Brazil: Investment Strategy

The Chamber of Deputies and the Federal Senate approved Bill 4,173/2023, establishing new tax rules for investments held by individuals abroad, including so-called offshore companies and trusts.

O novo governo está agindo rapidamente para enrijecer as regras em torno das Private Investment Companies.

El nuevo gobierno se está apresurando a endurecer las normas que regulan las empresas privadas de inversión.

Infrastructure investments in Brazil are at the top of the agenda of the new president.

O governo federal planeja contratar mais de R$ 100 bilhões de investimentos em rodovias nos próximos quatro anos. Também pretende lançar as licitações de duas grandes ferrovias ainda em 2019.

O plano da Companhia das Docas do Estado da Bahia (Codeba) de ampliar o volume de áreas concedidas à iniciativa privada nos três portos públicos da Bahia – Aratu-Candeias, Salvador e Ilhéus – foi fortalecido por uma decisão do governo federal no final do ano passado.

On March 29, 2012, the Brazilian Monetary Council (Conselho Monetário Nacional – CMN) decided to amend the provisions of CMN Resolution No. 2723, of May 31, 2000 (CMN Res. 2723/2000), which sets forth detailed rules, conditions and procedures for installing dependencies abroad and for the direct or indirect equity interest in Brazil or abroad by financial institutions and other entities authorized to operate by the Central Bank of Brazil (Banco Central do Brasil – Bacen).

The Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários - CVM) enacted CVM Instruction No. 501, of July 15, 2011 (CVM Instr. 501/2011), which amends CVM Instruction No. 406, of April 27, 2004 (CVM Instr. 406/2004), and CVM Instruction No. 460, of October 10, 2007 (CVM Instr. 460/2007), dealing, respectively, with Private Equity Investment Funds (Fundos de Investimento em Participações - FIP) that receive financial support from development entities (organismos de fomento

On June 3, 2011, the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários – CVM) issued CVM Instruction No. 497 (CVM Instr. 497/2011), which contains the new rules recently adopted to govern the autonomous investment agents’ (agentes autônomos de investimento) activities in Brazil, and will replace CVM Instruction No. 434, of June 22, 2006 (CVM Instr. 434/2006). These rules will come into force on January 1st, 2012.