The investment regime in Brazil is liberal, allowing foreign investors to have a majority share in the creation of their company.
Obligation to Declare
The Agency for the Promotion of Foreign Investment gives information about the authorisations necessary for setting up. All foreign investors are obliged to appoint a representative in Brazil who, together with the representative of the company receiving the foreign direct investment, will be in charge of registering the operation with the Central Bank of Brazil's Foreign Direct Investment module (RDE-IED) in accordance with the instructions set out on the Central Bank's website.
Foreign investment is restricted and requires special authorisation in the following activities: mineral resource prospecting and mining in border areas, telecommunications, broadcasting companies and healthcare.
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