Brazil, the world’s sixth most populous country, has the third-largest economy among the North and South American countries. The Global Innovation Index (GII), providing insights into the innovation and performance of economies worldwide, ranks Brazil in 57th position. Brazil has 67% of the GDP coming from the service sector.
São Paulo, Rio de Janeiro, Salvador, Fortaleza
Financial sector, Banking, Public relations, Medical professionals
The top local universities in Brazil include the following
Some top jobs in Brazil, along with their monthly salary, are listed below:
|Job Title||Average Monthly Salary (BRL)||Average Monthly Salary (USD)|
The Brazilian labor code establishes salary to employees be made in Brazilian currency and has to be paid at least once a month. Mostly the payments are provided fortnightly or monthly as per the employment agreement.
As of 2023, the minimum wage in Brazil is R$1,320.00.
Overtime is restricted to a maximum of 2 hours per day. It is paid at an additional rate of at least 50% of the normal salary.
It is mandatory to provide employees with an additional month’s salary at the end of the year, called the 13th-month salary. It is paid in two equal installments, the first by November 30th and the second by December 20th.
|Payroll category||Contribution %|
|Employees Severance Indemnity Fund||8%|
|Payroll Category||Contribution %|
|Social Security(with a maximum of 828.38 BRL per month)||7.50% to 14.00%|
|Income at or over (BRL)||Up to (BRL)||Tax rate (%)||Deductible tax amount (BRL)|
The standard VAT rate in Brazil is 17%, although it varies between 12% to 25%, depending on the states.
In Brazil, employment can be terminated at any time without stating the cause, provided the notice period is followed (or instead payment) and adequate severance is paid. Termination must be communicated in written form, duly signed, and dated.
The notice period for both probationary and permanent employees in Brazil is 30 to 90 days.
Employees’ severance pay is mandatory but depends on the type of termination process.
Non-Brazilian nationals require the following documents: