taxed, and it may be tough for overseas companies to adjust to regulatory necessities and pay taxes accurately in the event that they attempt to go it alone. Other than skilled bookkeeping, foreigners want to rent on-the-ground attorneys to make sure they’re assembly all of the authorized necessities to start out a enterprise in Brazil.

With a whole lot of accounting companies and thousands of CFC-qualified accountants on the market promoting their skilled providers, how can overseas traders, entrepreneurs and firms who’re new to Brazil know which accountancy is correct for them?

Infographic by Biz Latin Hub about Brazilian taxes for an article on accounting firm in Brazil
Earlier than discovering an accounting agency in Brazil, it’s important to perceive Brazilian taxes

High 7 accounting companies in Brazil

Listed below are a number of the largest accounting companies in Brazil, according to a number of industry analysts. Many accounting companies present far more than easy bookkeeping on your firm.* Company accounting companies in Brazil cost anyplace between $10,000 USD to $25,000 USD and up, relying on the scale, complexity and variety of hours wanted to ship on a mission or set of providers. 

  • Gescon Consultoria – One of the vital respected accountancies within the nation, this mid-sized agency affords company accounting, inside auditing providers, and finance & accounting outsourcing (FAO) providers. 
  • CLM Controller – Based mostly in São Paulo, Brazil, this huge accounting agency supplies accounting, auditing, tax compliance, monetary, payroll, HR, and different enterprise providers.
  • Solutta – Established in 2008, this agency has grown to one of many greatest Brazil-born accountancies within the nation. With places of work in Rio de Janeiro and Suzano, its main focus is accounting, tax compliance and FAO providers.
  • Confiare Assessoria Contábil – An accounting and consulting agency primarily based in Rio de Janeiro, this agency of fine reputation makes out there FAO providers, accounting, HR consulting and staffing providers to its shopper firms. 
  • Mapah – Headquartered within the metropolis of Americano do Brasil, this mid-sized accounting agency in Brazil supplies accounting, FAO and enterprise consulting providers to giant company purchasers and small- and medium-sized enterprises (SMEs).
  • PwC Brasil – This can be a giant multinational accounting conglomerate primarily based in Rio de Janeiro. Other than accounting and auditing, it additionally acts as a tax consultancy for firms within the agribusiness, power, pharmaceutical and automotives sectors, amongst others. 
  • Grant Thornton Brazil – One other multinational accounting conglomerate, its Brazil arm of the corporate is headquartered in São Paulo. The big group of execs makes a speciality of accounting, auditing, enterprise consulting, taxation and Environmental, Social, and Governance (ESG) compliance. 

*This under no circumstances must be thought-about an exhaustive checklist. The Clutch and Glassdoor web sites have extra intensive lists of accountancies in Brazil. 

What sort of providers do accounting companies in Brazil supply?

A few of the largest and most well-established accounting companies in Brazil achieve this far more than accounting (although that is still their bread-and-butter income stream) and might present a full slate of enterprise providers, equivalent to:

  • Accounting providers
  • Enterprise setup and incorporation
  • Compliance with tax rules
  • Inner firm auditing
  • Payroll administration 
  • HR providers and consulting
  • Worker recruiting
  • Compliance with ESG worldwide requirements
infographic about the distribution of employment by sector in Brazil by Biz Latin Hub for an article on accounting firm in Brazil
An accounting agency in Brazil would preserve the distribution of employment of the nation in thoughts

What it’s best to search for in an accounting agency in Brazil

The perfect accounting agency in Brazil must be connecting you with their most succesful people who find themselves specialists of their area. They may offer you information and a plan of motion on:

  • Compliance with native, state and federal tax rules
  • What if any tax returns your organization is entitled to
  • Know by coronary heart which supporting tax paperwork your organization should submit
  • Company accounting necessities and requirements
  • Methods to stay in good standing with Brazilian regulatory authorities
  • Fluency in English, the flexibility to clarify advanced rules in an easy-to-understand method
  • (Ideally) has suggestions on enterprise methods that empowers your organization to maximise its possibilities of industrial success in Brazil

Biz Latin Hub might help you with accounting companies in Brazil

At Biz Latin Hub, we offer built-in market entry and back-office providers all through Latin America and the Caribbean, with places of work in Bogota and Cartagena, in addition to over a dozen different main cities within the area. We even have trusted companions in lots of different markets.

Our unrivalled attain means we’re ideally positioned to assist multi-jurisdiction market entries and cross-border operations.

In addition to information about accounting companies in Brazil, our portfolio of providers contains hiring & PEO accounting & taxation, firm formation, checking account opening, and company authorized providers.

Contact us immediately to seek out out extra about how we will help you to find high expertise, or in any other case do enterprise in Latin America and the Caribbean.

If this text on accounting companies in Brazil was of curiosity to you, try the remainder of our protection of the area. Or examine our group and skilled authors. 

A BLH infogrpahic showing key services offered by the company
Key providers supplied by Biz Latin Hub