Time to open a business in Brazil drops to 18 hours, reveals new Federal Government bulletin

The average time to open a business in Brazil reached a new milestone in the second quarter of 2024: just 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 drop 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 for opening a business, with an average time of just 5 hours, representing an impressive reduction of 61.5% compared to the previous four-month period. The state of Pará had the longest average time, 1 day and 7 hours, but still registered a decrease of 8.8% 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 for opening new businesses.

According to Marlon Freitas, CMO of Agilize Contabilidade Online, these results are a direct reflection of the digitalization and streamlining of processes in Brazil. "The reduction in business opening times demonstrates 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 thrive in an increasingly competitive market," he says.

In the second four months of 2024, 1,459,079 new businesses were opened in Brazil, representing an increase of 0.3% compared to the first four months and 5.3% compared to the same period in 2023. Micro and small businesses stand out, representing 97.3% of the total new businesses. Furthermore, the number of closed businesses fell by 3.0% compared to the first four months of 2024, totaling 830,525 closed businesses.

The decline in business closures and the increase in business openings demonstrate that the market is becoming increasingly dynamic, and online services play a crucial role in maintaining this momentum. "The future is digital, and those who can adapt to this new landscape will have a greater chance of success and longevity," concludes the CMO.