Virtual Offices in Brazil Flourish as Work Goes Remote
The Coronavirus pandemic has changed the way we work. More and more people are logging in from home. In fact, some businesses are shuttering their physical offices and relying on remote workplaces. Yelp is the latest to announce it’s closing offices, saying the future of work is remote.
But virtual offices are nothing new, particularly for foreign businesses operating in Brazil. They’ve been and remain critical to international companies in the startup phase.
One of the first things you need to start a business in Brazil is an address. State trade boards require that it be included in a company’s Articles of Incorporation. In most cases, a virtual office address will suffice.
For years, service companies have “rented” office addresses to new businesses. For a small fee, you can “use” their address as your office address. Today, larger companies such as WeWork and Regus offer more options. For example, you can get just an address, you can lease coworking space, or you can even get a private office for a few employees.
For most newly formed entities in Brazil, a virtual office address will do the trick. At least, that is, to get started. But in some cases, a physical office - one that has space for inventory if your business sells goods - will be required.
No matter your business, you have plenty of choices to customize a solution that fits your needs. Just remember that every time you change your address, you’ll need to update your state trade board filings too.