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  • Boost for foreign investors as Brazil and Guernsey sign tax agreement

    2013 - 02.26

    In news that will grab the interests of international investors currently considering Brazil, the country has just signed a Tax Information Exchange Agreement (TIEA) with Guernsey.

    The TIEA was signed earlier this month by Roberto Jaguaribe, Brazil’s Ambassador to the UK, and has shone a spotlight on the myriad opportunities for foreign investors in Latin America’s booming superpower.

    Fiona Le Poidevin, chief executive of Guernsey Finance, the agency charged with promoting the Island’s finance arena, told the BBC:  “I welcome the signing of a TIEA with Brazil. The economic growth in South America means that there is huge potential for Guernsey’s finance industry to attract business from both high net worth individuals and expanding companies in the region, especially in the more developed countries such as Brazil.”

    “The TIEA is an indication of the growing relationship between Guernsey and Brazil and a significant step in enhancing the potential for further business flows between the two jurisdictions,” Ms Le Poidevin went on to say.

    With recent news of international investors keen to become involved with Brazil’s transport infrastructure ahead of its hosting of two major sporting events, and forestry investments booming through companies like Greenwood Management, there has never been a better time to invest in Brazil.

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