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Brazil
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Brazil
Santander is the only major wholly foreign-owned retail bank in Brazil.
There is no official restriction on Brazilian investors investing abroad.
Tax regulations, while burdensome and numerous, do not generally differentiate between foreign and domestic firms.
In cases of eminent domain, the government compensates owners at fair market value.
Money and Banking System The Brazilian financial sector is large and sophisticated.
In March 2019, authorities arrested former President Michel Temer on charges of corruption.
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