“This joint Brazil-Israel R&D cooperation allows both countries to leverage their research and technology strengths to address some important global challenges,” said Michel Hivert, managing director of MATIMOP.

“As our relationship with Brazil strengthens, we are confident that this will create new opportunities for industry, producing measurable benefits on both sides,” said Mr. Israel Shamay, Executive Director of Strategic Operations and Head of Americas Operations at MATIMOP.

During a visit to Israel this past May, Mr. Nelson Fujimoto, Secretary of Innovation of the Brazilian Ministry of Development, Industry and Foreign Trade, announced plans for the launch and remarked on the strong ties between Israel and Brazil. “We consider this country as a strategic partner,” said Mr. Fujimoto. “Israel is a very small country but is very strong in its innovation system.”

The collaboration between Israel and Brazil is the result of a Memorandum of Understanding signed on February 27, 2007, to support joint industrial research and development (R&D) between their private sectors, aimed at the development of new products and processes for commercialization in the domestic and/or global markets. This program sets a parallel scheme through which each government has pledged to provide support to its companies for engaging in such collaborative R&D in projects that will be mutually approved by both sides.

For more information about partner-matching opportunities and the call for proposals, which will be open from next week till April 2013, please contact Ms. Ilana Gross (ilana@matimop.org.il) or visit the program webpage.

FOR MORE INFORMATION:

Israel Office
Ms. Ilana Gross
Manager – Industrial R&D Cooperation Programs
Latin America Desk
Tel:  (+972 3) 5118184
Fax: (+972 3) 5177655
Email:ilana@matimop.org.il

Brazil Office
Igor Manhaes Nazareth
Public Manager, Secretariat of Innovation
MDIC – Ministry of Development, Industry, and Foreign Trade
Tel:  +55 (61) 2027-7586
Email:igor.nazareth@mdic.gov.br
Web:www.mdic.gov.br

Mr. Marcos Vinicius de Souza
Secretariat for Innovation
Director
MDIC – Ministry of Development, Industry, and Foreign Trade
www.mdic.gov.br
Tel:  +55 (61) 2027 – 8285
Fax: +55 (61) 2027 – 7286
Email:marcos.souza@mdic.gov.br

http://www.matimop.org.il/brazil_news_nov2012.html

We are proud to announce that our Board of Directors appointed Mr. Shlomo Lempert (47), as the Executive Director of ISBRACAM.

Mr. Lempert was for 11 years Director of Human Resources, Organization Development, Administration and Corporate Affairs at Pfizer Pharmaceuticals branch in Israel.

Brazilian born, Mr. Lempert got academic education in Israel – B.Sc. Social Science and Labor Studies (Faculty of Social Science), and M.Sc. Organizational Behavior (Faculty of Business Management), both at Tel Aviv University, complemented by Senior Leadership Development at Harward Business School (USA) and INSEAD Business School (Fontainebleau, France).

We wish Mr. Lempert great success in this new position.

OTHER ACTIVITIES

By invitation of the Ministry of Foreign Affairs, ISBRACAM President and Vice-President met with the next Israeli Ambassador to Brazil, Mr. Rafael Eldad, and Mr. Alon Lavi, South America Department, for an acquaintance meeting. Major topics covered were the intensification of economic and technological ties between the two countries and the ongoing contribution of our Chamber to this effort. ISBRACAM officers stressed readiness for continuation of the cooperation at all levels.

At a further request of the Ministry of Foreign Affairs, ISBRACAM Directors met with an invited group of Brazilian Political Correspondents: Rene Castelo Branco (TV Globo), Claudio Dantes Sequeira (Isto é), João Mauro Uchoa (A Tarde), Leo Gerchman (Zero Hora), Patricia Mello (Folha de São Paulo), Roberto Simpson (Estado de São Paulo) and Carlos de Lannoy (TV Globo in Israel). The meeting covered several aspects of Israeli economy, hi-tech development, and bi-lateral trade.

• Is the world’s largest exporter of beef and of chicken, and the forth largest exporter of pork.

• Is the world’s second largest exporter of soy products (beans, meal and oil).

• Is the world’s largest exporter of sugar, and orange juice.

• Is the world’s fifth largest market, and sixth largest producer of motor vehicles.

• Is the world’s largest exporter and second largest producer of ethanol.

• Is the world’s second largest producer of iron and third largest of bauxite.

• Is the world leader in the production of eucalyptus pulp.

• Is the world’s eighth largest consumer market.

• Is the world’s third largest consumer market for cosmetics.

• Has the world’s fourth largest portfolio of chartered oil tankers.

• Has a land area of 8.5 million square kilometers.

• Has a population of 170 million and an economically active population of 90 million.

• Has an annual population growth of 2.5 million.

• Is the gateway to MERCOSUR.

• Shares borders with ten countries: Argentina, Bolivia, Colombia, French Guyana, Guyana, Paraguay, Peru, Suriname, Uruguay and Venezuela.

• Stands in fifth place on the ranking of the world’s largest economies, since December 2009, according to the World Bank.

• Accounts for half of the economy of South America.

• Has the most diversified industrial base in Latin America and the Caribbean.

• Is the world’s foremost producer of regional jets and fourth largest producer of commercial airliners.

• Is the world’s largest producer of coffee and oranges.

• Is, alongside India, a major producer of sugarcane.

• Has the largest forestry products industry in Latin America.

• Is one of the world’s largest producers and exporters of raw and processed minerals.

• Has vast deposits of manganese, tin, and gold.

• Is one of the world’s major producers of biofuels.

• Stands seventeenth in the world ranking of oil reserves, and eleventh on the ranking of the largest oil producers.

• Has an extensive coastline with many ports.

• Is one of the world’s largest food producers.

• Has the world’s largest commercial cattle herd, with over 198 million head of beef cattle.

• Is the world’s second largest producer of organic foods.

• Is the world’s third largest producer of fruit.

• Is the third largest producer of genetically modified foods.

• Has one of the world’s most modern telecommunications systems.

• Has the most modern and advanced banking system in the world.

• Is an increasingly important producer of consumer durables, that are a major source of export earnings.

• Has a modern and competitive textile industry, accounting for 4.9% of total Brazilian industrial GDP.

• Has vast areas available for agricultural expansion, and the world’s largest expanses of agricultural land.

• Offers excellent tourism infrastructure.

• Receives over 5 million foreign tourists each year.

• Is the world’s third largest producer of footwear, and has a highly competitive leather industry.

• Is the world’s third largest producer of carbonated beverages.

• Has the world’s fifth largest rubber industry, and is the second largest market for retreaded tires.

• Has the world’s seventh largest chemical industry.

