The average time to open a business in Brazil reached a new milestone in the second quarter of 2024: only 18 hours.
This result reflects a significant reduction of 3 hours (14.3%) compared to the end of the first four months of 2024 and a decrease of 11 hours (37.9%) compared to the same period last year.
The information was released by the Federal Government through the Business Map Bulletin.
According to the survey, Rio Grande do Sul stood out as the fastest state to start a business, with an average time of just 5 hours, representing an impressive 61.5% reduction compared to the previous four-month period. The state of Pará had the longest average time, 1 day and 7 hours, but still recorded an 8.8% decrease in this time compared to the previous four-month period. Among the capitals, Aracaju, Curitiba, and Espírito Santo stood out for their speed, with an average of 2 hours to open new businesses.
According to Marlon Freitas, CMO of Agilize Online Accounting, the results are a direct reflection of digitalization and the streamlining of processes in Brazil. "The reduction in the time to open businesses shows how improvements in digital services have directly impacted the business environment. In addition to making life easier for entrepreneurs, these changes encourage the emergence of new businesses, increasing competitiveness and contributing to the country's economic growth," says Freitas.
Marlon Freitas highlighted the role of online accounting in this context: “We are living in a time of important transition. The simplification of financial and bureaucratic management through online accounting has helped thousands of new entrepreneurs to prosper in an increasingly competitive market,” he says.
In the second semester of 2024, 1,459,079 new companies were opened in Brazil, representing a 0.3% increase compared to the first semester and a 5.3% increase compared to the same period in 2023. The highlight goes to micro and small businesses, which represent 97.3% of the total new businesses. Additionally, the number of closed companies decreased by 3.0% compared to the first four months of 2024, totaling 830,525 closed companies.
The decrease in closures and the increase in company openings demonstrate that the market is becoming increasingly dynamic, and online services play an essential role in maintaining this pace. "The future is digital, and those who manage to adapt to this new scenario will have a better chance of success and longevity," concludes the CMO.
