Brazil has a new legal framework for Startups

The Legal Framework for Startups is the culmination of a four-year effort by the Brazilian government to promote such enterprises in Brazil, aiming for innovation and economic, social, and environmental development.

The new law recognizes the importance of companies as keystone agents of innovation in the free-market, and that modernization of the economy and entrepreneurship are a means of stimulating Brazil's economic productivity.

Startups offer many benefits to society: They generate jobs, offer innovative services and products, and can bring answers to challenges faced by private and governmental organizations.