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FOREIGN INVESTOR

The incentive policy and investors' foreign calling comes standing out, notedly, in the current federal administration. That incentive was demonstrated with the capital reduction that formerly estimated in U$ 200.000,00 (two hundred thousand American dollars) for the current U$ 50.000,00 (fifty thousand American dollars).

Since year of 2002, the federal government comes signing Agreements in the economic and commercial area with several countries, especially, Portugal, China, countries of the African continent and also with those of the Southern Common Market (Mercosul). Referred Agreements aim facilitate the legal entrance of external investment that comes to enable the new companies opening or to reinforce other already existing and, for consequence way, the Brazilian workmanship capitation increase with a clear reflex of economic-social character.

The Consultancy Vox Sensu owns between his specialties the assistance to foreign investors, individual or juridical, that intend to invest their capital in Brazilian territory in character unipessoal or partner, whose enterprises characterize as of social relevance. For so much is of vanishes importance the foreigner or the Foreign Company to own previous orientation of procedures for the full success of the investment.

First, the foreigner, Foreign Company or Foreign Economic Conglomerate, interested in invest in Brazil and here remain to manage and to accompany the evolution of your patrimony should associate itself to a Brazilian or foreign registered in the permanent wave condition in Brazil, constitute a company or associate itself the other already existing. The Foreign Company to that were associated to a Brazilian Company will be able to send representatives in the directors' quality to compose the administration and accompany the investment evolution in the proportion of her quotas.

The Brazilian partner or foreign permanent wave will be able to represent in the social contract jointly with the foreign investor with quotas in the proportion of 50% or in percentile how better if adapt to your real interests.

The (a) partner (a) individual or juridical foreigner should represent in the shareholder condition being hampered her participation in any of the legal modalities of administration in the constituted company. Such prerogative is exclusive of the minority partner (Brazilian or foreign permanent wave).

Elaborated the social contract and properly registered in Estado de Santa Catarina's Board of trade or in other Estado of the Federation, once obtained CNPJ, the foreigner (Company), will be already authorized of a minimum to become the manager of his enterprise. The next step will be to return to the origin country and to effect the minimum shipment of the capital to be invested in the company (U$ 50.000,00 - fifty thousand dollars). Referred shipment should be through an exchange rate wallet bank possessor or through Brazil's Own Bank abroad and destined to the Company "X" with integralização and consolidation purpose of external investment (IED) in the investor's condition individual or juridical.

After effected the capital shipment, the foreigner will be able to return to Brazil and to present the exchange rate contract to the Brazilian partner, that then, will provide the legal procedures and the due record close to Brazil's Central bank (SISBACEN) for ends of proof before the National Board of Immigration, aiming at the obtainment of the permanent visa in the quality of investor. The investor will be able to send representatives in the directors' quality to compose the administration in the society case of Foreign Company with Brazilian Company.

Other very important information is the foreigner have knowledge that the remitted amount in the quality of investment contemplates such only to that investor and your legal dependents. Other investors, although figurants in the social contract should procede in the same way that the first, in other words, effecting the shipment of at least U$ 50.000,00.

Properly registered the exchange rate contract close to Brazil's Central bank the next providence is to procede the 1st Contractual Alteration with for integralização of the sent capital and the new distribution of relative quotas to the increase of the social capital everything properly registered before the Board of trade.

Done that, the foreigner or Foreign Company will practically be apt to run for obtainment of the permanent visa in Brazil and thus be authorized to manage your patrimony proceding to the contractual alterations how better effect cause. In case it are a the transaction partner, as already told, the foreign company will be able to send their representatives (Directors) to work on the enterprise second prayer administration and logistics the object in the Social Contract. To the representatives (Directors) correspondents by the foreign company will be able to be conceded seen permanent wave, guaranteing thus right inherent civilians to the Brazilians.

We insist on propagating our specialization that initiates in the consulting the company constitution, through the competent social contract, until for propositura of the seen<span lang="EN-US" style="FONT-SIZE: 11pt; COLOR: navy; FONT-FAMILY: Arial; mso-ansi-language: EN-

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