Prizes and Betting Secretariat defines understanding regarding 20% of Brazilian partner
Monday 10 de June 2024 / 12:00
⏱ 1 min read
(Sao Paulo).- The Prizes and Betting Secretariat of the Ministry of Finance – SPA-MF defined Thursday afternoon the interpretation that will be applied in the authorization process in relation to the provision that requires the applicant legal entity to have a Brazilian as a partner holding at least 20% of its share capital.
According to the SPA, the requirement to have a Brazilian as a partner holding at least 20% of the share capital of the applicant legal entity can be met both by the participation of Brazilian natural persons and by Brazilian legal entities. Brazilian legal entity means a legal entity constituted under Brazilian laws and which has its headquarters and administration in the country.
“The SPA's interpretation ends a long cycle of discussion about meeting the requirement for participation of Brazilian partners in companies operating sports betting and online games. Compliance with this requirement can be done through subsidiary companies wholly owned by foreign partners, simplifying the rules for holding corporate participation”, explains lawyer Luiz Felipe Maia.
Categoría:Gaming
Tags: Sin tags
País: Brazil
Región: South America
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
LSports at the Peru Gaming Show: Building Presence, Opening Doors
(Lima, SoloAzar Exclusive).- The Peru Gaming Show was never just about the booth. For LSports, it was about showing up in a market where showing up still matters — and leaving with more than a contact list. Federico Brancato, Sales Manager for the LATAM Region, came to Lima with a clear sense of what operators in this part of Latin America need most right now. What he found confirmed it.
Friday 17 Jul 2026 / 12:00
Martin Ivanov: "Latin America remains one of CT Interactive's key strategic regions"
(Lima, SoloAzar Exclusive).- CT Interactive Chief Operating Officer Martin Ivanov reflects on the company's experience at the Peru Gaming Show, highlights the opportunities emerging in the Peruvian market, and outlines the company's strategic priorities for expanding across Latin America.
Thursday 16 Jul 2026 / 12:00
Regulation and the Black Market in Latin America: Challenges and Solutions
(Lima, SoloAzar Exclusive).– As part of the Peru Gaming Show (PGS) 2026 conferences, gaming industry leaders analyzed one of the main challenges currently facing regulated markets in Latin America: the growth of illegal gambling. The panel "Regulation and the Black Market: Challenges and Solutions" brought together Carlos Fonseca, CEO of Gaming Law, as moderator; Neil Montgomery, founding partner of Montgomery & Associados; Tatiana Vásquez, founding partner of Vázquez Asociados; Karen Sierra Hughes, Vice President for Latin America, the Caribbean, and Spain at GLI; and Vanessa Cabrera, Director of the Control and Sanction Directorate of the DGJCMT-MINCETUR, who debated the causes of the black market, the available regulatory tools, and strategies to strengthen channeling toward legal gaming in the region.
Wednesday 15 Jul 2026 / 12:00
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