Over 5.4 Million People in Brazil Depend on Income from Micro-Entrepreneur Companies

According to the data, 61 percent of all registered MEI's were were attracted by the benefits of registration (having a formal company, the possibility of issuing invoices, being able to make cheaper purchases), 25 percent because of social security benefits, and 14 percent for other reasons.

RIO DE JANEIRO, BRAZIL - The income obtained as an individual micro-entrepreneur (MEI) is the only source of resources for 1.7 million families, as per the 6th MEI Profile survey, conducted by the Brazilian Micro and Small Business Support Service (Sebrae).

According to the survey, this means that 5.4 million people in Brazil, considering four people per family, depend on the income of a MEI.

The data also show that the average . . .

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