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How to open a Brex account from Brazil

brex account from brazil

Brex Account: The Basics

What is Brex?


The idea behind Brex is to provide innovative financial solutions for businesses, particularly in the tech industry. At first, the company was focused on helping startups get credit cards they could not get from traditional banks.


Since then, Brex has expanded its services to include expense management software, automated bill payments, and a comprehensive financial platform to enhance business operations and make better financial decisions

Why Brex?

brex account from brazil


Several reasons make Brex stand out as a solution for many entrepreneurs, but here are 5:

  • Tailored Solutions for Startups
    Brex offers products that are tailored to the specific financial needs of startups and high-growth businesses. This includes the ability to issue business cards without demanding personal guarantees and the absence of personal credit checks.

  • Comprehensive Financial Management
    The platform integrates a number of financial services, such as cash management, travel booking, and spending management. Businesses benefit from all of this because they have less administrative work and save time.

  • Advanced Technology
    Brex uses AI to improve spending policy compliance, automate expense reporting, and manage budgets in real-time. Businesses can function more effectively and make wise financial decisions thanks to this technical advantage.

  • Global Reach
    Brex is a desirable choice for companies with worldwide operations because of its ability to function in more than 120 countries and support enterprises seeking to control expenses abroad.

  • Strong Support Network
    Brex has established a reputation for excellent customer support and has garnered the trust of over 30,000 companies worldwide.

How To Open a Brex Account from Brazil 


If you are an entrepreneur who wants to open a Brex account from Brazil, then you must have a US company. 

The good news is that you can open it from any part of the world, including Brazil, too.

Here is a simple explanation of the whole process: to open a US bank account, you need an EIN. To get an EIN, you need to have an LLC

(It sounds complicated, but it’s straightforward. You have our word.)

Plus, with the Neubase process, we handle everything from start to finish. Every step is done in roughly 4 weeks, and it’s mostly a waiting queue for the US authorities to approve your company’s EIN.

Having said that, to create a Brex business account, you must meet certain conditions:

Legal Entity


US Incorporation:
Founders must have a business incorporation in the United States. This is essential for compliance with Brex’s operational framework.

Business Address

  • US Billing Address: A US billing address is required to secure the credit limit for the Brex card. International founders can use a virtual office for this purpose.

  • Physical Address: While a virtual office works fine for billing, having a physical address in the US may still be necessary for certain application processes.

Your Residence


International Residential Address:
As non-US residents, founders will need to provide a valid international residential address. This helps establish identity and residence.

Compliance


US Employer Identification Number (EIN)
: A valid EIN issued by the IRS is mandatory for tax identification purposes.

Business Operations: The business must either currently provide or plan to provide services and products to US customers and employ or contract US personnel.

Business Activity


Funding Requirements
: Founders should have received equity investment (from accelerators, angels, or venture capital) or plan to do so soon. Alternatively, businesses should demonstrate more than $1 million in annual revenue or have more than 50 employees.

Tech Startups: Tech startups on a path to meeting these criteria may qualify if referred by an existing customer or partner.

Preparing Your Documentation


Founders need to gather necessary documentation, including:

  • Proof of US incorporation.
  • IRS letter confirming EIN.
  • Business license and any other regulatory documents required for compliance.

With all these requirements met, international founders from Brazil can successfully apply for a Brex account and use its financial services tailored for businesses.

Create a Brex Account—Step-by-Step

To create a Brex account, follow this step-by-step guide tailored for international founders, including those from Brazil:

brex account from brazil

Step 1: Gather Required Documentation


Before starting the application, ensure you have the following documents ready:

  • Valid Photo ID: Such as a passport or US driver’s license.
  • RS Letter: Confirming your Employer Identification Number (EIN).
  • Incorporation Documents: 
  • Valid US company incorporation documents and a business license.
  • Social Security Number: If applicable.
  • Company Website: If you have one.

Step 2: Create Your Account

  1. Fill in your details, including:

– Your company name.
– Work email and mobile number.
– Number of employees in your company.
– Whether you run an eCommerce business.
– Average monthly revenue.
– How your business is funded (e.g., venture capital, self-funded).

  1. Choose a secure password to create your account.

Step 3: Verify Your Business

After creating your account, you will need to verify your business by providing:

– Business address.
– Incorporation details.
– Ownership information.

You may also need to provide a utility bill to verify your address and state the purpose of opening the account.

Step 4: Apply for Financial Services

  1. During the onboarding process, click on “Apply for financial services.”
  2. Specify if your company is subject to backup withholding and provide any additional required information.

Step 5: Await Approval


Brex typically reviews applications within
3-5 business days. You will be notified via email about your application status or if additional information is needed.

Step 6: Set Up Your New Account

Once your account is approved, you can:

  1. Add Funds: Connect your other bank accounts or transfer funds directly into your Brex account.
  2. Make Payments: Utilize ACH transfers, wire transfers, and checks as needed.
  3. Order Your Brex Card: You can request a physical card or create virtual cards for spending.
  4. Connect Resources: Link payroll services and assign roles within your account for different users.

Congratulations on your new Brex account!

Conclusion


As an entrepreneur from Brazil, you can open a Brex account and easily manage your finances. In order to open one, you’ll need a US company, and to have a US company, you’ll need a bank account, which you can open with your own EIN.


To save you time and to keep your focus on your business growth, Neubase handles everything from start to finish. 

Once you have a US company, you can start creating your Brex account and tap into a global market. 

Grab your free ‘1-on-1’ 15-minute consultation with our team and get a more tailored approach for your business.

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