A 3.2. Are there any restrictions on foreign investment in the sugar and ethanol industries in Brazil?
No. The 1988 Constitution ended any distinction between domestic capital investment and foreign capital investment (with some exceptions). Hence, if the company is constituted according to Brazilian law, it will be guaranteed equal treatment, irrespective of the origin of its capital. It must be stressed that in regard to sugarcane production, the raw material for the industry, the law imposes certain limitations on foreign capital participation in the acquisition and leasing of rural property.
