New law (14.286) updates the legal framework for foreign exchange in Brazil

Image depicting various money bills for Solere Avocats article untitled New law (14.286) simplifies foreign exchange in Brazil

On 29.12.2021, the Brazilian Federal Government has promulgated the law 14.286, about “exchange market, Brazilian capital abroad, foreign capital in Brazil” called also “New Legal Basis for Exchange Operations” (“Novo Marco Legal do Câmbio”).

This law shall enter into force in 29/12/2022 (one year from 30.12.2021). Within this year the Brazilian Central Bank shall issue the necessary regulation for its full application.

This new law aims to facilitate the use of foreign currency in Brazilian economy. Its main provisions are:

  • Possibility to hold, in Brazil, bank accounts in foreign currencies.
  • Facilitate the exchange between reals and foreign currencies, by compensation, without the intervention of the Brazilian Central Bank.
  • More hypothesis of transactions executed in Brazil in foreign currencies. (Leasing; any transactions supported by loans in foreign currencies, among other hypothesis).
  • Possibility to carry up to USD 10.000,00 (instead of the currently REAIS 10.000,00) in international travels.
  • Possibility for individuals to negotiate up to USD 500,00 without authorization of the Central Bank.

These new provisions should foster fintech and peer-to-peer platforms.

In summary, the purpose of the new law is to modernize, simplify and consolidate existing legislation. It contributes to a better business environment, favoring expansion and reduction of bureaucracy related to foreign trade operations. Finally, it increases market efficiency, including enabling the entry of new players.

Read more: Brazil’s Central Bank official note about the new law

Seeking legal assistance/consultation in Brazil or more clarifications about the new law 14.286 in Brazil? Solere Advogados Associados can help. We are a law firm specialized in Brazilian business law, with practice in tax, corporate, commercial, labor, civil, specially on M&A, transactions, business partnership negotiations and any other form of foreign business implantation. You can reach us directly at 55 21 981-01-61-51 or sending us a WhatsApp message (click this link to open the app) or e-mail

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