Another important change brought about by the new law is the possibility of reducing costs. This is because with the expected reduction of operational and legal structures of market participants, it is expected that there will be a greater incentive for new companies to enter the market, which, in addition to mitigating costs, will serve as a stimulus to competition.
Dollar account in Brazil
The Central Bank states that the new law will not change or introduce innovations in relation to the way in which foreign currency accounts are accepted in the country, nor does it indicate that this scenario will change in the future, with a possible expansion of possibilities. However, the sector expects that the new exchange rate framework will be a first step towards enabling dollar accounts in the country.
The impacts of the new foreign exchange law and the uruguay mobile database importance of monitoring
So far, the new legal framework for foreign exchange in Brazil has been presented as a measure to improve the business environment in the country and facilitate the entry of Brazilian companies, even small ones, into global chains. In other words, the new law represents an important moment for the modernization of the economy as a whole, based on the strengthening of the Brazilian currency.
In addition to international visibility, the country will also gain more investment options, which could increase financing possibilities for companies in Brazil – whether in direct, long-term investments or even in infrastructure and concession projects. In this case, for example, there will be benefits for the sector, which will benefit from reduced costs with operations aimed at mitigating exchange rate and liquidity risk – which arises from the exchange rate at the time of contracting until the actual operation.
The impacts of the new law, however, will be felt by the most diverse sectors of the Brazilian economy, affecting not only the general population, but mainly the businesses of organizations. For this reason, monitoring the implementation of the legislation and its possible developments, especially with regard to regulation, is essential to ensure that companies are in compliance with the rules.
More than that, constant monitoring brings – in addition to risk mitigation – opportunities for organizations, also considering the investment scenario, the relationship with stakeholders and the opening of new possibilities for the growth of companies and their generation of business.