• Is the world’s eighth largest producer of steel (27 million tonnes per year).

• Has the world’s tenth largest pulp and paper industry.

• Is peaceful and multiracial.

• Respects immigrants and their creeds.

• Sustains a democratic regime.

• Sustains stable public institutions, as the Chamber of Deputies, the Federal Senate and the courts of law.

• Is free of conflicts, defends international law and promotes peace and progress among nations.

Source: Ministry of External Relations. http://www.ibge.gov.br

P.O. Box 20425 Tel-Aviv 61203 ISRAEL

http://www.israel-brazil.org/en

Tel: (+) 972-3-6296048

# 54 – MAY 2011

Dear Colleagues and Friends

We have been very busy the last months in upgrading our services and promoting membership. Here are the latest news:

* We have moved into our new head office, located at the 4th floor, Industry House, 29, Hamered St. , Tel Aviv.

In this same building are the Israeli Institute for Export and International Cooperation, the Manufacturers Association, several Departments of the Israeli Ministry of Industry, Trade and Labor, including the Office of the Chief Scientist, MATIMOP and others.

The site is also nearby the Brazilian Embassy.

The proximity to these places allows intensifying our cooperation with these institutions.

Our officers will maintain a permanence during standard business hours, for providing of our services to best attend our associates and people looking for the promotion of their business interests with Brazil.

Opening ceremony:starting from left: Prof. Yehuda Kahane, Monica Blanga, Thomas Teichman, Adv. Eli Chenchinski, Henrique Kuchnir, Noam Schneider, Dr. Shmuel Yerushalmi

========================================================

* On March 21, we conducted a Seminar on “The way to success in business in Brazil – legal, regulatory and practical aspects”, in cooperation with the Association of Chambers of Commerce, the Ministry of Foreign Affairs, the Israeli Institute for Export and International Cooperation an the Brazilian Embassy in Israel.

The Seminar was attended by over 75 participants, way above of expected, and started with opening remarks by Mr. Rubin Schlussel, Member of the Presidium and Chairman of Food Sector at the Federation of Chambers of Commerce, and by Mr. Rafael Harpaz, Director of Economy 1 Department, Ministry of Foreign Affairs.

Her Excellency, Maria Elisa Berenguer, Brazilian Ambassador, honored the event with her presence, and greeted the participants by stressing the ongoing and growing bi-lateral trade, and cooperation between the two countries.

Mr. Izzy Sheratski, Chairman of Ituran, described the company’s successful experience in Brazil.

Prof. Yehuda Kahane, Head of the Akirov Institute of Business and Environment, Tel Aviv University, and co-founder of Ituran, lectured on “Environmental Threats as an Instrument for Economic Growth” .

Dr. Shmuel Yerushalmi, Chairman of the Israel-Brazil Chamber of Commerce and Industry lectured on “Brazil as an Attractive Target for Bi-lateral Businesses”.

Keynote Speaker was Adv. Benny Spiewak, from Brazilian firm Koury Lopes Advocates , who lectured on “Succeeding in the Thriving Brazilian Market – a Legal, Regulatory Perspective”.

The Seminar raised a growing level of interest in our Chamber activities, resulting in several requests for Memberships.

From right: Mr. Izzy Sheratski, Ambassador Berenguer, Dr. Yerushalmi

Participants of the Seminar

=====================================================

* Among our new associates is the company ISDS.

ISDS Ltd., International Security and Defence Systems Ltd., an established Security and Defence firm in Israel, has currently announced the opening of ISDS Israel HOUSE in RIO de Janeiro, Brazil.

ISDS Israel inaugurated the ISRAEL ISDS HOUSE , home to the firm’s Brazilian headquarters. The ISDS RIO House is located in one of the most beautiful areas in Rio de Janeiro, the beautiful Leblon area. ISDS Israel Rio House doors are already opened to all our brothers, friends, and colleagues, in order to provide our partners access to the most advanced and up-to-date technologies in the areas of HLS, defence and security. We are looking forward to share our 30-years’ experience with our Brazilian brothers.

ISDS was founded in 1982 by Mr. Leo Gleser, in Israel. The firm was quickly recognized as one of the best security solutions providers in the world. Presently, ISDS security operations cover 5 continents. In its more than three decades of activity, ISDS participated in all areas of security projects: ISDS secured the largest Mega Sport Events, like the Olympic Games and the World Cup, International Expos, and large Music Events. Additionally, ISDS provides integrated solutions to secure critical infrastructures in areas of oil, gas, mining, transportation, airports-TSA, seaports – IMO, communication, water supply and electric energy, among others. Our unique solutions include National and International Law Enforcement activities such as the UN Forces in the Middle East. ISDS is a security consultant and intelligence provider to some of the most famous Counter-Terror Units, Intelligence Agencies, Defense and Police Forces, as well as private organizations.

ISDS Israel-Rio house is NEW, but ISDS has long been in Brazil and has notable success stories in security projects in this great country. Our Brazilians clients include Energy Plants like ITAIPU, (Substations, HEIGHT LINES of 400 KWG), PETROBRAS Brazil, satellite companies, and the ANP (Agencia Nacional de Petroleo); ISDS has been involved in training the Elite units of Federal and State Forces, participated in the Pan-American games in Rio de Janeiro 2007, and was involved in the UAV program of the federal police. These are just a fraction of our professional activities performed side by side with Brazilians professionals.

ISDS believes that Brazil is and will continue to be a strong nation, in the road to becoming a global Superpower. We, the Israelis, are very proud to serve, work together, and be a part of a brotherhood between Israel and Brazil. Together, we will continue to create a long and significant relationship.

ISDS Founder and President, Mr. Leo Gleser at LADA Exhibition, Rio de Janeiro

ISRAEL BRAZIL CHAMBER OF COMMERCE AND INDUSTRY

Honorary President : Tzvi Chazan

Honorary Fellows: Prof. Yehuda Kahane

Adv. Eli Chenchinski

Past President : Tulio Epel z”l

Chairman: Dr. Shmuel Yerushalmi

Deputy Chairman: Henrique Kuchnir

Directors: Herman Richter, Ahim Kandler, Thomas Teichman, Adv. Amos Harif

Treasurer: Ms. Monica Blanga, CPA

Editorial Committee: Idan Harpaz , Ahim Kandler, Saul Slomovic, Dr. Shmuel

Yerushalmi, Markin Tuder, Monica Blanga, Henrique Kuchnir,

Thomas Teichman, Tomer Koren

Technology Committee: Ahim Kandler, Dr. Shmuel Yerushalmi

Business Development: Noam Schneider

Auditing Committee: Baruch Harpaz, Idan Harpaz

Legal Advisor: Adv. Eli Chenchinski

Financial Auditor: Michael Peleg, CPA

According to anti-spam regulations in force in Israel, we shall continue sending our bulletin ONLY to those who wish to receive it.Therefore, we ask your cooperation in informing us whether you want your name to be deleted from our mailing list.If this is the case, please send an e-mail to contact@isbracam.com , with the word UNSUBSCRIBE in the subject line. We shall honor your request.

