Tag: foreign
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Foreign Capital in Brazil 2012 Census – Central Bank
The Brazilian Central Bank has created the Foreign Capital Annual Census. According to BC´s rules, the declaration is obligatory for Brazilian Companies, which, on December, 31st, 2011: 1) had foreign capital participating in its registered capital (10% or more of voting rights) in any amount and a net worth equal to or greater than US$100…
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New Rules on Permanent Visas for Administrators
The National Imigration Council recently published new rules for the granting of permanent/work visas to foreign administrators, managers, directors or other executives of Brazilian civil or commercial companies sent to Brazil by a foreign investor. According to the new Normative Resolution of the Council, for each foreign administrator for whom a foreign company wishes to…
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Brazilian Tax System Overview
The current Federal Constitution, which was promulgated on October 5, 1988, allocates taxing power between the Union, the States and Municipalities, granting to each of them the power to levy taxes. Taxes in Brazil are divided into pure taxes, betterment fees, social contributions, contributions and compulsory loans. Each level of government is allotted specific taxes…
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Exchange Controls in Brazil
The free flow of funds between countries is something which most investors in the United States and Europe take for granted. However, distinct from other countries, where the local government does not exercise control over the flow of international capital, Brazil imposes rules on the remittance of funds to and from Brazil. Brazilian Exchange Controls…