BM&FBOVESPA - The New Exchange

How to invest

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.

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

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