invest legalguide

Download Invest Legalguide

Post on 23-Aug-2014

72 views

Category:

Documents

3 download

Embed Size (px)

TRANSCRIPT

Livro.A

11/9/07

3:01 AM

Page 1

LEGAL GUIDE: BUSINESS IN BRAZILCoordinated by Durval de Noronha Goyos, Jr.

7th edition 2008

Livro.A

11/9/07

3:01 AM

Page 2

DADOS INTERNACIONAIS DE CATALOGAO NA PUBLICAO (CIP) (Cmara Brasileira do Livro, SP, Brasil) Legal guide : business in Brazil / coordinated by Durval de Noronha Goyos, Jr.. 7. ed. So Paulo : Observador Legal, 2008. Vrios autores ISBN 85-855481. Brasil Poltica Econmica Leis e legislao 2. Direito Econmico Brasil I. Goyos Jnior, Durval de Noronha. 07-9373 CDU-34:33(81)(094.56) ndices para catlogo sistemtico: I. Brasil : Leis comentadas : Direito Econmico 34:33(81)(094.56) 2. Leis : Direito Econmico : Comentrios : Brasil 34:33(81)(094.56)

Editorao eletrnica: B. D. Miranda. Assessoria grfica: Wilgraph, SP Brasil

ISBN 85-85548-18-5 LIBRARY OF CONGRESS CARD CATALOG NUMBER 2001-130275 Copyright 2003 by OBSERVADOR LEGAL EDITORA LTDA. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, and any information storage and retrieval system, without the express written permission of the publisher. Printed in the Federative Republic of Brazil.

OBSERVADOR LEGAL EDITORA LTDA. Rua Branco de Moraes, 80, cj. 05 04718-010 So Paulo SP Brazil Tel. (11) 5182-5502 Fac Simile (11) 5184-0097 www.observadorlegal.com.br

Livro.A

11/9/07

3:01 AM

Page 3

LEGAL GUIDE: BUSINESS IN BRAZIL

Coordinated by Durval de Noronha Goyos, Jr., member of the Brazilian and Portuguese Bars and solicitor of the Supreme Court of England and Wales, Senior Partner of Noronha Advogados.

Authors of this edition: Durval de Noronha Goyos, Jr. Eliana Maria J. Filippozzi Rogrio Damasceno Leal Alexandre Leite Ribeiro do Valle Juliana Bittar Archetti Maurcio Araquam de Souza Andrea Weiss Balassiano Adriano Boni de Souza Ana Paula Carvalho Karen Giudice Mirella da Costa Andreolla Manoela Kroeff Maral Ana Amlia Correia Contro Anelize Aguiar Jose Paulo L. Alves Pequeno Robert E. Williams Carolina Monteiro de Carvalho Eduardo Bratz Alexandre Laender Delgado Luis Guilherme Gonalves Maria Carolina Briza Negrini Carlos Eduardo Carneiro Saba MiriamTucci Marchiori Mariana Fanelli Cappellano Renata Kabbach Viana Elisa Jaques Thiago Santos Barroca Ana Carolina Rua Rodriguez Rochedo

Although every effort has been made to assure the accuracy of the information contained in this guide as of the date of publication, nothing herein should be construed as giving legal advice. Obviously, the law is subject to change, and it changes very often in Brazil. In addition, the application of the law to specific circumstances can present complex issues that are beyond the scope of this guide. This publication is intended to provide general legal information pertaining to investing or doing business in Brazil. NORONHA ADVOGADOS will be pleased to provide more detailed information on request.

Livro.A

11/9/07

3:01 AM

Page 4

NORONHA ADVOGADOSwww.noronhaadvogados.com.brRua Alexandre Dumas, 1630 04717-004, So Paulo SP Brasil Tel.: +55 11 5188-8090 Fax.: +55 11 5184-0097 noadsao@noronhaadvogados.com.br SHS - Quadra 6 - Bloco C Conj. 1807/1809 Edifcio Business Center Tower Brasil XXI 70322-915 - Braslia - DF - Brasil Tel./Fax: +55 61 3202 1877 noadbsb@noronhaadvogados.com.br Avenida Carlos Gomes, 111/302 90480-003, Porto Alegre - RS - Brasil Tel.: +55 51 3330 2700 / 51 3019 4300 Fax.: +55 51 3330 1600 noadpoa@noronhaadvogados.com.br 4th floor, 193/195 Brompton Road London SW3 1NE - England Tel.: +44 20 7581-5040 Fax.: +44 20 7581-8002 noadlon@noronhaadvogados.com.br Av. Eng Duarte Pacheco - Torre II 6 piso Suite 3 1070-102, Lisboa - Portugal Tel.: +351 21 381-5720 Fax.: +351 21 381-5721 noadlis@noronhaadvogados.com.br 450 Fushan Road 14th floor, Suite F 200122, Pudong - Shanghai - China Tel.: +86 21 6876-6311 Fax.: +86 21 6876-6312 noadsha@noronhaadvogados.com.br Services: International Business Transactions; Mergers and Acquisitions; Contracts; Corporations; Banking; Securities and Financial Law; Insurance Law; Administrative Law; Taxation; Social Security; Commercial Litigation; Labour; International Trade Law; Foreign Capital; Intellectual Property; Real Estate; Environment; Agrarian; Energy, Petroleum and Mining; Privatisation; Maritime and Aviation Law; Competition and Antitrust Law; Consumer Law; Electronic Commerce Law; Sports Law; Filming; Arbitration. Av. Rio Branco, 89 - Sala 201 20040-004 , Rio de Janeiro RJ Brasil Tel.: +55 21 2233-9322 Fax.: +55 21 2233-9407 noadrio@noronhaadvogados.com.br Av. Batel, 1230 - Batel Trade Center Bloco 2 - 5 andar - Conjunto 502 80420-090 - Curitiba - PR - Brasil Tel./Fax: +55 41 3343-2909 noadctb@noronhaadvogados.com.br Rua do Chacon 335 Casa Forte 52061- Recife - PE Brasil Tel / Fax.: 55 81 3441-9080 noadne@noronhaadvogados.com.br 1221 Brickell Avenue - 9th floor Miami, Florida 33131- USA Tel.: +1 305 372-0844 Fax.: +1 305 372-1792 noadmia@noronhaadvogados.com.br Carlos Pellegrini 1069, Piso 11 C1009ABU Buenos Aires - Argentina Tel.: +54 11 4328-6221 / 4328-6222 Fax.: +54 11 4328-2321 estudio@dedeuferrario.com

