An Opportunity For Foreign Investors

Brazil is a developing nation of approximately 200 million people incorporated as a federative republic with 26 states, a federal district where the capital city – Brasília - is located and over 5,000 municipalities, bound by a Federal Constitution dated 1988. The Brazilian economy generates over 50% of South America's total GDP.

As a civil law country, Brazil has several statutes and regulations applicable to all business activities, and a tax structure with over fifty different taxes applying at the local, state or federal level. Notwithstanding this fact, the federal government has a strong program of encouraging foreign investment due to finance and infrastructure development needs. As a general rule, except for certain sectors such as nuclear energy, banking and financial institutions, newspapers, television and the aerospace industry, for example, there is no restriction regarding the participation of foreign companies in the capital stock of legal entities