New rules benefit financing for Brazilian companies controlled by foreigners
- Azevedo Sette Advogados
Presidential Decree promotes the expansion of the list of activities related to public credit for companies controlled by foreigners.
Decree #8,957 / 2017, amending Decree #2,233 / 1997, promotes changes in the list of economic activities of high national interest, excluded from the restrictions set forth in art. 39 of Law No. 4,131/1962. It creates the possibility for more foreign capital companies in Brazil to have access to public credit and financing from public banks. It includes activities such as education, energy efficiency, tourism, commerce, among others.