The application must be approved prior to initializing any type of activity. What is the difference between CPF and CNPJ? Tax authorities assign an eight-digit company registration.
Investors in Brazil must have federal tax identification numbers – CPF and CNPJ. The CPF is for individuals.
However, this basic distinction is often misunderstood when non-resident individuals and companies seek to do business in Brazil. While their functions might be similar, they have some differences, as shown in this article. These digits represent three distinct elements: The first eight digits refer to the company registration number assigned to the company by the tax authorities. The next four digits comprise the business place.
CNPJ - What does CNPJ stand for? Brazil is a key market for many eCommerce companies. If this new requirement puts your trading business there at risk.
Besides companies who invest in the Brazilian stock market, there are also two more situations where a foreign company is obliged to register itself in the Country in order to obtain a registration number on the Federal Treasury (“Receita Federal”).