Freelancers and sole traders in Brazil often register as a Microempreendedor Individual, or MEI, which gives a CNPJ and lets them open a business account, or conta PJ. Many choose a digital bank for no monthly maintenance fee, free instant Pix, and simple boletos, though some keep using a personal account at first.
- Suits Freelancers and Sole Traders best
- No single account suits every freelancer. Digital banks tend to fit freelancers who want low cost and online tools, and a conta PJ keeps business income separate from personal money.
- Typical monthly fee
- From no monthly maintenance fee at several digital banks to small monthly fees at traditional banks, as of 24 February 2026. Some providers cap the number of free boletos for MEI plans.
- Non resident position
- A foreign freelancer needs Brazilian registration and a CNPJ to open a conta PJ, and usually a CPF and resident status. A non resident generally cannot register as a MEI. Verify with the provider.
- Providers that fit
- Several digital providers
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
What Freelancers and Sole Traders in Brazil need from a business account
Freelancers and sole traders mainly need a low cost way to receive client payments, issue boletos, and keep business money separate from personal money for tax and bookkeeping. The instant payment system Pix is widely used and usually free for receiving payments. A card with no annual fee and simple expense tracking also help. Freelancers with overseas clients need to think about how they receive foreign payments and the related currency costs. Free boleto limits and withdrawal fees differ between providers, so weigh cost against the features you use, as of 24 February 2026.
Compare accounts for Freelancers and Sole Traders in Brazil
These providers accept Freelancers and Sole Traders in Brazil. Fees and eligibility shown as of 24 February 2026. Confirm current terms with the provider before applying.
Compare business accounts →Questions about banking for Freelancers and Sole Traders in Brazil
Do freelancers in Brazil need a business account?
Can a MEI open a free business account in Brazil?
Can freelancers receive Pix in a business account?
How do freelancers in Brazil get paid by overseas clients?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 24 February 2026. Confirm current terms with the provider before applying.