Ministry of Finance clarifies requirement for Brazilian partners in betting companies
Friday 07 de June 2024 / 12:00
⏱ 1 min read
(Brasilia).- On Thursday afternoon (6), the Ministry of Finance's Prize and Betting Secretariat (SPA-MF) defined the interpretation of the requirement that the requesting legal entity have a Brazilian partner with at least 20 per cent of the share capital.
On Thursday afternoon (6), the Ministry of Finance's Prize and Betting Secretariat (SPA in its original) defined the interpretation that will be applied in the authorisation 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 applicant legal entity's share capital can be fulfilled by the participation of both Brazilian natural persons and Brazilian legal entities. A Brazilian legal entity means a legal entity that is incorporated under Brazilian law and has its headquarters and administration in the country.
"The SPA's interpretation brings to an end a long cycle of discussion about meeting the requirement for Brazilian partners to participate in companies operating sports betting and online games. This requirement can now be met through subsidiary companies wholly owned by foreign partners, simplifying the rules on holding shareholdings,’ explains lawyer Luiz Felipe Maia.
Categoría:Legislation
Tags: Sin tags
País: Brazil
Región: South America
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
ProntoPaga Consolidates Its Position at Peru Gaming Show 2026
(Lima, SoloAzar Exclusive).- Juan Carlos Loza, Head of Sales Latam at ProntoPaga, spoke exclusively after the company's participation in Peru Gaming Show 2026, highlighting the agreements reached, the interest in their payment solutions, and the expansion plans that will drive their growth across Latin America.
Monday 03 Aug 2026 / 12:00
Enhancing Responsible Gaming Through Effective Training at PGS 2026
(Lima, SoloAzar Exclusive) – Training, prevention, and technology took center stage at the "Value of Responsible Gaming in Gambling Operations" conference during the 2026 Perú Gaming Show (PGS). Presented by Fernando Calderón Castro, President of the National Gaming Society (SONAJA), the session brought industry leaders together to tackle current challenges and explore strategies for safer, more transparent, and sustainable operations.
Wednesday 22 Jul 2026 / 12:00
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
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
