Doing Business in Latin America and The Caribbean: Brazil

With more than 196 million inhabitants and over 8.5 million square kilometers, Brazil is the largest country and economy in Latin America (its GNP in 2011 was roughly USD2.07 trillion). It is a federative republic, consisting of the union of states, municipalities and the federal district. Moreover, the 1988 Federal Constitution provides for a presidential type of government with three independent branches: the Executive, the Legislature and the Judicial.

Brazil follows a codified system of law. The Federal Constitution heads its legal system and provides for the fundamental rights of the citizen, sets out Brazil’s political and administrative organization, defines the roles of the above-mentioned branches and legislates on tax, socio-economic and economic policies, civil and commercial law, employment relations and criminal law.

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Topics:  Brazil, Business Development, International Labor Laws, International Tax Issues

Published In: General Business Updates, Finance & Banking Updates, International Trade Updates, Labor & Employment Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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