Brazil — Historical Events Description

Brazil flag
Brazil
Event
Rural Land Purchase Law for Foreigners
Category
Political
Date
1971-10-07
Country
Brazil
Description

Brazil enacted Law No. 5,709, which set rules for the acquisition of rural land by foreigners residing in Brazil and by foreign legal entities authorized to operate in the country. The law established limits and conditions intended to protect national interests in land ownership and territorial control. It required oversight and compliance steps for registrations and approvals in covered cases. The statute became a long-standing legal reference in debates about foreign investment and land policy.