Doing Business in Brazil
[Excerpt] Imports into Brazil are subject to government controls from at least three sources: the Secretary of Foreign Trade (SECEX), which supervises registration and licensing, the Central Bank of Brazil, which approves the payments for financed imports, and the IRS, which supervises valuation for customs purposes. According to the new import regulations there are two kinds of importation: “automatically licensed importation” and “non-automatically licensed importation.” In principle, goods submitted to the “automatically licensed importation” do not need any authorization from Brazilian authorities prior to their shipment to Brazil and clearance through customs.
Brazil; foregn investment; trade; commerce; business; law; imports
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