StartNewsBrazil Reduces Average Time to Open a Business to 21 Hours

Brazil Reduces Average Time to Open a Business to 21 Hours

The scenario for entrepreneurs in Brazil is becoming more favorable, especially regarding the bureaucracy for opening new businesses. According to the Federal Government's Business Map, the average time to open a company in the country is now just 21 hours. This data reflects a significant reduction of 6 hours (22,2%) compared to the end of the third quarter of 2023 and 9 hours (30,0%) compared to the first four months of the same year

In June 2024, 347 thousand companies were opened in Brazil, with 80% of them being registered in less than a day. The report, prepared by the National Secretariat of Microenterprise and Small Business (MEMP), highlights that in the first quarter of 2024, 1 was opened.456.958 companies, representing an increase of 26,5% compared to the last quarter of 2023 and 9,2% compared to the same period of the previous year

Rafael Caribé, CEO of Agilize Online Accounting, company that assists in the opening of CNPJs, note that this trend points to a more agile and adaptable business environment in Brazil. "The reduction in opening times", the viability and registration of companies not only makes life easier for entrepreneurs, but also stimulates the entry of new players into the market, strengthening the economy as a whole, comment Caribé

The report also reveals that in the same period from January to April 2024, 854 were closed.150 companies, an increase of 24,4% compared to the last quarter of 2023 and 15,5% compared to the same period of the previous year. Despite the increase in the number of closed companies, the balance is positive with 602.808 new companies, totaling 21.738.420 active companies in the country

Although the challenges persist, especially with the increasing number of dissolved companies, the data indicates a balance between closing deals and opening new businesses. This dynamic reflects a healthy and transforming economy

The significant reduction in the time to open businesses, allied to other observed trends, signals a promising future for entrepreneurship in Brazil, opening doors to creativity, innovation and business success

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