Israel – Brazil

P.O. Box 20425 Tel-Aviv 61203 ISRAEL

http://www.israel-brazil.org/en

E-mail: contact@israel-brazil.org

Tel: (*) 972-3-6296048

# 52 – MARCH 2010

BRAZILIAN PRESIDENT ANNOUNCES ACTIVATION OF MERCOSUL FREE TRADE AGREEMENT BETWEEN BRAZIL AND ISRAEL

Brazilian President, H.E. Luiz Inácio Lula da Silva announced that he signed the final approval for the Free Trade Agreement (FTA) between Brazil and Israel, and on April 04 the Agreement will become active. This announcement was made before Israel President H.E. Shimon Peres, when both addressed over 300 participants in the Seminar “Brazil-Israel: Free Trade and New Business Opportunities”. This FTA was the first ever signed between the Mercosul block and a country outside South America.

The Seminar, whose Master of Ceremonies was Dr. Shmuel Yerushalmi, Chairman of the Israel-Brazil Chamber of Commerce and Industry (ISBRACAM), took place on March 15 at the King David Hotel, Jerusalem, on the occasion of President Lula’s official visit to Israel. The Opening Session consisted of greetings by Minister of Development, Industry and International Trade of Brazil, H.E. Miguel Jorge, Minister Norton de Andrade Mello Rapesta, Head of Trade & Investment Promotion, Ministry of External Relations of Brazil, Ambassador Ms. Irit Ben Abba, Deputy Director-General for Economic Affairs, Ministry of Foreign Affairs of Israel, and the Minister of Industry, Trade and Labor of Israel, H.E. Binyamin Ben-Eliezer.

The Seminar featured lectures on Economic Panorama of Brazil and Israel, Free Trade Benefits and Opportunities, panels on Energy/Biofuels, Infrastructure/Services, and Telecom, followed by 3 business networking sessions: Home Land Security/Aerospace, Communication and Healthcare, and Infrastructure, Agrotechnology and Cleantech.

The lectures were held by Mr. Rafi Brender, Deputy-Director of Foreign Trade Administration, Ministry of Industry, Trade and Labor of Israel, Mr. Alcantaro Corrêa, President of the Industry Federation of Santa Catarina, Mr. Felipe Hees, Head of Extra-Regional Negotiations Department Mercosul I, of the Ministry of External Relations of Brazil, Mr. Roy Nir, Head of the Economic Office of Israel in Brazil, Mr. Carlos Cavalcanti, Head of the Energy Department of the Federation of Industries of the State of S.Paulo, Mr. Lucien Bronicki, Chairman of ORMAT Energy, Israel, Mr. Flavio Machado, Director of International Relations of the Brazilian Association for the Heavy Industry Development (ABDID), Mr.Leo Gleser, President of International Security & Defence Systems Ltd.(ISDS), Mr. Ruben Parz, Director of Athena Systems Integration for Home Land Security (MER Group), Mr. Mariano de Beer, CEO of Telefonica Brasil, and Mr. Elisha Yanay, President of Motorola Israel and Senior Vice President of Motorola Inc.,USA.

Brazilian Minister of External Relations, H.E. Celso Amorim, State of Bahia’s Governor, H.E. Jacques Wagner, Brazilian Ambassador, H.E. Pedro Motta Pinto Coelho, Israel Ambassador to Brazil, H.E. Giora Becher, and Brazilian and Israeli senior authorities were present at the Seminar, as well a large delegation of Brazilian and Israeli business people.

Two important Agreements were signed during the Seminar:

JOINT UNDERSTANDING BETWEEN THE MINISTRY OF DEVELOPMENT, INDUSTRY AND FOREIGN TRADE OF THE FEDERATIVE REPUBLIC OF BRAZIL AND THE MINISTRY OF INDUSTRY, TRADE AND LABOR OF THE STATE OF ISRAEL, signed by Ministers Miguel Jorge and Binyamin Ben-Eliezer, followed by words of Mr. Paulo Skaf, President of the Federation of Industries of the State of São Paulo (FIESP). Mr.Skaf announced also that a working group was formed between Brazil and Israel, in order to advance and implement the Mercosul Agreement.

MEMORANDUM OF UNDERSTANDING BETWEEN THE INDUSTRIY FEDERATION OF THE STATE OF SANTA CATARINA (FIESC) AND THE MANUFACTURERS ASSOCIATION OF ISRAEL (MAI) , signed by Mr. Alcantaro Corrêa, President of FIESC and Mr. Shraga Brosh, President of MAI, who also addressed the participants stressing the importance of the agreement.

Early in the morning, a breakfast meeting took place between Minister Miguel Jorge and Minister Binyamin Ben-Eliezer, with the participation of Brazilian Ambassador Pedro Motta Pinto Coelho, senior officers and Dr. Shmuel Yerushalmi, Chairman of the Israel-Brazil Chamber of Commerce and Industry. At the occasion Minister Miguel Jorge declared that, following the important visit to Israel of Secretary Barral, of Foreign Trade Department of his Ministry, who participated and lectured on March 04 at the “2010 Conference of the Chief Scientist of Ministry of Industry, Trade and Labor”, steps started to be made in order to implement the R&D Bi-lateral Agreement between the 2 countries.

CHAMBER OF COMMERCE AND INDUSTRY ISRAEL – BRAZIL

Honorary President: Tzvi Chazan

Honorary Fellows: Prof. Yehuda Kahane

Adv. Eli Chenchinski

Chairman: Dr. Shmuel Yerushalmi

Deputy Chairman: Henrique Kuchnir

Director: Herman Richter

Treasurer: Adv. Amos Harif

Secretary: Sandra Rejwan

Auditing Committee: Baruch Harpaz, Bentzion Rembiszewsky

Legal Advisor: Adv. Eli Chenchinski

Financial Auditor: Michael Peleg, CPA

Editorial Committee: Idan Harpaz , Sandra Rejwan, Saul Slomovic, Dr. Shmuel Yerushalmi, Markin Tuder, Adv. Tamar Shashoua Horowitz

According to anti-spam regulations in force in Israel, we shall continue sending our bulletin

ONLY to those who wish to receive it.

Therefore, we ask your cooperation in informing us whether you want your name to be deleted from our mailing list.

