Opening companies in Brazil now takes only 18 hours, points Federal Government bulletin

The average time for the opening of companies in Brazil reached a new milestone in the second quarter of 2024: only 18 hours. 

This result reflects a significant 3-hour reduction (14.3%) compared to the end of the first quarter of 2024 and an 11-hour decrease (37.9%) compared to the same period last year. 

The information was disclosed by the Federal Government through the Company Map Bulletin.

According to the survey, Rio Grande do Sul stood out as the fastest state to open companies, with an average time of only 5 hours, representing an impressive reduction of 61.5% compared to the previous quarter. Already the state of Para had the longest average time, 1 day and 7 hours, but still recorded a drop of 8.8% in that time compared to the previous quarter. Among the capitals, Aracaju, Curitiba and Espirito Santo drew attention for speed, with an average of 2 hours for the opening of new companies.

According to Marlon Freitas, CMO of Agilize Accounting Online, the results are a direct reflection of the digitization and the reduction of bureaucracy of processes in Brazil. “A reduction in the time of opening of companies shows how improvements in digital services have directly impacted the business environment. In addition to facilitating the lives of entrepreneurs, these changes encourage the emergence of new businesses, increasing competitiveness and contributing to the economic growth of the country”, says Freitas.

In the second quarter of 2024, 1,459,079 new companies were opened in Brazil, representing a growth of 0.3% compared to the first quarter and of 5.3% in relation to the same period of 2023. The highlight is for micro and small companies, which represent 97.3% of the total new businesses. In addition, the number of closed companies fell 3.0% compared to the first quarter of 2024, totaling 830,525 companies closed

The fall in the number of closures and the increase in business opening demonstrate that the market is becoming increasingly dynamic, and online services play an essential role to maintain this pace.“O the future is digital, and those who can adapt to this new scenario will have more chances of success and longevity”, concludes the CMO.