Legal Guide for Foreign Investors in Brazil - Apex-Brasil

Legal Guide for Foreign Investors in Brazil
7.8.3.2. Operating While Insolvent or Financially Unsound
and Other Losses Caused by Intermediaries............... 68
7.8.4. Class Actions............................................................................... 68
7.8.5. Waiver of Rights......................................................................... 68
7.8.6. Procedural Requirements........................................................... 69
7.8.6.1. Jurisdiction..................................................................... 69
7.8.6.2. Venue.............................................................................. 69
7.8.6.3. Statute of Limitations................................................... 69
8. Tax System................................................................................................. 71
8.1. General Features................................................................................... 71
8.2. Federal Taxes......................................................................................... 72
8.2.1. Income Tax.................................................................................. 72
8.2.2. Tax on Industrialized Goods...................................................... 73
8.2.3. Tax on Credit and Exchange Transactions................................ 73
8.2.4. Tax on Large Fortunes................................................................ 73
8.3. State (and Federal District) Taxes....................................................... 74
8.4. Municipal Taxes.................................................................................... 74
8.5. Social Charges....................................................................................... 74
9. Anti-Trust Legislation............................................................................. 77
10. Brazilian Labor Law................................................................................ 81
11. Foreign Workers in Brazil....................................................................... 85
11.1. Short-term Business and Tourist Visas............................................. 85
11.2. Temporary Work Visas ...................................................................... 86
11.3. Other Temporary Visas...................................................................... 89
11.4. Permanent Employment Visa............................................................ 90
11.5. Registration Upon Entry Into Brazil................................................. 91
11.6. Travel in Advance of Permanent or Temporary Employment......... 92
11.7. Employment of Spouses/Offspring................................................... 92
12. Acquisition of Real Estate in Brazil ................................................... 93
12.1. Introduction....................................................................................... 93
12.2. Possession and Ownership................................................................. 94
12.3. Acquisition and Loss of Ownership ................................................. 95
12.3.1. General Provisions ................................................................. 95
12.3.2. General Considerations and Requirements Upon Purchase 96
12.3.3. Acquisition of Rural Land by Foreigners............................... 97
12.4. Taxation.............................................................................................. 98
12.5. Real Estate Investment Funds .......................................................... 98