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20.4. Permanent Visa for the Foreign Investor – IndividualThe permanent visa will be granted to foreign individuals who wish to settle in Brazil by investing theirown resources, of foreign origin, in productive activities. In this case, the investor should work as apartner of the Brazilian company, being also authorized (after obtaining the visa) to occupy theposition of administrator of that same company.The requirements for obtaining this type of visa are:(i) Evidence of foreign direct investment (in currency, foreign), in the minimum amount equivalent toR$ 150,000 (equivalent to US$ 90,91 thousand American Dollars), through the presentation of a copyof the Consolidated Foreign Direct Investment Statement, obtained directly at SISBACEN (CentralBank Information System), and the respective contractual or bylaw amendment registered with thecompetent body, in order to evidence the payment of the investment in the Brazilian recipientcompany of the investment;(ii) Submission of the investment plan that attests the social interest.The permanent visa may be granted for the period of 3 years, which is renewable, and its granting willbe conditional on:(i)in Brazil;(ii)(iii)(iv)The verification of the social interest in accordance with the number of jobs generatedThe amount invested and the region of the country where it will be applied;The economic sector where the investment will occur; andContribution to the increase of productivity.The renewal of a permanent visa for the Foreign Investor – Individual will be subject to evidence of thefulfillment of the Investment Plan submitted.21. ARBITRATIONSince the effective date of Law 9,307/96 and declaration of its constitutionality by the Supreme Courtof Brazil (Supremo Tribunal Federal – STF) in 2001, and the ratification of the New York Convention in2002, foreign investors have been able to safely use arbitration to resolve their disputes. Arbitrationoffers the possibility of the resolution of disputes by experts, in a confidential manner, with greatercelerity, within a more flexible procedure and in a more cordial atmosphere, and also overcomeslanguage barriers and misgivings about the partiality of the state courts.108