OBS_VALUE: The acquisition of real estate in Brazil’s urban areas is open to foreigners except properties in border areas (authorization from the National Security Council required). Federal Government owned real estate may not be acquired by foreigners without the prior permission of the President of the Republic. Regarding the purchase of rural lands, foreigners (individuals and companies) can only acquire properties with an area up to 50 indefinite exploration modules (MEI). MEI varies from 5 to 100 acres, depending on the municipality. Brazilian companies controlled by foreign nationals need prior approval from the government to complete a purchase. Law 5709/1971 has been amended on 07/04/2020 in order to eliminate restrictions on the acquisition and use of land and real estate in specified cases.