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Legal Guide for the Foreign Investor in Brazil

Legal Guide for the Foreign Investor in Brazil

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Published by Ad Astra
From Brazil Law Firms a full report.
From Brazil Law Firms a full report.

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Published by: Ad Astra on Jul 03, 2009
Copyright:Attribution Non-commercial


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Legal Guidefor the ForeignInvestor in BrazilLegal Guidefor the ForeignInvestor in Brazil
Edition - 2004
Chief Secretary of the Home Office
Geraldo Alckmin
Arnaldo Madeira
President Vice-President Industrial Director Finance and Administrative Director Institutional Projects Department Editorial Projects
Hubert AlquéresLuiz Carlos FrigerioTeiji TomiokaAlexandre SchneiderEmerson Bento PereiraVera Lucia Wey
As a developing country, Brazil must heed the call for policies favoring entrepreneurialaction. And implementing the mechanisms necessary to give the country a competitive edgein the international markets is an essential part of these policies.Within this context, the various segments in the country’s economy should be increasinglyintegrated into the international production chains as a means of progressively adding valueto goods and services originating in Brazil.Foreign direct investments are a valuable tool in these efforts to gain competitive edge.Besides integrating local economic segments into international value-adding networks, theseinvestments improve the country’s infrastructure and logistics systems, foster the transfer oftechnology, and generate income and job opportunities.The São Paulo State Government is firmly committed to entrepreneurial action, by adoptingconsistent fiscal responsibility policies and a stable set of regulations, while offering theinfrastructure and logistics necessary for production and foreign trade, in addition to fosteringeducation, technology innovation and effective management. And to put this commitment intopractice, the State Government has been striving to attract foreign direct investments.Transparency is an essential condition for attracting these investments. Accordingly, properdisclosure of applicable rules is the first step to achieve this objective of attracting foreigninvestors.For this reason, the São Paulo State Government asked the cooperation of the Center ofStudies of Law Firms and Partnerships (CESA), which has undertaken a pro bono work toupdate the rules applying to foreign direct investments, which materialized into thispublication released by Official Press of the State of São Paulo.I would like to express my sincerest gratitude to CESA, which represents approximately 600leading law firms in Brazil. I would also like to thank the valuable cooperation given by itsChairman, Horacio Bernardes Neto, and by attorneys Celso de Souza Azzi and MoiraVirginia Huggard-Caine, who coordinated the preparation of this work.São Paulo, May, 2004GERALDO ALCKMINSão Paulo State Governor

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