What is a Microentrepreneur and what are its benefits?

What a microentrepreneur is and what its benefits are are common questions among Brazilians with small businesses. Read the text and find answers!

What is an Individual Microentrepreneur?

The Individual Microentrepreneur is the micro-entrepreneur who works on his own and decides to formalize his business.

The small business owner becomes a legal entity and has duties and rights guaranteed by law.

This formalization category is intended for self-employed or liberal professionals who do not have an employment relationship with any company.

When a small business owner registers as an MEI, they have a CNPJ and many advantages as a legal entity.

Does the Microentrepreneur pay any fees?

Yes, the MEI professional needs to pay some monthly taxes, however, they are charged in a single tax, the Simples Nacional, therefore, they will be exempt from federal taxes.

The value varies according to the activity, being:

R$61.60 – commerce or industry;
R$65.60 – provision of services;
R$66.60 – trade and services together.

The name of the document intended for payment of the tax for MEI is DAS (Simple National Collection Document).

It can be printed for payment on the Entrepreneur Portal or registered for automatic debit from your bank account.

Our text: what is a Microentrepreneur and what are its benefits, It's not over yet, keep reading and discover the advantages of being a MEI.

What are the main benefits of becoming an Individual Microentrepreneur?

When you formalize yourself in this category, you have access to many advantages and benefits, as long as you pay the DAS correctly.

Find out below what the main benefits that the MEI is entitled to.

1. Issuance of Invoice

By formalizing yourself as a MEI professional, you can issue invoices and provide services to the government, public institutions, or large companies that need to present invoices.

Besides that, having a CNPJ also helps you get great discounts from suppliers, allowing you to buy products at factory prices.

Currently, many companies are looking for professionals who have a CNPJ and can issue invoices. Furthermore, positions with this type of requirement tend to be more advantageous.

Therefore, one of the benefits of being a MEI is to have the opportunity to compete for these vacancies.

2. Access to banking services specials

The Individual Microentrepreneur has access to a series of banking services exclusive to the category, for example, credit card and corporate account, easier access to credit, better interest rates and payment conditions.

In fact, the government has a special program for simplify access for Individual Microentrepreneurs to financial products and services, the name of this program is CREDI+.

3. Social security benefits

If you receive any benefits and formalize yourself as an MEI, they will certainly be canceled, for example, retirement, Bolsa Família and Maternity Salary.

However, with this formalization you are also entitled to social security coverage, main benefits that you will be entitled to as an MEI are:

Sickness benefit;
Maternity pay;
Retirement;
Prison assistance;
Survivor's pension.

4. Easier regulation

If you want to have a CNPJ, but think it's too complicated and bureaucratic, know that the best and simplest way to do it is as an MEI.

This is because you can formalize it yourself, eliminating the need to hire an accountant.

The process is very simple and without bureaucracy, it can be carried out by Entrepreneur Portal. On the portal you will find content to answer any questions you may have on the subject.

5. Being able to hire an employee

One of every entrepreneur's dreams is to hire and create jobs, but we know how difficult this can be, especially for microentrepreneurs.

However, if your business is doing well and you have the possibility of hiring an employee to help you with your needs, as an MEI, you can do so with ease.

Certainly, hiring formally will be safer for your company and also advantageous for the employee.

Now that you know What is a Microentrepreneur and what are its benefits?, see below who can become one.

Who can become an Individual Microentrepreneur?

To become a MEI it is important to meet some requirements, for example, your annual revenue cannot exceed R$$81 thousand, in addition:

your function must be among the permitted activities;
you cannot be a partner, administrator or owner of a company;
small business owners who do not need to hire more than one employee.

See how simple it is, with no bureaucracy or many requirements? Perhaps you're already convinced that becoming an MEI is a great option, so see the required documentation below.

Required documentation

See below the list of necessary documentation and keep it separate when registering on the Entrepreneur Portal.

ID;
Voter Registration Card or Income Tax Declaration;
Address;
Contact details.

Other than that, you will still have to provide some information about your business, for example, type of occupation, where the business is run and how it operates.

How to register?

To register, access the Federal Government Services Portal and create an account with your CPF and access password.

After completing your registration, access the website again and look for the Entrepreneur Portal and click on “Formalize”.

Conclusion

In today's text you discovered what is a Microentrepreneur and what are its benefits, So, don't waste any more time and formalize your activity now.

Only then will you be able to enjoy all the benefits offered to professionals in this category.

Even if you don't receive a monthly amount that makes you comfortable paying the DAS, make this investment, as it increases your chances of getting better clients and achieving financial stability.

Life and Finance

Nara

Writer and aspiring Virtual Assistant. Passionate about the Digital Financial Market and its various aspects. Certified by Rock Content and HubSpot. ANBIMA student.

March 15, 2022