Page 41 - AgriBrasilis 1st edition.pdf

AgriBrasilis March 2020 41
A c quisition of rur al pr operties
Acquisition of rural properties

in Brazil by foreign investors
in Br azil b y for eign in v est ors

Article by Camila Machado de Assunção, lawyer at Andrade, Foz, Hypolito e Médicis Advogados

The acquisition of rural that the area be destined
properties by foreign investors for agricultural, livestock,
is a controversial matter industrial or colonization
in Brazil. However, such projects, the necessity of
controversy may be close to approval by the National
an end, possibly opening a Institute for Agrarian Reform
new(business) market in the (INCRA), the prohibition
country. The new Bill of Law n. that rural lands belonging to
2963 of 2019 (“Bill 2963/19”), foreigners exceed ¼ of the area
which is currently pending of the relevant city, besides the
approval by the Federal Senate, prohibition that foreigners of
intends to regulate the matter, the same nationality hold more
with important innovations. than ten percent of the city,
In general terms, foreign among others.
individuals and companies are The major debate
currently subject to a series of regarding the matter relates
restrictions to acquire rural to the applicability of such
lands, such as the necessity restrictions to Brazilian

Camila Machado de Assunção,Master of Laws by Columbia, University and post-graduated
by Fundação Getúlio Vargas (FGV/SP). Lawyer at Andrade, Foz, Hypolito e Médicis Advogados.
Camila Machado de Assunção, 哥伦比亚大学法律学士，Fundação Getúlio Vargas (FGV/SP）大学硕士，
Andrade, Foz, Hypolito e Médicis Advogados律师事务所律师