There is no significant popular prejudice against foreign companies, and indeed multinationals are generally seen as demanding but rewarding employers, offering the best salaries, conditions and prospects for the most highly-qualified staff. The government has worked closely for some years now with a small group of leading international companies to identify and remove barriers to foreign direct investment. Key regulations for FDI Capital transfers Incoming capital should be registered with the Central Bank. Registered capital receives a Central Bank certificate, in the currency of entry Capital may be brought in as cash or non-cash, e.g. technology, brands or patents. Cash capital must enter Brazil via a bank remittance- not check or hard cash.
Repatriation is free at any time, up to the registered amount.
Companies involved in certain energy-sector activities are allowed to hold foreign currency accounts inside Brazil. There is no limit on remittance of properly accounted profits. There is no specific remittance tax. Profits are liable to normal company taxation in Brazil. Transfer pricing regulations New law took effect January 1, 1997.