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ARTICLE · 29 MARCH 2010

Brazil Releases Exchange Controls

Walter Stuber Consultoria Jurídica
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On March 24, 2010, the Brazilian Monetary Council (Conselho Monetário Nacional – CMN) and the Central Bank of Brazil (Banco Central do Brasil – Bacen) adopted a series of measures to consolidate and simplify the normative acts and proceedings applicable to the international capitals and the exchange market regulations in our jurisdiction.

BrazilCorporate/Commercial Law
Walter Stuber
Walter Stuber
Adriana Stuber
Adriana Stuber
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On March 24, 2010, the Brazilian Monetary Council (Conselho Monetário Nacional – CMN) and the Central Bank of Brazil (Banco Central do Brasil – Bacen) adopted a series of measures to consolidate and simplify the normative acts and proceedings applicable to the international capitals and the exchange market regulations in our jurisdiction. These measures are summarized below.

1. Consolidation of the Rules on Foreign Capital

CMN approved Resolution No 3844, consolidating in only one single normative act, all the general provisions regarding foreign capital in Brazil, dealing exclusively with the registry of flows of direct investments, offshore credits, royalties, transfers of technology and international leasing transactions.

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