Good morning! The government moves to reduce red tape and bureaucracy. The real reason to oppose the pension reform bill.
Brazil changes regulations to increase competition
Just before the Labor Day holiday, President Jair Bolsonaro signed a provisional decree to reduce bureaucracy for businesses. These measures are issued by the president’s office and hold the same value as laws. They are effective immediately but Congress must confirm them within 120 days, or they lose their validity. We break down the main changes in Brazilian bureaucracy for you:
- All physical documents can be digitized—and later discarded.
- Companies will be allowed to set the prices they want. Dropping fees can no longer be considered as “predatory competition.”
- Companies engaging in low-risk activities no longer need to get permits (safety, sanitary, and environmental) to operate. Companies testing new products that are not hazardous will also be exempt.
- Regulators will not be allowed to inconsistently interpret norms. Permit processes will also have an established deadline—if regulators don’t respond in time, the permit will be granted, under the argument that ‘silence is consent’.
- Brazilian companies will face an easier process...