Brazil’s Immigration Council has announced a series of changes in its norms. There will be new criteria governing the concession of visas for foreigners who come to Brazil to work as administrators, managers, directors or executives.
Investors will be required to link their activities with the creation of jobs. Contracts involving technology transfer may be refused if they result in Brazilian workers being displaced by foreign workers. Visas will be valid for only one year; extensions will be granted for an equal period if need is shown.
According to the president of the council, Nilton Freitas, “The new measures will protect Brazilian workers, eliminate tax fraud and put an end to the present situation where foreigners can work in Brazil for up to four years without paying any taxes.”
Another measure announced by the council will ease the requirements for investment activities by foreign companies.
Thus, the minimum amount a foreign corporation is required to invest in Brazil has been lowered from US$ 200,000 to US$ 50,000, allowing small firms to open branches in the country.
Companies that set up business in Brazil will have to create at least ten new jobs within two years after they begin operating.
According to a council spokesperson, these measures will mainly benefit the tourism and hotel sectors of the economy.
Agência Brasil
Translator: Allen Bennett