Local License Waiver to Benefit 10.3 Million Low-Risk Companies

With the new rules, every low-risk company opened in the country will be entitled to engage in its activities immediately after obtaining the federal tax National Register of Legal Entities (CNPJ).

RIO DE JANEIRO, BRAZIL - The complete waiver of licenses and operating permits for 289 types of low-risk economic activities is expected to benefit 10.3 million companies in Brazil, said Paulo Uebel, special secretary of Debureaucratization, Management and Digital Government of the Ministry of Economy, yesterday, January 28th.

This represents 58 percent of the total 17.73 million companies operating in the country.

The secretary presented the estimates during the introduction of the measure to the private sector and micro- and small-business representatives. According to Uebel, the abolition of this requirement will boost the business environment in the . . .

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