Among the many liabilities involved in managing a legal entity in Brazil, one of the most primordial is to get a CNPJ number. In Brazil, all entities are demanded to get a CNPJ before they start business or financial activities in Brazil. Even foreign entities must apply for a CNPJ before owning any property in Brazil.
What is a CNPJ? Why should I get one?
CNPJ acronym stands for Cadastro Nacional da Pessoa Jurídica, which translated to English means National Registry of Legal Entities. It has similar functions to to those of the CPF: linking to the tax accountability databases of the Receita Federal do Brasil (Brazilian Federal Revenue Bureau – the IRS equivalent in Brazil). The only difference is that it is for exclusive use of legal entities.
This way, it is a number that identifies legal entities in Brazil. It is used to identify legal entities in banks, revenue agencies, social security system. It is very similar to the EIN in the United States.
In the past CNPJ was named CGC, which stands for Cadastro Geral de Contribuinte, which translated to English means General Taxpayer Registration. It is no longer used.
The CNPJ number has a total of 14 digits. The first 8 digits are the registration number, the following 4 digits (after the slash) identify the entity branch, for example 0001 for headquarters and the following numbers indicate the sequence of branches of a company. The last 2 digits form a checksum of the 12 previous digits.
CNPJ must be detailed on all invoice and receipts issued by the company and must also be detailed on the packaging of any products manufactured by the company.
Information is associated with it
CNPJ works as an Identity Number for the entity and it is linked to information regarding:
Date of incorporation
Entity legal name
Doing Business As (DBA) Name
Code and description of economic activities, according to the the CNAE, Brazil’s equivalent to the International Standard Industrial Classification of All Economic Activities
Code and description of the legal status
How to apply for one
Unlike the process to obtain a CPF, you will not be able to issue a CNPJ to your entity on your own at Brazilian. The process is done only by accredited accountants at the Boards of Trade of the 27 Brazilian federative units.
You can obtain your CNPJ through CKSA. Click on the link below and talk to one of our specialists today. We are accredited in all the Board of Trades of the country.
No Red Tapes
With CKSA Consulting Services, it’s easy to open a Brazilian Bank Account and do business in Brazil. You manage your investments while we deal with the bureaucratic part for you.
Get your CNPJ in Brazil now
– Price: US$ 200.00* –
*This service is free if you are already hiring one of these services: (1) Business Account Opening or (2) Incorporation in Brazil.