IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 09 Dec 2011 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

On December 6, 2011, the Brazilian National Land Reform and Settlement Institute (INCRA) issued Instruçăo Normativa nr. 70, further limiting foreign ownership of agricultural land (going beyond an earlier initiative, see this measure.) The area purchased or leased by foreign natural or legal persons, or Bazilian legal persons deemed equivalent to foreigners, can no longer exceed 25 per cent of the total area of agricultural land in any municipality. In addition, no more than 10 per cent of the area of agricultural land of a municipality can be sold or leased to persons of the same nationality. Finally, Congressional approval is required for acquisition or lease of large areas.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

Please report this page in case you detect an inaccuracy in its content.