I want to open a small business, can i start as MEI?

It depends, if your activity is part of the activities allowed in the MEI – Individual Micro Entrepreneur. Also, if only one employee is initially hired and their turnover is within the allowed limit, SIM. But be careful, MEI was designed only for small activities so, if you already start with a capital stock above R $ 10,000.00 it is advisable not to opt for MEI.