If this is the case, please send an e-mail to contact@isbracam.com , with the word UNSUBSCRIBE in the subject line.

We shall honor your request.

Accounting Rules

Tax Year

From 1 January, finishing 31 December of the same year.

Accounting Standards

Inspired by the American model: translated from the American Institute of Certified Public Accountants‘ Statement of Auditing Standards.

Accounting Regulation Bodies

CFC
Regulation of financial institutions

Accounting Reports

According to the American model, the financial statements must include at least: a table of variation of equity capital apart from the reserve account, a table of cash flow, notes to the accounts. For additional information go to the websit of the Brazil Company Handbook.

Publication Requirements

Commercial companies are obliged to publish annually a balance sheet, a profit and loss account and all the information necessary to understand the financial health of the company. The documents are controlled within the 60 days preceding the shareholders’ Annual General Meeting.

Professional Accountancy Bodies

IBRACON , Professional association of chartered accountants
CFC , Federal Accountancy Council
CPC , Committee for the improvement of accounting standards and practices

Certification and Auditing

Independent auditors and international firms registered with the Instituto Brasileiro de Contadores.
The financial statements are controlled by an independent auditor registered with the “Securities and Exchange Commission” or the “Instituto Brasileiro de Contadores”. Approximately half of the audits in Brazil are carried out by international audit firms.
The present trend is towards an increase in the number of companies audited, including those which are not obliged to be audited. The guarantee of quality arising from a certification represents a not inconsiderable advantage for Brazilian companies.

Accounting News

Brazil Accounting News

Tax Rates

Consumption Taxes

Nature of the Tax

ICMS : Tax on operations concerning the movement of goods and on national, municipal and local transport services.

Tax Rate

The ICMS is 17%:
transactions: 17% (18% in Sao Paolo);
inter-state transactions: between 7% and 12%;
imports are subject to: between 18% and 25%;
communication services: from 13% to 35%.

Reduced Tax Rate

A great number of deductions are applicable, each State being able to alter them.

Other Consumption Taxes

A tax on industrialized products (IPI) is also collected: an excise duty levied at the federal level. It applies to almost all sales and transfers of goods manufactured or imported in Brazil. The IPI rate can vary between 0% and 335%. The least taxed products are: basic foodstuffs, and the most taxed: alcohol and cigarettes.

Learn more about Service Providers in Brazil on Globaltrade.net, the Directory for International Trade Services.

Corporate Taxes

Company Tax

15%. Companies can benefit from reductions or exemptions when they are located in under-developed geographical areas (zonas francas).

Tax Rate For Foreign Companies

Companies resident in Brazil pay taxes on their worldwide profits. Foreign companies are only subject to tax if they engage in certain sales operations involving companies or agents resident in Brazil.

Capital Gains Taxation

The tax rate on long term capital gains is the same as for corporate tax. Non-resident investors are subject to an obligatory deduction of 15%, rising to 25% for residents of tax havens.

Main Allowable Deductions and Tax Credit

All the expenses necessary for company activity are deductible. Other expenses can be added: for employees’ lunches, training, investment in the north-east of the country or in IT equipment. On the other hand, only 20% of managers’ salaries are considered to be deductible expenses.

Other Corporate Taxes

There are many indirect taxes:
- The PIS and COFINS, respectively allocated to an employee savings scheme and to reimbursement of social security, and levied on the gross income of the company (1.65% and 7.6%). Exports are exempt, but imports are liable.
- A supplementary tax, the ISS, is deducted by municipalities on services which are not subject to the ICMS, and is about 2 to 5% of the price of the service billed.
- A Financial Transactions Tax (IOF) to a 4% rate.
- Concerning real estate, a property tax which varies from 0.3 to 1% of the value of the property is deducted every year by the municipality, as well as a second tax of 0.03 to 20% on rural property, according to the States and the use of the land. Every buyer must pay a progressive tax of 2 to 6% on the price of the property. This federal value added tax is levied on nearly all sales and transfers of products manufactured in or imported into Brazil, depending on the degree of necessity.
- In addition, import companies pay an import duty which varies according to the type of goods, and companies which pay royalties or pay for services rendered by foreign companies are subject to a deduction of 10%.

Individual Taxes

Tax Rate

Allowable Deductions and Tax Credit

Social security contributions, voluntary contributions to a private pension scheme (up to 12% of salary), professional travel expenses, pensions paid by order of a court, a deduction of 123 BRL per dependant per month, as well as BRL 2,374 in annual educational expenses. Some donations are also allowable for deductions or tax credit.

Special Expatriate Tax Regime

No special regime for residents.

Double Taxation Treaties

Countries With Whom a Double Taxation Treaty Have Been Signed

See the list of the fiscal agreements signed

Withholding Taxes

Dividends: 0%, Interest: 15%/25%, Royalties: 15%/25%

Sources of Fiscal Information

Tax Authorities

Administration of federal tax revenue

Other Domestic Resources

HSBC Bank information pages on Brazil

Learn more about Taxes and Accounting in Brazil on Globaltrade.net, the Directory for International Trade Services.

Intellectual Property

National Organizations

The organization in charge of the protection of patents and trademarks in Brazil is the INPI (Instituto Nacional de la Propiedad Industrial).

Regional Organizations

MERCOSUR (Mercado Común del Sur), UCC (Uniform Commercial Code), UPOV (International Union for the Protection of New Varieties of Plants).

International Membership

Member of the WIPO (World Intellectual Property Organization)
Signatory to the Paris Convention For the Protection of Intellectual Property

National Regulation and International Agreements

Legal Framework

Independence of Justice

Although judicial power is to a great extent independent of the executive branch, it is quite powerless faced with the organized crime which is rife in the country. Legal reforms advance very slowly and the public does not trust the system. The level of corruption is very high in the country.
Each Brazilian province has its own legal system. The country also has a system of courts to settle disputes between provinces. Brazil has not accepted the obligatory jurisdiction of the ICJ. Judicial power belongs to judges, important people, and there is no jury in any lawcourt.

Equal Treatment of Nationals and Foreigners

The judicial power guarantees a fair trial to foreign nationals.

The Language of Justice

Portuguese.

Recourse to an Interpreter

It is often necessary to resort to an interpreter if you do not speak Portuguese.

Sources of the Law and Legal Similarities

The main source of the law is the constitution of 1998. The legal system is based on Roman codes. The civil code, inspired previously by the Napoleonic code, is nowadays closer to the Italian code. Judicial power belongs to judges and important people.

Checking National Laws Online

Brazilian legislation

Learn more about Lawyers and Legal in Brazil on Globaltrade.net, the Directory for International Trade Services.

