Lex Mundi Global Foreign Investment Restrictions Guide

Please provide a short summary of the Foreign Investment Restrictions adopted by your jurisdiction. Historically, foreign investment has been welcomed in Brazil and it constitutes an important source of capital for the development of strategic sectors of the country’s economy. As a general rule, foreign investment is not subject to government approvals or authorizations, and there are no requirements regarding minimum investment or local participation in the capital (except in very limited cases such as in financial institutions, insurance companies, and other entities subject to the regulating authority of the Central Bank of Brazil – “BACEN”).