São Paulo – São Paulo-based law firm Velloza, Girotto and Lindenbojm is going to represent the Dubai-based Foreign Investment Office (FIO) in Brazil. The FIO, which belongs to the Dubai Department of Economic Development, has signed a contract with the Brazilian firm. The lawyers will provide legal assistance to Arab enterprises interested in investing in Brazil.
"We are going to be a reference in legal advisory to Arab investors," said partner Cesar Amendolara, who specializes in Partnership Rights and Mergers and Acquisitions. According to him, the same holds true of Brazilian investors in need of legal advisory to invest in the Emirates.
Amendolara travelled to the United Arab Emirates and Qatar this year, where he sensed a keen interest from the Arabs in investing in Brazil, especially in sectors such as agribusiness, energy, sugar and ethanol. According to him, the firm has vast experience in advising foreign groups in Brazil, and one of the problems faced by investors is understanding the Brazilian tax burden and the financial market regulation.
The Brazilian fiscal issue is often hard for Arab investors to understand, as the tax burden is very high, whereas in the United Arab Emirates there are virtually no taxes. "I believe that it is an obstacle that will be conquered," said Amendolara.
According to the CEO of the Foreign Investment Agency in Dubai, Fahad Al Gergawi, Brazil and South America are very important markets to the emirate. In a release disclosed by the Brazilian firm, the CEO claimed that the contract with Velloza, Girotto and Lindenbojm even further strengthens the Dubai government’s commitment to encourage investment and trade opportunities.
17 years
The Velloza, Girotto and Lindenbojm law firm has been active in different fields of Law for 17 years. Headquartered in São Paulo with branches in Brasília and Rio de Janeiro, it offers specialized legal advisory in partnership rights, taxes, Brazilian investment abroad, foreign investment in Brazil, financial and capital markets, intellectual and industrial property, consumption relations, insurance, mergers and acquisitions, and investment funds.
*Translated by Gabriel Pomerancblum
