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. Basic concept is to establish maximum import prices and minimum export prices, to prevent concealed remittances. There is no specified order of preference for the various methods. The company can choose. The 1995 amendments to the 1998 Constitution removes all basic distinction between capital of Brazilian and foreign origin, although the Constitution still retains a few specific limitations on foreign investment.