Articles - 23/12/20
Acquisition of Lands by Foreigners in Brazil
- The acquisition by sovereign funds comprised by resources from foreign states and foreign companies which hold more than 10% (ten percent), directly or indirectly, of any Brazilian company will also be subject to the approval of the National Defense Council and must maintain a legal reserve equal to more than 80% of its territory;
- Any type of possession under indefinite term is prohibited, as well as partial or total lease or sublease, for an indefinite term, of rural property by a foreign individual or legal entity
- Rural properties acquired or by any means owned by a foreign individual or legal entity shall comply with the provisions of art. 186 of the Federal Constitution, which details the social purpose of the property;
- The acquisition by foreigners of properties located in areas that are essential to Brazilian national security depends on prior consent from the National Defense Council.
Photograph: https://matopibaagro.com.br/2020/12/16/aprovado-projeto-que-regulamenta-a-aquisicao-de-terras-por-estrangeiros/