Technology
The technology sector in Brazil is experiencing continuous growth, having generated over BRL 700 billion in 2023, with even more optimistic projections for 2024 and the coming years. Investments in startups and tech companies are driving the development of innovations such as artificial intelligence, automation, cloud computing, and cybersecurity. As a result, issues related to privacy, information security, and technology regulation are becoming increasingly relevant in the market
Technology
The technology sector in Brazil is experiencing continuous growth, having generated over BRL 700 billion in 2023, with even more optimistic projections for 2024 and the coming years. Investments in startups and tech companies are driving the development of innovations such as artificial intelligence, automation, cloud computing, and cybersecurity. As a result, issues related to privacy, information security, and technology regulation are becoming increasingly relevant in the market
We work with emerging technologies, including artificial intelligence, generative AI, blockchain, and quantum computing. We also provide support in structuring technology-driven businesses, covering medtechs, wearable devices, gadgets, and smart navigation and sustainability solutions. Our cross-industry approach aims to maximize the potential of these innovations, driving digital transformation and enhancing our clients’ competitiveness in the market
We work with emerging technologies, including artificial intelligence, generative AI, blockchain, and quantum computing. We also provide support in structuring technology-driven businesses, covering medtechs, wearable devices, gadgets, and smart navigation and sustainability solutions. Our cross-industry approach aims to maximize the potential of these innovations, driving digital transformation and enhancing our clients’ competitiveness in the market
Our take on the industry
Brazil is among the top ten global players in the technology sector. As a theme closely linked to various other industries, technology is transforming the market and streamlining processes across multiple areas. Key growth trends include software development, cloud computing, artificial intelligence and automation, cybersecurity, data collection and analytics, the digital economy, and user experience (UX), which have also become essential elements in the energy, infrastructure, and life sciences & healthcare sectors.
According to data from the Ministry of Economy, national GDP has been significantly boosted by the technology sector, particularly in the states of São Paulo, Santa Catarina, and Amazonas. With the emergence of new companies and startups, the technology sector contributes to the diversification of the national economy alongside industries such as agribusiness and manufacturing.
From a regulatory perspective, the sector faces a dynamic and constantly evolving environment. Companies must comply with complex requirements under laws such as the General Data Protection Law (LGPD), the Internet Civil Framework, the Innovation Law, and other sector-specific regulations at both national and international levels. This includes obtaining licenses, operational authorizations, and maintaining proper engagement with regulatory authorities such as the National Data Protection Authority (ANPD), the National Health Surveillance Agency (ANVISA), and the National Health Agency (ANS), among others.
The rapid introduction of new technologies in the Brazilian market, such as OpenAI, interconnected SaaS security, Big Data, and blockchain, requires the adoption of specialized commercial and regulatory practices to mitigate risks. Legal support for investors, companies, and startups is therefore essential to enable business growth while ensuring full compliance with applicable laws.
Government support and a robust research environment provide an optimistic outlook for the future. Policy initiatives promoting innovation and harmonized regulation can position Brazil as a global leader, driving economic diversification and sustainable development in the technology sector. With the right strategies, Brazil has the potential to further strengthen its standing in this dynamic and rapidly evolving industry.
Our take on the industry
Brazil is among the top ten global players in the technology sector. As a theme closely linked to various other industries, technology is transforming the market and streamlining processes across multiple areas. Key growth trends include software development, cloud computing, artificial intelligence and automation, cybersecurity, data collection and analytics, the digital economy, and user experience (UX), which have also become essential elements in the energy, infrastructure, and life sciences & healthcare sectors.
According to data from the Ministry of Economy, national GDP has been significantly boosted by the technology sector, particularly in the states of São Paulo, Santa Catarina, and Amazonas. With the emergence of new companies and startups, the technology sector contributes to the diversification of the national economy alongside industries such as agribusiness and manufacturing.
From a regulatory perspective, the sector faces a dynamic and constantly evolving environment. Companies must comply with complex requirements under laws such as the General Data Protection Law (LGPD), the Internet Civil Framework, the Innovation Law, and other sector-specific regulations at both national and international levels. This includes obtaining licenses, operational authorizations, and maintaining proper engagement with regulatory authorities such as the National Data Protection Authority (ANPD), the National Health Surveillance Agency (ANVISA), and the National Health Agency (ANS), among others.
The rapid introduction of new technologies in the Brazilian market, such as OpenAI, interconnected SaaS security, Big Data, and blockchain, requires the adoption of specialized commercial and regulatory practices to mitigate risks. Legal support for investors, companies, and startups is therefore essential to enable business growth while ensuring full compliance with applicable laws.
Government support and a robust research environment provide an optimistic outlook for the future. Policy initiatives promoting innovation and harmonized regulation can position Brazil as a global leader, driving economic diversification and sustainable development in the technology sector. With the right strategies, Brazil has the potential to further strengthen its standing in this dynamic and rapidly evolving industry.
