Brazil: Direct investment in Portugal in 2006 totaled US$985 million

8 January 2008

Brasilia, Brazil, 8 Jan – Brazilian direct investment in Portugal totaled US$985 million in 2006, or 12.5 percent more than in 2005, according to figures from the Brazilian central bank.

According to Portuguese news agency Lusa, from 2001 to 2006 Brazilian investments in Portugal totaled US$6 billion.

In 2006, Brazilian investments abroad totaled US$114.175 billion, or a rise of 44 percent year on year, according to the census of Brazilian Capital Abroad (CBE), annually published by the central bank.

The survey, which brings together figures from individuals and institutions with capital of over US$100,000 outside Brazil, said that between 2001 (when research began) and 2006, Brazilian companies and individuals resident in Brazil more than doubled their assets abroad.

According to the survey by the bank, the amount invested in tax havens has stabilized, mainly in the Cayman Islands, the British Virgin Islands and the Bahamas.

In 2006, Brazilians invested in those three areas, respectively, US$20.3 billion, US$10.7 billion and US$9.3 billion.

Other highlights were Bermuda (US$15.1 billion in 2006) and Denmark (US$10.4 billion).

The United States also remained one of the main destinations for Brazilian investment, receiving direct investment of US$4.228 billion in 2006. (macauhub)