Foreign Investment in Brazil

A recently enacted Brazilian law provides that Brazilian entities are now required to report foreign investments. Foreign investments under USD100,000, and loans for less than USD1 million, are now exempted from filing with the Central Bank.

Further, the law provides that banks may hold non-residents' accounts in BRL, relaxing the previous regulations that made it difficult for non-residents to hold accounts in Brazil.

Now, non-residents' bank accounts shall be treated like residents' accounts, and the information required by the Central Bank of Brazil has been substantially reduced.