Prizes and Betting Secretariat defines understanding regarding 20% of Brazilian partner
Monday 10 de June 2024 / 12:00
⏱ 1 min read
(Sao Paulo).- The Prizes and Betting Secretariat of the Ministry of Finance – SPA-MF defined Thursday afternoon the interpretation that will be applied in the authorization 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 share capital of the applicant legal entity can be met both by the participation of Brazilian natural persons and by Brazilian legal entities. Brazilian legal entity means a legal entity constituted under Brazilian laws and which has its headquarters and administration in the country.
“The SPA's interpretation ends a long cycle of discussion about meeting the requirement for participation of Brazilian partners in companies operating sports betting and online games. Compliance with this requirement can be done through subsidiary companies wholly owned by foreign partners, simplifying the rules for holding corporate participation”, explains lawyer Luiz Felipe Maia.
Categoría:Gaming
Tags: Sin tags
País: Brazil
Región: South America
Event
GAT EXPO CARTAGENA 2026
24 de March 2026
Technology, AI and Traceability: Keys to the Future of Gaming at the GAT Expo Cartagena Suppliers Panel
(Cartagena de Indias, SoloAzar Exclusive).- Within GAT Expo Cartagena 2026, technology sector leaders analyzed the challenges and opportunities of the gaming industry during the panel “Innovation, Traceability and Control”.
Tuesday 31 Mar 2026 / 12:00
Gamification with Purpose: Andrés Blanco Explains How to Drive Real Engagement at GAT Expo Cartagena
(Cartagena de Indias, SoloAzar Exclusive).- At GAT Expo Cartagena 2026, one of Latin America’s most important gaming industry events, Andrés Blanco, Managing Director and Chief Product Officer at Gamanza Engage, shared his vision of how gamification can become a strategic tool to foster genuine user engagement.
Monday 30 Mar 2026 / 12:00
Nevada’s Regulatory Model, Taxation Challenges and Prediction Markets Take Center Stage at GAT Expo Cartagena
(Cartagena de Indias, SoloAzar Exclusive).- During a high-level fireside chat at GAT Expo Cartagena 2026, Brian Krolicki, Vice Chairman of the Nevada Gaming Commission, and Rodrigo Afanador Carrasco, CEO of Zamba and General Manager of Grupo Vicca, explored key regulatory challenges shaping the global gaming industry, with a particular focus on Latin America.
Monday 30 Mar 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.