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Tuesday, January 31, 2023

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Do you want to be a stock market operator? B3 launches program for non-residents

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B3 renews the incentive program for new non-resident operators until the end of 2023, aiming to encourage foreign investors to participate in the stock exchange (Image: Reuters/Amanda Perobelli)

Have you ever thought about working at brazilian financial market? THE B3 opens up an opportunity for foreigners.

In a statement released this Tuesday (24), B3 said it will renew the incentive program for new operators non-residents. The 2023 cycle is valid until the end of this year.

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According to B3the program aims to encourage operators associated with companies headquartered abroad, who do not have experience in markets domestic.

The rule is clear

Therefore, participants must be registered and work with firms that operate exclusively with their own funds, in accordance with current Brazilian legislation and regulations, relating to non-resident investors.

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To this end, exemptions from fees and emoluments will be granted in transactions with listed contracts (derivatives and spot shares) through deductibles points to operators.

Also, there are some eligibility rules as well as the eligible products. Deadlines, calculation conditions and pricing policy are also set out in the program’s regulations.

Check out the program launched by B3:

Source: Moneytimes

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