Opening a Wise account for your Brazilian business

If you have a business registered in Brazil, and want to create a Wise Business account, here's some things you'll need to keep in mind.

In order to get a Wise Business account you need to:

  • be an active business

  • provide a valid CNPJ 

  • and be one of the following legal types:

    • Sole Trader – Empresário Individual, including MEI (Micro Empresa Individual). Legal nature code 213-5

    • Single Person Limited Liability Company – Sociedade Limitada Unipessoal. Legal nature code 206-2

    • Single Person Lawyer Company – Sociedade Unipessoal de Advocacia. Legal nature code 232-1

All business accounts must be in line with our Acceptable Use Policy.

Currently, we can only onboard accounts where the owner of the company is the same as the personal account holder. There can only be 1 owner that owns 100% of the company. This means that the owner of the business must create the business account with us.

Read more about getting verified for your Brazilian business

If you have managers at your business, you can add them as an Admin on the account. 

What information will I need to provide?

We'll need to verify the owner's CPF and we'll ask for an ID. We'll also need to collect info about your business, such as name, address, CNPJ, activities, income, etc.

For Sole Trader (Empresário Individual) we also need a live ID + Selfie

Additional information/documents about your business might also be requested if needed.

Read more about how Wise verifies your identity

What are business sending limits?

There are limits per transfer and also a business yearly limit:

Limits per transfer

  • Sending from BRL – 5,000 USD (or equivalent in another currency) both for sending to business or to personal accounts.

  • Sending to BRL – 3,000 USD (or equivalent in another currency) for sending to personal accounts and 10,000 USD (or equivalent in another currency) for sending to business accounts.

Any fees you pay are included in the limit. This means that you may not be able to send it if the total amount with fees exceeds the limit.

Financial capacity (yearly limit)

During registration, you might need to provide income information or additional documents about your business's financial capacity.

Businesses are able to increase this financial capacity by providing additional source of funds documents, upon Wise's request.

Wise reserves the right to request further information at any time if needed, to comply with our regulations.

Acceptable Brazilian source of funds documents

Here are the source of funds documents we accept.

Acceptable documents during onboarding

  • IRPJ (Imposto sobre a Renda das Pessoas Jurídicas) + Receipt

  • DASN-SIMEI + Receipt (for those MEIs exempt from Tax Declaration)

  • Sales/Services Contract

Acceptable documents after reaching financial capacity

  • Sales/Services Contract

  • Owner’s Tax Declaration (for Sole Traders)

  • Loans Contract

  • Personal Tax Declaration (to assess ownership of the company and financial capacity) + Declaration of Investment in the Firm

Is there anything else I need to know?

With a Brazilian business account you can:

You currently won't be able to:

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