How to invest
International Investors (institutions and individuals) are allowed to hold any asset class available to domestic investors in Brazil.
According to the CMN (Brazilian Monetary Council) Resolution 2689, since international investors are not established or resident in the country, it is necessary to hire an institution to act as:
- Legal Representative Responsible to present all the registration information of the investor to the Brazilian Authorities. When the representative is an individual or a non-financial corporation, the investor must indicate a financial institution duly authorized by the Central Bank that will be jointly and severally responsible for the representative's obligation.
- Fiscal Representative Responsible for taxes and fiscal issues on behalf of the investor before the Brazilian Authorities.
- Custodian Responsible to hold updated reports and control all the assets of the international investor in segregated accounts, and provide this information anytime it is required, to the Authorities and to the investor.
Actually, several financial institutions are authorized by the CVM and Central Bank to perform the custodian activities and can also act as investor's legal and fiscal representatives.
The financial assets and securities traded as well as other forms of financial applications must be registered, held in custody or maintained in deposit accounts at an appropriated authorized institution authorized by the CVM or Central Bank.
Contracts not authorized for trading by investors resident in the U.S.
- European-Style Call Option on Ibovespa Futures Contract
- European-Style Put Options on Ibovespa Futures Contract
- Ibovespa Volatility (VOI)
- Brazil Index-50 Futures Contract
Membership of BM&FBOVESPA is available only to persons in Brazil. Connectivity to BM&FBOVESPA is available in the United Kingdom only to persons that are either authorised persons or exempt persons (in each case as defined in the Financial Services and Markets Act 2000).
This information is for distribution only to persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Financial Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc”) of the Financial Promotion Order, (iii) are outside the United Kingdom, or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the exchange and clearing services provided by BM&FBOVESPA may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). This information is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this relates is available only to relevant persons and will be engaged in only with relevant persons.
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