The company
What a single-purpose development company is
A single-purpose company is a business created for one goal only. In the case of Residencial Parintins, that goal is the development of a residential real estate project in Porto Velho, the capital of the state of Rondônia, in northern Brazil.
This format keeps the project apart from any other activity: contracts, revenue, obligations and documents are held by a legal entity of its own, with its own tax number and address, which makes it easier for buyers, suppliers and authorities to check who they are dealing with.
The company was formed in 2022 as a limited liability company (sociedade empresária limitada) and its main economic activity is the development of real estate projects, code 41.10-7-00 in the Brazilian national classification.