ANNOUNCEMENT 02 Mar 2016

The Brazilian Government increased foreign ownership limit on airlines and eliminated some local labor requirements.

NUMBER OF INTERVENTIONS

2

  • 0 harmful
  • 0 neutral
  • 2 liberalising

SOURCE

Official Gazette of Brazil. Diário Oficial da União. Medida Provisória Nº 714 de 1º de Março de 2016. Available at: http://pesquisa.in.gov.br/imprensa/jsp/visualiza/index.jsp?data=02/03/2016&jornal=1&pagina=1&totalArquivos=92

Inception date: 02 Mar 2016 | Removal date: 26 Jul 2016
Still in force

FDI: Entry and ownership rule

On March 1, 2016, the Brazilian Government issued Provisional Measure 714 increasing the foreign ownership cap in domestic airlines from 20% to 49%. 

 

 

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A
Inception date: 01 Mar 2016 | Removal date: 26 Jul 2016
Still in force

Local labour

Provisional Measure 714, issued by the Brazilian Government on March 1, 2016, also eliminated the requirement that directors of airlines must be exclusively Brazilian nationals.

 
 
N/A