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Foreign
Investors |
How to Invest
International Investors (institutions
and individuals) are allowed to hold
any asset class available to domestic
investors in Brazil.
According to the CMN (Brazilian
Monetary Council) Resolution 2689,
since international investors are
not established or resident in the
country, it is necessary to hire
an institution to act as:
- Legal
Representative
Responsible to present all the
registration information of the
investor to the Brazilian Authorities.
When the representative is an
individual or a non-financial
corporation, the investor must
indicate a financial institution
duly authorized by the Central
Bank that will be jointly and
severally responsible for the
representative's obligation.
- Fiscal
Representative
Responsible for taxes and fiscal
issues on behalf of the investor
before the Brazilian Authorities.
- Custodian
Responsible to hold updated reports
and control all the assets of
the international investor in
segregated accounts, and provide
this information anytime it is
required, to the Authorities
and to the investor.
The financial assets and securities
traded as well as other forms of
financial applications must be registered,
held in custody or maintained in
deposit accounts at an appropriated
authorized institution authorized
by the CVM or Central Bank.
SLW, being an institution authorized
by CVM and Central Bank, is eligible
to act as a representative and will
act both as Legal and Fiscal Representative
and Custodian.
Step by Step
- Choose a legal representative,
a fiscal representative and a custodian.
- The
custodian will sign a contract
with the Investor and will ask
for detailed information attending
the Brazilian legislation of "know
your client".
- Apply for the investor's operational
code.
- Register the funds brought to
Brazil at the Central Bank in declaratory
form. The representative is responsible
for the registration of such operations.
- Choose
a BOVESPA's brokerage firm (SLW)
that will be your representative
at BOVESPA and will execute your
orders.
See
also: Practical Guide for International
Investments in Portfolio.
For
more information contact
Mr. Silvio Ary Priszkulnik
E-mail: silvio@slw.com.br
Telephone number: +55 11 3048-9988
Mobile: +55 11 9154-9130
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