BRAZIL: New Brazilian law promotes the freedom to contract on licensing and franchising and reduces government interference on royalty remittance overseas: what a foreign businessmen should know about it?
The general understanding about the proposed changes is positive, since modernize and make more flexible the current applicable foreign exchange laws that deal with the local parties’ ability to make payments abroad, including royalties, and their ability to purchase hard currencies for complying with international financial commitments from business transactions. Among the changes, compensation of […]