Brazil's Tax and Trade Policies under the Rousseff - Brazil-US ...

General Rules of Foreign Investments• Foreign investments are subject to registration before Central Bank of Brazil (“BACEN”),whether in the form of equity or debt•Exchange controls: Brazil has a system of exchange control in regard to the remittances offunds abroad, including capital injection, remittance of dividends, interest payments, funds fromimport and export operations, remittance of royalties and contracting services. This control isdone by BACEN.• Repatriation: there is no minimum period for being in Brazil (there may be specific tax for loanswith term of less than 90 days). The return of invested capital as a divestiture or dividends is freeand exempt of taxes. Capital gains are taxed. Remittance of interest are subject to WithholdingIncome Tax and their remittance abroad also depends, in general, to previous registration beforeBACEN.