Brazil gained a new company every 5 seconds in October, reveals Serasa Experian

In October 2024, 394,710 new CNPJs were registered in the country, which is equivalent, on average, to one new company every 5 seconds, as pointed out by Serasa Experian Business Birth Indicator, Brazil's first and largest datatech company. This figure represents an increase of 16.5% compared to the same period in 2023. See the data for the last 12 months in the chart below:

"The dynamic business environment and policies supporting entrepreneurship have stimulated the creation of new companies. The acceleration of digital transformation also allows many entrepreneurs to start their businesses with less need for initial capital and face lower barriers to entry. However, to maintain the financial health of businesses, it is essential to have access to adequate resources, assertive guidance, and solid infrastructure to sustain long-term growth and avoid insolvency risks," analyzes Serasa Experian economist Camila Abdelmalack. 

Of the total number of companies opened in October, 290,000 were in the "Services" sector. Next, 75,737 were in the "Commerce" sector, 23,929 in the "Industry" sector, and 4,963 in the "Other" category. See the comparison in the table below:

Regarding legal status, "Individual Microentrepreneurs" (MEIs) accounted for the largest share of businesses created, totaling 282,204. "Limited Companies" opened 89,158 units, ranking second. Next, 13,257 "Individual Companies" were opened, and 10,091 new ventures classified as "Other." 

Southeast region opened more than 200 thousand companies 

According to the survey, in October, the Southeast created 204,791 businesses, followed by the South (76,991). The Northeast registered 59,905 new companies, while the Central-West and North had 34,835 and 18,188, respectively. At the state level, São Paulo stood out among the Federative Units (UFs), with the creation of 123,782 CNPJs, leading the list. See the full survey by Federative Unit (UF) below: 

To check more information and the historical series of the indicator, click here..

Taking out credit responsibly helps companies survive

There are countless reasons why companies take out loans: to actually open a business, to have working capital, cash flow, or simply to make an investment or improvement. To ensure this process is safe and prevents payment failure from becoming a problem, Serasa Experian offers products and services to assist entrepreneurs in the process: CNPJ monitoring services, debt renegotiation tools, and a blog with rich and informative content. Click here to learn more!

Methodology

For the survey of Company Births, the monthly number of new companies registered with the commercial boards of all Federative Units of Brazil was considered, as well as the monthly calculation of CNPJs consulted for the first time in the Serasa Experian database.