From the Newsroom
São Paulo – The Brazilian government reduced the minimum amount necessary for the authorisation of foreign investments in Brazil from US$ 200,000 to US$ 50,000. The decision was taken yesterday (06) at the National Immigration Council, organisation linked to the Ministry of Labour and Employment.
The aim, according to a spokesman for the ministry, is to attract foreigners who are interested in working with small businesses, and to stimulate the generation of employment opportunities. According to the council, even if the amount to be invested is less than US$ 50,000, the project may be approved, as long as the enterprise generates at least 10 jobs in a period of five years.