Livro.A

11/9/07

3:01 AM

Page 5

INDEX

LEGAL GUIDE: BUSINESS IN BRAZIL

I. II. III. IV. V. VI. VII.

Introduction to the First Edition . . . . . . . . . . . . . . . . . . . . . . . . . . . . Introduction to the Second Edition . . . . . . . . . . . . . . . . . . . . . . . . . . Introduction to the Third Edition . . . . . . . . . . . . . . . . . . . . . . . . . . . Introduction to the Fourth Edition . . . . . . . . . . . . . . . . . . . . . . . . . . . Introduction to the Fifth Edition . . . . . . . . . . . . . . . . . . . . . . . . . . . . Introduction to the Sixth Edition . . . . . . . . . . . . . . . . . . . . . . . . . . . . Introduction to the Seventh Edition . . . . . . . . . . . . . . . . . . . . . . . . . .

13 15 17 19 21 23 25 27 29 29 30 31 33 35 37 38 43 43 43 53 57 58 59

BASIC INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. FORMS OF FOREIGN INVESTMENT . . . . . . . . . . . . . . . . . . . 1.1. General Features . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.2. The Central Bank of Brazil and the Foreign Capital . . . . . . . 1.3. Foreign Direct Investment . . . . . . . . . . . . . . . . . . . . . . . . . . 1.4. Stock and Securities Market . . . . . . . . . . . . . . . . . . . . . . . . . 1.5. Foreign Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.6. Contaminated Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.7. Foreign Capital Restrictions . . . . . . . . . . . . . . . . . . . . . . . . . FORMS OF ASSOCIATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.1. Types of Companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.2. The Sociedade Annima - S.A. . . . . . . . . . . . . . . . . . . . . . 2.3. The Sociedade Limitada LTDA. . . . . . . . . . . . . . . . . . . . 2.4. Rules Common to the S.A. and the LTDA . . . . . . . . . . . . . . 2.5. Incorporation Procedures . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.6. Additional Considerations . . . . . . . . . . . . . . . . . . . . . . . . . . .

2.

Livro.A

11/9/07

3:01 AM

Page 6

3.

` 4.

TAXATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.1. The Brazilian Tax System . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.2. Taxation of Individuals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.3. Taxation of Legal Entities . . . . . . . . . . . . . . . . . . . . . . . . . . 3.4. Double Taxation Treaties Entered Into by Brazil . . . . . . . . . . 3.5. Transfer Pricing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INTELLECTUAL PROPERTY . . . . . . . . . . . . . . . . . . . . . . . . . . 4.1 Patents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.2. Trademarks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.3. Microchip Designs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.4. Technology Supply and Technical and Scientific Assistance Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.5. Franchising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.6. Copyright . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.7. Software . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

61 61 61 67 81 81 85 86 86 87 88 89 90 90

5.

INTERNATIONAL TREATIES . . . . . . . . . . . . . . . . . . . . . . . . . . 91 5.1. Preamble . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 91 5.2. United Nations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 91 5.3. Bretton Woods Agreements . . . . . . . . . . . . . . . . . . . . . . . . . . 92 5.4. WTO/GATT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92 5.5. ALADI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98 5.6. MERCOSUL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 ENVIRONMENTAL LAW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.1. Sustainable Development and Investment - A New Market with an Increasing Demand XX . . . . . . . . . . . . . . . . . 6.2. Brazilian Environmental Law . . . . . . . . . . . . . . . . . . . . . . . . 6.3. Public Environmental Agencies . . . . . . . . . . . . . . . . . . . . . . . 6.4. The Environmental Impact Study and Environmental License . . . . .