Hollytech Linguistics provided simultaneous interpretation in Portuguese for the webinar.

Planned and facilitated by Xiamen Victwo BizTech Co., Ltd. (Xiamen BRICS+ Technology Accelerator), the Webinar on Investing in Brazil successfully kicked off on the evening of April 14, 2022. This webinar was sponsored by Office of Xiamen Leadership Group for BRICS PartNIR Innovation Center and co-hosted by LIDE China, Xiamen Information Group and Xiamen Victwo BizTech Co., Ltd., and received full support from the Consulate General of China in Sao Paulo, XMTORCH Management Committee, Xiamen Huli District Government and Xiamen High-tech Innovation Center. Chaired by Mr. Edward Yang, CEO of Victwo, the webinar was addressed by Mr. LI Ming, Deputy Director of the Office of Xiamen Leadership Group for BRICS PartNIR Innovation Center, and Mr. TIAN Yuzhen, Deputy Consul General of the Consulate General of China in Sao Paulo, in addition to an insightful speech delivered by Mr. José Mario Antunes, Chief Representative of Invest SP in Shanghai. 

As an important member state of BRICS, Brazil has a vast population of more than 200 million, making it a sought-after investment destination for Chinese companies. Nonetheless, due to its long distance from China and its distinctly different socioeconomic system, Chinese companies are in dire need of professional guidance in pushing into Brazil's huge yet complicated market. In an effort to help Chinese companies gain a better understanding of and invest in Brazil, Xiamen BRICS+ Technology Accelerator specifically organized this webinar.

Dr. Reinaldo Ravelli from TRW Law Firm in Brazil introduced the audience to the tax and legal issues of investing in Brazil from five aspects: Brazil's tax system; key tax issues that foreign investors should be aware of when investing in Brazil; repatriation strategies and tax implications; M&A transactions; and impact of tax reform proposals. After the webinar, he also kindly answered the questions raised by participating companies. 

At the webinar, LIDE China and Victwo executed a memorandum of cooperation in a bid to build a professional service platform to help Chinese companies interested in entering the Brazilian market find local partners in Brazil through training, roadshow, matchmaking, etc. The two sides pledged to jointly tap into the Brazilian market and to take the pragmatic cooperation under BRICS to a whole-new level. Moreover, LIDE China also inked a cooperation agreement with Xiamen Dahezhongbang, Xiamen Vangenes BioTech, Fujian Zhongqing Automobile, and Shanghai Qingruo New Energy, which are poised to push into the Brazilian market with the aid of LIDE China and Victwo. This webinar provided an international exchange platform for companies which are already operating in or intend to expand into Brazil, and attracted a massive online audience of roughly 11,000 people from 9 countries, including China, Brazil, Singapore, the United Kingdom, the Netherlands, Germany, Luxembourg, Canada, and the United States. 

This webinar was covered by Fujian TV and Xiamen TV respectively. 

Voices of Participating Companies:  

1. "We have always maintained good partnerships with counterparts from BRICS member states. Brazil is the largest country with a vast construction market in South America. Through the execution of a cooperation agreement, we hope to find more opportunities to establish connections and carry out productive cooperation with local construction companies in Brazil," said Mr. HE Yongkang, founder of Dahezhongbang (Xiamen) Intelligent Technology Co., Ltd. He added that the execution of cooperation agreement marked a brand new start, and they would, in the next step, continue to study the design and construction standards in Brazil, strengthen technical exchanges with Brazilian construction counterparts, and consider the possibility of setting up a joint venture in Brazil with a Brazilian construction company. 

2. "Through the execution of this cooperation agreement, we hope to use our power system to help mining companies in Brazil or other BRICS member states cut production costs, through which we can also introduce our cutting-edge carbon emission reduction technologies into foreign markets," said Mr. CAI Youjian, General Manager of Fujian Zhongqing Automobile Technology Co., Ltd.