Standards

National Standards Organizations

Brazilian technical standards association
Brazilian committee for standardization in the fields of electricity, electronics and telecommunications
National Council of Metrology, Standardization and Industrial Quality (CONMETRO)
National Institute of Metrology, Standardization and Industrial Quality (INMETRO)

Integration in the International Standards Network

Member of the International Organization for Standardization (ISO), of theInternational Electrotechnical Commission (IEC), of the Global Ecolabelling Network (GEN), of the Pan-American Standards Commission (COPANT) and of the MERCOSUL Association for Standardization (AMN)and of the Uniform Commercial Code (UCC), which has become the GSI after merging with a European group (an organization concerning chains of logistics and bar codes).

Classification of Standards

ABNT, NBR standards.

Online Consultation of Standards

The ABNT catalog.

Certification Organizations

List of organizations authorized to issue certifications

Business Practices

General Information

Main recommendations and codes of business relations

Opening Hours and Days

Saturday and Sunday.

Public Holidays

Periods When Companies Usually Close

By Ben Tavener, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Ports in Brazil are expecting to handle a billion tons of cargo for the first time in 2012, according to estimates by ANTAQ, Brazil’s National Agency for Waterway Transportation. If achieved, the figure will be 12.3 percent more than in 2011, with Rio de Janeiro State set to take the top spot from neighboring Espírito Santo.

Ports in Brazil are expecting to handle a billion tons of cargo for the first time in 2012, photo by ANTAQ.

In 2010, Brazil’s ports handled 833.9 million tons of goods: 489.6 million tons of which was exported goods, 126.8 tons – imported, with the rest transported domestically.

New terminals have been announced in recent months, including by Eike Batista’s investment groups at ports such as Açu “superport” in the north of Rio State.

The record levels of freight are being attributed to new investments in port infrastructure in the past six years – both from private enterprises and state sources – including major dredging projects which have readied a number of sites on the Brazilian coastline to deal with much higher levels of cargo, with space for bigger vessels.

Brazil’s Minister for Ports, José Leônidas Cristino, told O Globo newspaper that a new tracking system would mean major improvements to efficiency at the ports:

“We are investing more than R$553 million (US$296 million) in paperless intelligent systems [...] which will allow ships and trucks to be tracked so that the loads arrive at the right time and reduce terminal congestion,” says the minister, adding that Brazil could now “increase capacity without the need for further work.”

David Lorimer, director at shipping analysts Datamar explained the private sector have done a lot to improve capacity as well. “There have been tremendous gains in operational efficiency in Brazil’s private terminals as operators have invested heavily in cargo handling equipment and shipowners in larger, more efficient vessels.”

Brazil’s Minister of Ports José Leônidas Cristino wants the ports to take the strain off Brazil’s overworked road network, photo by Wilson Dias/ABr.

This investment in the ports means that Brazil should export some 530 million tons of cargo in 2012, according to Datamar, who point out that China was Brazil’s main export destination in value terms, with exports to China representing 31 percent and the U.S. second at seven percent in 2011.

Yet despite improvements at the ports, a disproportionate amount of cargo is still transported by road. To counter this, the government is saying it wants the waterways to play a bigger role in cargo transportation, with a target of increasing the current fourteen percent of national freight carried by Brazil’s waterways, to some thirty percent by 2025.

Geography has also impeded efforts to transport more cargo by sea: “If industrialized São Paulo and Curitiba were coastal cities we’d be seeing much more middle distance domestic cargo carried by sea and far less on the BR-101 and Dutra,” David Lorimer explains.

The increase in the number of “super ports” in Brazil has drawn attention from environmental groups, who say that the ports are being given the go-ahead with little discussion beforehand, and that existing ports should be developed before building on a new site – rather than on ecologically-sensitive sites, such as those near coral reefs.

Global Business Hub- www.boston.com

Poised above São Paulo is the uber-trendy Hotel Unique. Its signature Skye Bar offers a spectacular view of the industrial city and teems with well-heeled paulistanos. An English and Swiss colleague and I gaze over the skyline as we await our table on a warm November evening. As hotel guests our ‘priority’ table is ready at 12 midnight. Absolutely normal, one might think, in this part of the world. Except it’s a Tuesday. It’s just one sign of Brazil’s thriving economy.

It’s no secret that Brazil’s economy has boomed in recent years. Strong demand for its commodities, primarily from China, has contributed to an average growth rate of 5% and a rush of inbound foreign investment. A growing economy and access to credit has boosted the fortunes of the Brazilian middle class and spurred an explosion of consumption. The price of housing, office and retail space has increased dramatically as construction firms have scrambled to meet demand. And the Brazilian real has strengthened dramatically, unleashing a wave of international tourist spending and property buying.

The Brazilian luxury market is currently valued at $2.6 billion, with another $5 billion consumed outside of Brazil. According to Global Blue, a private company that refunds the VAT of foreign shoppers, Brazilian spending in Europe has increased over 50% since 2009. In Paris, both Printemps and Galeries Lafayette each now have a Brazilian Portuguese-speaking customer service representative to assist with shopping. And Brazilians are the darlings of Miami, spending over $1 billion per year and buying nearly half of all downtown condos valued over $500,000.

Against this backdrop, and with over 155,000 millionaire households (about 40% of the Latin American total) and an ever-expanding aspirational class, it’s hard to imagine that Brazil wouldn’t be at the top of most firms’ international expansion plans. Yet Brazil has attracted relatively less attention by luxury corporations than its other BRIC counterparts, specifically China and India.

Although other emerging nations also share in these challenges, high import duties, complex taxation and red tape continue to vex companies operating in Brazil. Import duties are often cited as enemy number one for luxury firms, as the final price of goods can be 2 to 3 times that of the US or Europe. But there may be some cause for optimism. EU luxury associations for the first time joined in a coordinated business mission last week to petition Brazilian officials to lower import tariffs.

And success stories abound. Diane Von Furstenburg’s first São Paulo boutique netted over $1 million in sales in its first 6 weeks while Louis Vuitton’s flagship showroom is the company’s most profitable worldwide. With four Tiffany stores in São Paulo alone, it’s fair to say that the market is significant and that many brands have found great success. And with growing affluence throughout Brazil, international brands are also expanding beyond São Paulo for the first time. It’s easy to appreciate that without a Brazil strategy, companies are missing a major potential component of international growth.

There are several characteristics that make the case for Brazil more compelling.

Cultural affinity:

With a European heritage, Western companies will find fewer cultural challenges to conducting business in Brazil, particularly versus China or India. Affluent Brazilians are well-informed and well-traveled. They are familiar with leading international brands and know quality. But Brazil is not Europe or the US. It is a heterogeneous country with large regional differences. Despite a growing middle class, it remains a hierarchical society where customer service demands are high and the affluent expect to be pampered. Successful firms will understand the social dynamics as well as the regional differences of this large country.

