Investor Presentaiton
38 How to INVEST in São Paulo
STATES 39
TAX INCENTIVES
With the objective of reducing cost of production and
stimulating the growth of São Paulo's economy, the
state government offers several fiscal incentives
benefitting a wide range of sectors. Below are some
examples:
• Reduction of the rate of the ICMS tax (VAT) levied
on toys, leather goods and shoes, food products
and cosmetics, among others, from 18% to 12%;
• Use by member companies of the São Paulo
System of Technology Parks of ICMS credits granted
until December 31, 2012, or liable to be granted,
for payment of certain products as defined by law;
• The "Pró-Veículo" Program is an investment tax
incentive for automobile manufacturers.
Companies which present projects for investment
in plant expansion and modernization,
construction of new factories, development of new
products or expansion of their businesses in the
state can use ICMS credits granted until December
31, 2012, or liable to be granted, for payment of
certain products as defined by law;
• The "Pró-Informática" Program is an investment
tax incentive for investments by manufacturers of
products for the electronic data processing
industry. Companies which present projects for
investment in plant expansion and modernization,
construction of new factories, development of new
technologies or products or expansion of their
businesses in the state can use ICMS credits granted
until December 31, 2012, or liable to be granted,
for payment of certain products as defined by law;
• The "Pró-Trens" Program is an incentive for the
railway industry which suspends the payment of
ICMS taxes, on the importation of products not
produced in Brazil.
Other tax benefits have also been granted for industries
such as household appliances, wood products (MDF
sheets), furniture and capital goods. All laws granting
tax benefits in São Paulo State can be accessed
on the website of the Finance Secretariat:
www.fazenda.sp.gov.br
BNDES
SOURCES OF FINANCE
The Brazilian Development Bank (BNDES) is an
agency of the Federal Government which provides
long term financing for investments in all areas of the
economy. Support from the BNDES is provided
through the financing of investment projects,
equipment purchases and exportation of goods and
services. The Bank also provides resources to
strengthen the capital structure of private companies
and finances on a non-reimbursable basis projects that
contribute to social, cultural and technological
development.
To learn more, please visit their website at
www.bndes.gov.br
Finep
The Studies and Projects Finance Organization
(Finep), in conjunction with policies of the Ministry of
Science and Technology (MCT), works in all aspects of
the process of innovation. It supports both public and
private research, as well as development projects for
companies of all sizes. Finep's funding is directed to
actions that are strategic, structuring and of high
impact for Brazil's sustainable development.
Financing is provided through public selection and
special programs and can be either non-reimbursable
or reimbursable with special interest conditions.
To learn more, please visit their website at
www.finep.gov.br
Nossa Caixa Desenvolvimento
The development agency of São Paulo State was
founded in March 2009. Its role is to offer support and
incentives, by means of credit lines, to promote the
economic development of small and medium
companies in São Paulo State. These credit lines offer
special, below market interest rates, terms and
conditions for investment and working capital.
To learn more, please visit their website at
www.nossacaixadesenvolvimento.com.brView entire presentation