Doing Business in Brazil

Global law firm Norton Rose Fulbright recently produced Doing Business in Brazil, an overview and guidance on foreign direct investment (FDI) in Brazil based on the firm’s vast experience of M&A transactions in the country. The guide, drafted by Norton Rose Fulbright’s São Paulo office, covers the major areas of concern for foreign investors such as currency and foreign capital regulations, the most common types of entities and companies, regulatory requirements and taxation. Norton Rose Fulbright’s Doing Business in Brazil is now available for download.

Silvia Fazio, Norton Rose Fulbright’s head of M&A in Brazil, says, “We produced an objective material, with a view of helping our clients who are willing to invest in the country. Brazil has a dynamic economy and was the most important M&A market in Latin America in 2023, both by deal volume and by aggregate value” (source TTR Data survey).

This guide examines the legal and regulatory corporate framework in Brazil, covering:

• Requirements for each of the main types of companies in Brazil
• Merger notifications and the role of the Administrative Council for Economic Defense (CADE)
• Overview of business taxation in Brazil
• Currency and foreign capital regulations and the role of the Central Bank of Brazil (BACEN)

Capital markets regulations put out by the Brazilian Securities and Exchange Commission (CVM).