Limited product and venue availability:

Although several major brands are setting up shop, relatively few international luxury brands are present in Brazil, particularly vis-à-vis the Asian market. This lack of international competition provides a distinct advantage to companies–for now. Unlike other emerging markets, however, Brazil has a heritage of homegrown brands that firms will have to contend with. Savvy companies will understand that as more international companies enter the market, the cost of branding in Brazil will certainly increase.

Brazilians are spenders:

In stark contrast to other emerging economies, particularly those in Asia, Brazilian saving rates are low. Though part of this tendency to spend stems from years of inflation, differences in spending behavior also play a role. Brazilians are brand-conscious and love to shop. A recent study by Credit Suisse suggested that middle-income Brazilian consumers are the most likely emerging market consumers to splash out for a luxury purchase. This may explain why many companies have discovered a far larger market than what raw income data might have suggested.

E-commerce in Brazil is growing rapidly:

Forrester expects online transactions in Brazil to reach $22 billion by 2016 from $11.7 billion in 2011 as broadband availability increases and banking security concerns are allayed. Import duties and expensive shipping have dampened the growth of the industry for luxury brands but new models are emerging. Mrporter.com, the London-based men’s online retailer, has developed a unique—and successful strategy—it ships products duty-paid to its customers in Brazil. Expect more innovation to come as infrastructure improves.

Brazilians are ever more connected and highly engaged:

Brazilians spend more time online on social media outlets than in any other country. Brazil is now Twitter’s 3rd largest market globally and Facebook’s fastest growing market worldwide. Brazilians are some of the world’s most active bloggers and in a recent study by the global market research firm TNS, one of the most open to engage with brands online. Brazil is extremely fertile ground for “organic” brand development with localized social media and language as powerful brand-building tools.

In recent months the general slowdown in global growth has coincided with Brazilian policies aimed at taming an overheating economy. As a result, most recent figures show that 2011 growth has slowed to around 3%. Though this is significantly less than the 7.5% growth in 2010, the Brazilian slowdown is a far cry from the sluggishness of the US or Europe. 2012 growth is estimated to rebound to a healthy 4-5% range. Investment and consumer confidence remain strong and the demand for high value-added goods such as luxury products will likely continue to grow.

The world’s seventh largest economy isn’t likely to remain “off the radar” for long. Focusing on building a cogent and deliberate Brazil strategy is not only imperative – it’s overdue.

Slow movers – take note.

A group of tenant companies of its incubator had a great performance at the Funcet 2011. The State Fund for Scientific and Technological Development (Funcet) is a fund run by state government of Sao Paulo, Brazil, which aims to stimulate innovation, technological development and increase of competitiveness of enterprises and the state’s economy through special financing conditions . Out of 68 companies taking grants in the bid, twelve are from Cietec.

This allocation of resources is devoted to the technological innovation of products and processes in small and medium Brazilian companies, which are installed in the State of São Paulo. Proposals were selected for funding with limit values up to US$150 000 per company.

“The success of Cietec’s companies is our best metric” explains Executive-Director Mr. Sergio Risola at a presentation to the board of Fecomercio, the powerful Trade Federation, where he prospects new partnerships to fulfill Cietec’s mission of fostering innovative entrepreneurship by supporting the creation, development and consolidation of micro and small technology-based companies.

Some five miles of massive concrete away from there, at the same time, a group of five other companies as different as Chem4U, a chemical company working with additives for resins, lacquers and paints and ExcelChip Electronics System, dedicated to application-specific chips (ASICs) show their produtcs at a major hotelier business trade fair, sponsored by Cietec in partnership with the federal agency CNPq (National Council for Research).

This multitasking that we can find on the very heart of the city of São Paulo is also in the essence of the biggest incubator center in Latin America.

Recently, one of the main weekly magazines in the country, Epoca, tagged Cietec as one of the 50 things that paulistanos should be proud of. Their example was engineer Giovanni Asbestos and his two partners at Xmobots. Founded in 2007 to develop Unmanned Aerial Vehicles capable of monitoring large areas, the company survived their first two years, mark not achieved for 40% of new businesses. “Here we learn to manage a business” says Asbestos. Now, they’re the 100th graduated company.

The incubator provides a well known formula of services and support provided by these kinds of institutions around the world. As such, it helps to fortify the businesses and has generated a net income of US$ 150 million since its opening in 1998. It means 3 dollars in returned taxes for each dollar granted by the government. Today, 147 companies are there. Incubation lasts around four years, but the support of Cietec extends for a few more. Even so, the center seeks to establish new partnerships. “We will be a major technology hub,” says Mr. Risola.

Business Networks

One of the main strategies in the pursuit of success for its companies are the “Entrepreneurial Cooperation Networks”. Divided into six main fields – Electro-electronics, Biotechnology, Chemistry, Information Technology and Communications, Life Sciences and Environment -, the networks foster partnerships, exchange of knowledge and the prospect of clients and investors.

The “Environmental Network” is closely working to develop products and services that seek to preserve the environment, associated with economic growth. There, tenant companies like Sharewater offer customized solutions for rationalization of water use in various niches of the economy. The company is a case that grew out of a college degree conclusion paper on “control of losses in water supply networks”. Civil engineer, Diogo de Almeida, 25, one of the partners, says that being a start-up in an incubator was essential to overcome the deficiency in the management and administration of his business. “In Cietec, we organized the managerial aspects of the business and Sharewater could meet customer requirements, which increased our survival in the market” says the entrepreneur. Along with them, graduated enterprise Lotus Environmental Chemistry, also benefitted from being at “Chemistry Network”, providing a powder for reducing evaporation of fresh water, which can reduce up to 50% water loss by evaporation in lakes and reservoirs in general. The company won a prize in technology category of the “Von Martius Environment Prize”, considered the most important environmental award in Brazil and organized by the Brazil-Germany Chamber.

Incubation time at Cietec gave a seal of quality to Mr. Samy Menace’s BrasilOzonio. Seasoned executive at the Safra Group, he left to develop a line of ozone generators for cleaning and disinfection of environments and water, in 2005. The company graduated in 2007 and is now exporting to Argentina and Peru, and negotiates entry into the markets of Europe and the USA. “It is likely that we would not have survived if we had not gone through Cietec” reports Mr. Menace to financial newspaper Valor Econômico. Revenues, which in 2010 were US$ 1 million, are expected to double this year.

Even after graduation, BrasilOzonio has not moved away from Cietec. As research continues. “part of our business will always be research and development,” explains Mr. Menace. “Every day there are new applications, some of our customers demand. We are always looking for projects,” says the businessman.

