Due to the growing expansion of the betting sector in Brazil, many companies are facing regulatory challenges that require quick action and expertise. For this reason, we would like to offer an innovative solution, which involves establishing companies Brazil. This new service not only helps meet the new legal requirements but is also part of a rebranding strategy that positions Egaming Services as a symbol of flexibility, adaptability, and humanization.
Why establish companies in Brazil?
Due to the regulation of sports betting in Brazil, companies that wish to operate in the country must now establish their activities locally. This step is crucial to ensure that operations comply with Brazilian laws, promoting security and clarity within the sector. However, this process can face challenges, ranging from bureaucracy to strict compliance with local regulations. This is where Egaming Services comes in, providing full support to make it easier for companies to enter the Brazilian market. In this way, operators can focus on expanding their businesses, removing barriers to growth.
What are the benefits of establishing companies in Brazil?
- Compliance with Local Regulations: Brazilian regulation requires activities to comply with local standards, ensuring greater security and clarity in the iGaming sector.
- Tax Benefits: Establishing a structure in Brazil provides several tax benefits compared to hiring international companies for technology services.
Companies that decide to hire services from international providers may face a significant tax burden, including:
- Withholding Income Tax (IRRF): Rate of 15% or 25%, depending on the supplier’s jurisdiction.
- Economic Domain Intervention Contribution (CIDE): Rate of 10% on contracts involving technology transfer.
- PIS/Cofins-Import: Combined rates of 9.25%.
- Service Tax (ISS): Rate varying from 2% to 5%, depending on the municipality.
- Financial Operations Tax (IOF): Rate of 0.38% on exchange transactions. Registering companies in Brazil can significantly reduce these costs, as well as facilitate customer service and strengthen market presence.
Egaming Services: The Solution for iGaming Companies in Brazil
As explained by Daniel Santos, CEO of Egaming Services:
“With the regulation of the betting sector in Brazil, it is essential that companies wishing to offer technological solutions to licensed operators create a local infrastructure. In addition to meeting legal requirements, this option offers several tax benefits, avoiding high costs related to hiring foreign suppliers, such as IRRF, CIDE, PIS/Cofins-Import, ISS, and IOF. Having a structure in the country is not just a competitive advantage but also a crucial approach to ensure sustainable growth. With our experience and strategic planning, we contribute to creating a structure that not only meets legal requirements but also drives our clients’ financial results.”
Personalized Consulting: Facilitating the Process with Egaming Services
We offer comprehensive consulting for establishing companies in Brazil, analyzing each case uniquely to optimize tax incentives and reduce costs. Our goal is to remove bureaucratic barriers, enabling operators to focus on expanding their businesses.
Turning Challenges into Opportunities:
With the regulation of the Brazilian market, a unique growth opportunity arises for iGaming companies. Egaming Services is ready to support your company in adapting to the new standards, ensuring a strong and effective entry into the sector. If you have any questions about Egaming Services’ services, feel free to contact us!
