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
BiS SiGMA South America 2026
06 de April 2026
Viviana David Discusses IGT PlayDigital's LATAM Growth Strategy
(São Paulo, SoloAzar Exclusive).- At BiS SiGMA South America, Viviana David, Head of Commercial LATAM at IGT PlayDigital, shared insights on the company’s vision for Brazil and the wider Latin American market. In this interview, she discusses the opportunities driving IGT’s participation, the business connections forged, and how innovative digital solutions are shaping the future of iGaming across the region.
Monday 18 May 2026 / 12:00
Fast Track Showcases AI-Powered CRM Innovation at BIS Sigma South America 2026
(São Paulo, SoloAzar Exclusive).- At the recent BIS Sigma Edition, Fast Track highlighted how its AI-driven CRM solutions are reshaping operator strategies in Brazil’s newly regulated iGaming market. Muriel Le Senechal, Regional Commercial Manager for LatAm, shared insights on the industry’s shift from acquisition to retention, emphasizing the role of automation, personalization, and real-time engagement in driving sustainable growth.
Tuesday 12 May 2026 / 12:00
Pay4Fun’s Leonardo Baptista on BiS SiGMA South America 2026: Regulation, Market Maturity and Brazil’s Expanding Opportunities
(São Paulo, SoloAzar Exclusive).-In this interview at BiS SiGMA South America 2026, Leonardo Baptista, CEO and co-founder of Pay4Fun, shares insights on the event’s strategic importance for the Latin American gaming industry. He highlights the growing maturity of regulatory discussions, the increasing focus on compliance and sustainability, and the expanding opportunities in Brazil—one of the most promising regulated markets globally.
Thursday 07 May 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.