The work of the Entrepreneurial Cooperation Networks also encompasses businesses alternative energy sources such as Electrocell, that has developed a different generator that converts chemical energy directly into electrical energy with a fuel cell or Tramppo, capable of picking up steam mercury lamps, it separates the phosphoric powder, glass and aluminum, thus reusing more than 98% of their components.

Seed Money

Partnering with BM&F Bovespa (São Paulo’s Stock Exchange), FINEP (the federal Financier of Studies and Projects), Cietec has presented this year the 10th Seed Forum which involved the training of angel investors, individuals who invest in start-up businesses in exchange for a percentage of the company.

In a workshop sponsored by FINEP, these investors had the opportunity to learn various tools and methodologies for the evaluation of start-ups, to facilitate discussion with these companies. The event was held at the BM&F Bovespa building in São Paulo. For this edition of the forum was set up seed capital. The goal is to make it easier for novice entrepreneurs to find alternatives for financing their businesses.

The expansion of the work developed by Cietec will support companies to better understand the structures of fostering innovation and development existing in Brazil. “These organizations need to understand the mechanisms and incentives, such as the newly created Innovation Law or several edicts offered by FINEP, FAPESP or other funds. And Cietec acts as an agent of interpretation of these opportunities” points out Claudio Rodrigues, president of Cietec.

Thus, collaboration is the watchword for the next decade. More complete services are available to companies, and these, in turn, will increasingly have to prove the validity of their projects to be part of this world.

“Cietec only allows companies with the greatest potential to step into its structure. That’s our focus. Except from China, which already has incubators with about 500 companies, incubators in other countries do not have more than 100 projects. We will work with the current parameters, but will grow in other services” says Rodrigues.

• Between 2003 and Jun/10, R$ 2.9 billion were invested in more than 12,500 contracts for the renovation or construction of new facilities. About R$ 1 billion was invested in 2010 alone in the implementation and upgrading of sports infrastructure, including 5,220 sports courts, gyms (1,307), stadiums (836), Olympic villages (33), sports complexes (384), football fields (683), track and field (72), and Youth Squares (192) among others. 4,134 works have been

completed and another 1,851 have been started or are under way.

2014 World Cup Opportunities Beckon Foreign Investors to Brazil

SOURCE – ARTICLESBASE -Thomas Rideg, Managing Director for Global Intelligence Alliance Latin America

Ahead of the World Cup in 2014, Brazil’s government has approved nearly $3 billion to expand and renovate 16 airports, and guaranteed another $400 million in investments related to the country’s ports. The allocations come amid criticism from soccer’s international governing body, FIFA, that Brazil is not meeting its infrastructure obligations in advance of the tournament. What are some opportunities that may trickle down to international companies?

Thomas Rideg, Managing Director for Global Intelligence Alliance Latin America gives us his views.

Will Brazil host a better World Cup than South Africa?

“Brazil will host a successful World Cup. This is a country accustomed to hosting major local and regional soccer tournaments. Combined with a population that breathes the sport and its current economic strength, it should have no excuse not to host an even more successful World Cup than South Africa, as long as it makes timely investments in infrastructure. Although a bit late, these investments are already in place.

There is a classical Brazilian way of doing things and the reason why Brazil has the unpopular reputation of being “o pais do jeitinho” (meaning: the country that somehow or other gets things done). Home to an ever-increasing population and skilled workforce with a rare combination of enthusiasm and creativity, Brazil also has the downside of bureaucracy, procrastination, and corruption.

Bureaucracy is the first painful stage before getting anything done here. Once that is overcome, things will flow and Brazil will positively surprise international spectators when it comes to making many of the necessary investments to host the World Cup.

The investments will never satisfy the local population, however. Many understandably point out that the resources destined to improve stadiums, hotels, ports and roads to host a 30-day event should instead be concentrated on public services. Services such as health and education have seen improvements over the years but still reflect conditions of underdevelopment in certain areas. The local population is also very skeptical regarding the accurate destination of the funds allocated to the specific investments required, as corruption is feared to permeate this type of process.”

How are concerns about the country’s infrastructure being addressed?

“The most urgent improvements are the ports – which is currently being addressed – and the airports. Brazil has been facing “airway chaos” for around three years. In the first semester of 2010, domestic air travel increased by 30% and international travel increased 13.5%.

Regardless of the World Cup or Olympics, the ANAC (National Agency of Civil Aviation) has announced that it will not approve any increase in the number of flights until airports are expanded.

Having said this, plans for airport expansions have been in discussion prior to FIFA´s obligations. Infraero, the government-run airport administration, has already announced that it will be investing R$ 6.5 billion across 16 Brazilian airports, including the 12 that will be key to receiving tourists for the World Cup. Infraero may also soon be up for privatization, and if this is the case, more fluidity shall be seen in these improvements.

Roads have also been a major problem. The gradual improvements seen throughout the years have been through the privatization of some of Brazil’s most important highways.”

How much investment will the World Cup attract?

“Investments related to the 2014 World Cup are estimated to surpass R$ 140 billion.”

Which are some industries that will be targets of new foreign investors?

“It is hard to think of areas that will not be targets of direct or indirect investments by foreign investors.

One of the main areas of investment will be in information technology and communications. We’ll have international tourists coming into the country with different technologies such as 4G, local tourists demanding roaming services, stadiums demanding security monitoring and the need for high speed networks for image transportation, traffic control systems and countless other applications. The industry is expected to attract more than R$ 20 billion in investments – most of which will be in the hands of established players but also within the aim of potential foreign entrants.

Hotels, convention centers and restaurants will also be areas of investment. Here, we are talking about potential investment across 12 cities, a number with completely different stages of development, local cultures and climates. Let’s take Manaus for example. It is one of the warmest and most humid cities in the country and has an informal atmosphere. By comparison, Curitiba is one of the coldest and driest cities and has a conservative and European-like culture. This means that the forms and areas of investments within the hospitality sector can vary intensely from city to city.

Large infrastructure projects for roads, tunnels, airports and stadiums are on the rise, so we will also see interest from companies involved in construction equipment, such as road building machines, cranes and aerial working platforms, as well as those involved in outdoor illumination projects, transport, logistics etc.

Foreign companies with an edge in safety and sustainability are sure to find their niche in preparation for the World Cup, as both these areas are of increasing priority in the country.”

What advice would you give foreign investors?

“Firstly, make sure you understand your key attraction: the market. Huge differences exist across the country and across different socio-economic segments. Consumers are more demanding as a consequence of becoming more exposed globally. At the same time, Brazilians are unique and like to be perceived and treated as such, so large generic mass offerings may not always work.

