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New rules for direct foreign investment registration

On January 30, 2017, the Resolution 4,533 of the Central Bank of Brazil entered into force, which amended the rules for registration of direct foreign investment, applicable to all foreign investors (individuals or corporations) - or for those who do not have tax residence in Brazil - who have interest in the capital of the Brazilian company. In addition, foreign companies authorized to operate in Brazil, which have outstanding capital for this, must also submit those operations to the Central Bank registry.   Among the changes made, it is worth highlighting the...

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New opportunity to join the repatriation program in Brazil

On April 3rd, 2017 the term for joining the Special Regime of Exchange and Tax Regulation (RERCT) was reopened in Brazil, giving taxpayers a second chance to regulate their assets held irregularly abroad.   This is one of the measures in the scope of the fiscal adjustment proposed by the Brazilian government that aims towards a voluntary declaration of resources, goods or rights of licit origin, undeclared or incorrectly declared, remitted, kept abroad or repatriated by residents or domiciled in the country, with the guarantee of amnesty.   The program was established by the...

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Manucci Advogados is one of the most admired Brazilian Firms

The 11th edition of “Analise Advocaica 500”, a representative publication that acknowledges the most respected and relevant Brazilian Firms annually, nominated Manucci Advogados in its list of the most admired. Guilherme Poggiali, Partner of the firm, was also acknowledged as one of the most admired attorneys, due to his outstanding performance. The “Most Admired” list is an outcome of a research carried by Análise Editorial (from the Brazilian leading publisher, “Editora Abril”), that enquires the heads of legal departments of the 1.800 largest companies in Brazil. We, at Manucci Advogados, are glad to...

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How to invest in Brazil

Brazil is among the world's four largest emerging economies, with a PPP GDP of USD$ 3.13 trillion. It is the world’s 9th largest economy and it is the largest economy in Latin America. By continuously building upon the solid macroeconomic stability, which began in the early 2000’s, by 2012, it had become the world’s 3rd largest foreign direct investment recipient and the 1st in Latin America.   Major companies are located in Brazil, such as Embraer, Vale, Petrobras, among others. With more than 200 million inhabitants and a large middle-class population, the...

New opportunites for the international private sector in Brazil’s infrastructue

On 13 September, the Brazilian Congress enacted the Federal Law nº 13.334, establishing the new Investment Partnership Programme (Programa de Parcerias de Investimentos - PPI), which aims to help execute public infrastructure projects and other concessions to the private sector. Although the new law does not amend the most important rules concerning the procurement of construction works, concessions or public private partnerships; it aims to reduce government intervention in the design of infrastructure projects, making them more interesting to the private sector. The law creates two distinct government institutions that seek to...