On 28 November 2019, BRZ GVT issued rules re funds of non-resident investors. Resolution 4,761, of 27 November 2019 on rules for investments of non-residents in Brazil. Overview Amends annex II to resolution 4,373 of 2014 on investments of non-resident investors in Brazil’s financial and capital markets, mainly its arts 2.I, 2.III, 2.IV, 3, 4,…
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China – SAFE Foreign Investment
On 28 October 2019, CHI SAFE director spoke at Bund Summit 2019. Deputy director Lu Lei said CHI SAFE would promote the opening of capital projects and construction of forex market, encouraging foreign investment in the STAR market. Opening Up Said that China's current strategic trend is to promote a higher level of opening up.…
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Japan – GVT Foreign Direct Investment
On 21 October 2019, JPN GVT advised re amendment bill concerning FDI. Advised that the Cabinet approved the Amendment Bill of the Foreign Exchange and Foreign Trade Act on 18 October 2019, in relation to foreign direct investment (FDI). Follows JPN METI September 2019 announcement re legal categories revision. Overview Under current rules, investment in…
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China – GVT Lifts Foreign Bank Holdings
On 16 October 2019, CHI GVT issued policies to reduce burden on businesses. Introduced policies to reduce fees and taxes locally, and open up to the outside world. Fee Reduction In earlier 8 months, fees and tax reduction has helped reduce burden on businesses. Planning to strengthen fiscal budget management among local government bodies, and…
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France – GVT Foreign Investment In France
On 12 September 2019, FR GVT issued guidance on foreign investment. Treasury issued information on prior authorization process for foreign investments. Followed December 2018, FR GVT decree on authorized foreign investments. Followed PACTE law on business transformation and growth. Overview PACTE law reformed prior authorization process, to preserve national strategic interest. Aims to better prevent…
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Qatar – Substantial Shareholding Foreign Limit
On 3 June 2019, QAT Exc said Qatar Central Securities Depository modified foreigners’ ownership limit of Doha Insurance Group to become 49% of the company's capital.
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