Although Brazil is a continental country with huge differences across all its six regions, big differences can also be seen within the regions themselves. For example, Rio and São Paulo are only 40 minutes apart by airplane; yet they differ in terms of culture, lifestyles and work habits. The two cities are also home to different industries. São Paulo is an evolving fast paced cosmopolitan melting pot while Rio, though a huge city and former national capital, has preserved some of its more traditional cultural characteristics.

Secondly, though the market may be huge and full of opportunities, one should not underestimate the local and established players. Depending on the industry, many world-class players may already be servicing the market with state-of-the-art offerings. Understanding these competitors; where they are based, how long they have been in the market, how and where they distribute for example, is very important in getting an idea of your competitive challenges.

Thirdly, understand the country in terms of its regulations, tax obligations and administrative requirements. Go beyond a general understanding as such obligations or incentives can change from region to region and differ from industry to industry.

Fourthly, be patient. Some companies get excited when they see an opportunity, such as a notice for a huge public bid but they could end up finding the process of bidding to be extremely complex and bureaucratic. It is still important to establish connections in certain geographies and sectors.

Procurement and timetable

Projects related to the 2014 Brazil FIFA World Cup are coordinated by each of the 12 host cities state & municipal governments. Federal government is also involved in major infrastructure areas that are already part of the national development plan (PAC). Investments to build and reform stadiums in the 12 host cities will be around US$5.7 billion; and projects should consider an entire revitalization of stadium’s surrounding area in order to leave a legacy to the city.

The national commercial air traffic should double until 2014 and US$3.3 billion will be invested in airport infrastructure and modernization in the 12 host cities to attend the estimated demand. Large investments will also be made in hotel accommodation, ports infrastructure, tourism, training and security, since estimated number of tourists during the event is 500,000. All host cities will have to expand their hotel network to accommodate estimated number of visitors.

An estimation of US$11.5 billion will be invested per year in the next 5 years in telecommunications infrastructure (fixed line network expansion, broadband Internet and 3G mobile high-speed networks implementation).

The 2016 Rio Olympics project is coordinated by Federal, State and City governments as well as by the Brazilian Olympic Committee through the Rio 2016 Organizing Committee but most of the efforts and decision power will be concentrated at city government level. Major decisions on the projects and companies to participate will be made from April/May 2010 with the consolidation of the Rio Organizing Committee and the creation of the Rio Business Office which will concentrate all the investments opportunities related to the World Cup and Olympic Games as well as other development plans for the city and state.

Estimated annual impact in the Brazilian GPD is US$11 billion (2009 to 2016) and US$13.5 billion (2017 to 2027) and the planned investments should result in 121,000 new direct and indirect employees per year (2009 to 2016) and 131,000 per year (2017 to 2027). The sectors of the Brazilian economy that will best benefit from the games will be:

• civil construction (10.5%) real state & rental services (6.3%) logistics (4.8%)

• business services (5.7%) oil & gas (5.1%) telecommunication services (5%)

Tourism in the city of Rio de Janeiro should increase 15 per cent in 2016 in relation to the previous year and the city of Rio will have to extend its hotel accommodation capacity up to 50,000 hotel rooms. The strategic regeneration of Rio’s historic Port area will be accelerated, resulting in a major new accommodation, entertainment and tourist district reconnecting the harbour to the rest of the city.

The city will have 4 clusters with specific needs and solutions (Barra, Deodoro, Maracana and Copacabana) and 11 permanent and 4 temporary sport installations will be constructed plus modernisation of existing ones with estimated budget of US$508 million. A BRT (Bus Rapid Transport) system will be implemented in the city to connect the planned clusters as well as modernisation and extension of metro lines with a total estimated cost of US$2.6 billion.

The remediation of Rodrigo de Freitas & Barra Lagoons and Guanabara Bay are also a priority that has an estimated cost of US$565 million.

Latest news and updates on the procurement processes can be found at:www.brazil2014-rio2016.com

Finally, be persistent. Brazil is bureaucratic and can have a frustrating degree of centralization. These however, are only bottlenecks and are certainly not barriers. The country is huge, the

Brazil Major Sport Events 2014 & 2016 – News & Opportunities

Small business hoping to be the winner at 2014 Cup

A recent study by two of Brazil´s top business researchers has predicted that the 2014 World Cup will have an impact on 448 types of economic activity and generate 700,000 jobs, 400,000 full time and 300,000 part time.

The report, by Sebrae, the government body dedicated to small business, in collaboration with private university and research institution Fundação Getúlio Vargas, covers the impacts of the Cup on the Brazilian business sector, and is accompanied by a commitment by the organisation of R$79.3 million over the next three years to assist small and medium businesses in accessing the opportunities.

The report also identified a range of areas offering the most opportunities, including: tourism agencies, uniform suppliers, earthworks specialists, restaurants and bars, and IT and communications businesses. Beyond these, the organisation has committed to additional research on five other key sectors: agribusiness, wooden furniture, textiles and design, retail commerce and services.

Sebrae stated that their idea is to gain more space in the economy for small business, not only for the 2014 Cup but well into the future. Presently, while 99% of Brazilian businesses are considered small they account for just 20% of the country´s GDP.

For the Cup alone, the establishment of 7,700 new business ventures has already been predicted fort the 12 host cities.

Posted by Simon Tarmo- http://www.brazil2014-rio2016.com/2011/04/small-business-hoping-to-be-winner-at.html April 8, 201

2014 BRAZIL FIFA WORLD CUP AND 2016 RIO OLYMPIC GAMES

Main organizations involved

Brazilian Olympic Committee (COB)

Founded in 1914, COB has the responsibility of spreading sports culture within the Brazilian society and helping developing high performance athletes.

Rio 2016 Organizing Committee

Rio 2016 Organizing Committee is made up of a team of professionals from diverse areas (former Olympic athletes, international advisors and renowned consultants) with expertise in the organization of major sports events. Key members of the Rio 2016 team also worked on Rio 2007 Pan American Games.

Rio Business Office

Identify, concentrate and coordinate business and investments opportunities related to the 2016 Olympic Games in the city of Rio de Janeiro is the main purpose of this project. The office will also support road shows and business missions to promote the city and its demands.

Brazilian Ministry of Sports

The Ministry of Sports is responsible to create a national sports policy, develop high performance athletes and work on activities to provide social inclusion through sports, therefore contributing to the welfare of the Brazilian population.

Brazilian Football Confederation (CBF)

The CBF coordinates everything that is related to professional soccer being responsible of the organization of the national championship under it’s varies leagues; players transfers and regulations; as well as managing, training and administrating the Brazilian national soccer team in all of its categ