We have gone bankrupt in Brazil!
Have you ever gone bankrupt? Some of us have. We know exactly what it feels like to see all your effort devoured by the system. But the question we ask is: do you want to go bankrupt again? Or do you want to learn how the big ones protect their assets while the Brazilian scene tries to bring them down?
The paradoxical Brazilian scenario
Doing business in Brazil is a double-edged sword. On the one hand, the taxation itself is not even the worst in the world and the tax authority, although occasionally corrupt, still leaves room for growth.
The real problem is not how much you pay, but what you get in return — which is almost nothing — and the legal insecurity that hovers over every invoice you issue.
The entrepreneur's Bermuda Triangle
However, what effectively breaks the Brazilian entrepreneur is the legislation! It is the "Bermuda Triangle": the tax legislation that changes every day, the labor legislation designed to punish, and the consumer legislation that is often used in bad faith.
In Brazil, you play a game where the rules change while the ball is rolling.
The math of bankruptcy
A poorly calculated tax penalty? Bankruptcy. An unexpected labor lawsuit? Bankruptcy. The Consumer Defense Code may seem mild, but it corrodes your profit in the detail.
The Brazilian system was not made for your business to last decades; it was made to extract the maximum from you until you can't take it anymore.
The offshore as an escape valve
And this is where offshores come in. Forget the myth that offshore is a resource to evade taxes! That's talk from those who don't understand anything about business. Offshore serves to solve these structural problems.
It serves for you to internationalize your profit, protect your assets from these fatal penalties and ensure that your company does not have the same fate as the other four.
Startaway: learn from those who have already bled
We joined Startaway because we have bled in this market, we know where the judge squeezes and where the tax authority bites. We build the framework so that you can do business in Brazil with the security of someone who has a solid foundation abroad.
Don't wait for your next bankruptcy to think about international protection.
