Brazil

Brazil

Restricts the sale of farm land for foreign investors

01 Jan 2010

The Brazilian Government approved a rule proposed by the federal Government attorney that restricts the sale of farm land to foreign investors. Under the rule, a foreign investor or even a local company, with more than a 50 percent stake controlled by foreign investors, will face restrictions to acquire land. The restrictions will be decided case by case and depend on the region of the acquisition.

Type:
  • Entry and establishment (Access to land)
Industry:
  • Primary (Agriculture, forestry and fishing)
Inward FDI:
No
Outward FDI:
No
Sources:
  • Official Gazette, New interpretation of Law No. 5.709/71, 23 Aug 2010