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Why open a MEI? Does it make sense for me?

Certainly, you have asked yourself by now “why open a MEI? Does it make sense for me?”

We’ll understand the requirements and see if it makes sense in your case.

Let’s do it?🤓

What is a MEI anyway?

MEI is an acronym that means Individual Microentrepreneur.

In practice, it allows a person to operate as a small business.

In other words, it is when the entrepreneur is also the business.

Basically, if someone is self-employed, they have a good reason why to open a MEI.

What are the main requirements to open a MEI?

  • Have annual revenue of up to R$81,000.00
  • Not own or be a partner in another business
  • Have a maximum of one employee, who receive at least the minimum wage

In other words:

  • You can make up to R$81,000.00 per year.
  • You cannot have another business.
  • You cannot have more than one employee. And, the employee must make at least the minimum wage.

What types of jobs can a MEI do?

A large number of jobs can be done as a MEI. Here is a list with some of the options:

  • Artisan
  • Barber
  • Bar
  • Clothing reseller
  • Clothing retail
  • Electrician
  • Freelancer
  • Gardiner
  • Hairdresser
  • Painter
  • Private tutor
  • Makeup artist
  • Mason
  • Masseuse
  • Minimarts/bodega
  • Photographer
  • Stylist
  • Sweets maker
  • Tattoo artist
  • Taxi driver
  • Tour guide

Unsure if your work qualifies?

See the complete list of possible MEI activities.

How do you open a MEI?

The registration process is simple and completely online.

See here the instructions from the Federal Government on how to formalize your business.

Does MEI make sense for you?

How does this sound? Does it make sense to open a MEI in your case? Leave a comment below so that we can better understand your situation and help you decide.

Better yet, send us a message in the chat!

Where to find more information

SEBRAE

Portal do Empreendedor

Necesio Tavares

CLO - Brazilian-trained lawyer; specialist in financial regulation and investment; LLM, Freiburg University.

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