OBS_VALUE: For local content, the law requires that the content has to be directed by a Brazilian or a foreigner resident in the country for at least three years. A minimum of 2/3 of the cast and the crew (including artists and technicians) must be  Brazilians or a foreigners resident in the country for at least five years (or three years if at least the 40% of the property rights of the works are owned by a Brazilian producer in the case of co-productions).  These limitations are waived if  the work is produced by  a Brazilian produced registered in the ANCINE in co-production with a company coming from a country with which Brazil has signed audio-visual co-production agreements.