United States Department of State

Brazil United States Department of State

Brazil is open to and encourages foreign direct investment (FDI). According to the United Nations Conference on Trade and Development (UNCTAD), Brazil was the fifth largest destination for global FDI flows in 2014. New FDI into Brazil reached approximately USD 64 billion in 2013, and Brazil typically receives close to half of South America's total incoming FDI. The Government of Brazil (GOB) has made attracting private investment in infrastructure a top priority for 2015. The United States is a major foreign investor in Brazil; according to the Brazilian Central Bank (BCB), the United States had the highest stock of FDI in Brazil as of 2013. While Brazil is generally considered a desirable market for investment given its large economy and growing middle class, complex tax, local content, and regulatory requirements exist. In most cases, these impediments apply without discrimination to both foreign and domestic firms. The GOB generally makes no distinction between foreign and national capital in cases of direct investment.