Statement from SPA/MF the requirement of a Brazilian partner holding 20% of the legal entity's share capital

Jun 6, 2024

Statement from SPA/MF the requirement of a Brazilian partner holding 20% of the legal entity's share capital

Statement from SPA/MF the requirement of a Brazilian partner holding 20% of the legal entity's share capital

The Secretariat of Awards and Betting of the Ministry of Finance has announced, through its FAQ, that "the requirement to have a Brazilian partner holding at least 20% of the share capital of the requesting legal entity can be met either by the participation of Brazilian natural persons or by Brazilian legal entities." By Brazilian legal entity, it is understood to be a legal entity established under Brazilian laws and having its headquarters and administration in the country.”

Therefore, the requirement provided for in item IX of § 1 of art. 7 of Law No. 14,790 can be met by both Brazilian legal entities and individuals.

Check out the Summary of SPA/MF Ordinance 827/24 to stay updated, accessible in Portuguese here

Contact rafael@octus.pt for more details.




Rafael Biasi
Legal Affairs
Octus Legal iGaming 




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All rights reserved © 2024