Opportunities
- Transversality of the sector
- Brazil as one of the largest players in the world
- Growing investments in companies in the technology sector
- Integration of technological solutions and systems and improvement in process efficiency
- Generative artificial intelligence and quantum computing
- Information security and cybersecurity as key elements in the current political and economic scenario
- Public investments in the technology sector
- Sustainability and green economy
- Medtech solutions are expanding rapidly
Challenges
- Regulatory vacuum
- Exponential growth of technologies without planned structuring
- Competitiveness
- Economic volatility
Macrotrends
- Digitization of relationships and digital capacity building
- Data infrastructure and connectivity
- New security technologies for data protection and privacy to mitigate cyber risks
- Accelerated growth in software development
- Artificial intelligence
- Automation
- Cloud data storage
- Data processing
- Sectoral integration
- Sustainability and green economy
- Medtech solutions are expanding rapidly
Work Highlights
Identifying opportunities and challenges in the emergence of new technologies
We provide strategic consulting to clients to identify business opportunities in the technology sector, as well as regulatory barriers and impacts of new technologies in the client’s sectors of activity, such as artificial intelligence and automation in agribusiness and sustainability
Investments in technology companies and startups, Emerging Growth & Venture Capital
We offer specialized support in mergers and acquisitions (M&A) and Emerging Growth & Venture Capital operations, advising investors, companies, and startups in the technology sector. Our work spans from the beginning of negotiations (including drafting and negotiating confidentiality agreements and memoranda of understanding) to conducting legal due diligence on the target and closing the transaction, ensuring client protection at every stage of the process
Drafting and negotiation of commercial contracts
We provide legal support in drafting, reviewing, and negotiating standard commercial contracts in the technology sector, such as licensing agreements, software development agreements, and service contracts. Our support includes a multidisciplinary analysis of contractual relationships, ensuring that the client is protected in light of new regulations and legal requirements, including corporate, regulatory, labor, and tax aspects
Regulatory analysis of new technologies and compliance policies
We assist clients in identifying effective policy and compliance solutions and in developing regulatory strategies to mitigate regulatory risks and maintain competitiveness, as well as aligning the client’s business with changes in the technology sector
Tax planning and analysis of structures from a fiscal perspective
We advise clients on the most efficient tax structure for the development of their businesses. Our services cover both direct and indirect taxes, emphasizing analysis of company operations, both domestic and international. Our objective is to define strategies that promote tax burden reduction and risk mitigation, taking into account not only current tax legislation but also potential changes that may impact the sector
FPSO contracting and operation
We provide legal advice on all matters related to the contracting and operation of FPSOs, including contract negotiations and tenders, project structuring, regulatory and tax support, financing, and obtaining environmental licenses and authorizations from competent authorities such as the Brazilian Navy. Our experience includes legal advice to a global market-leading vessel owner in Petrobras tenders for the charter and operation of FPSOs; to an energy services and solutions provider in a Petrobras tender for FPSO charter to operate in the Libra, Tartaruga Verde, and Mestiça fields; among others
Litigation and Arbitration
We assist clients in resolving complex disputes, both in arbitral tribunals, judicial courts, and administrative proceedings. Our experience includes legal advice to FPSO construction companies and operators in disputes exceeding USD 700 million, in arbitrations and litigation before the Rio de Janeiro State Court against Petrobras for contractual economic-financial rebalancing and contractual penalties
Work Highlights
Identifying opportunities and challenges in the emergence of new technologies
We provide strategic consulting to clients to identify business opportunities in the technology sector, as well as regulatory barriers and impacts of new technologies in the client’s sectors of activity, such as artificial intelligence and automation in agribusiness and sustainability
Investments in technology companies and startups, Emerging Growth & Venture Capital
We offer specialized support in mergers and acquisitions (M&A) and Emerging Growth & Venture Capital operations, advising investors, companies, and startups in the technology sector. Our work spans from the beginning of negotiations (including drafting and negotiating confidentiality agreements and memoranda of understanding) to conducting legal due diligence on the target and closing the transaction, ensuring client protection at every stage of the process
Drafting and negotiation of commercial contracts
We provide legal support in drafting, reviewing, and negotiating standard commercial contracts in the technology sector, such as licensing agreements, software development agreements, and service contracts. Our support includes a multidisciplinary analysis of contractual relationships, ensuring that the client is protected in light of new regulations and legal requirements, including corporate, regulatory, labor, and tax aspects
Regulatory analysis of new technologies and compliance policies
We assist clients in identifying effective policy and compliance solutions and in developing regulatory strategies to mitigate regulatory risks and maintain competitiveness, as well as aligning the client’s business with changes in the technology sector
Tax planning and analysis of structures from a fiscal perspective
We advise clients on the most efficient tax structure for the development of their businesses. Our services cover both direct and indirect taxes, emphasizing analysis of company operations, both domestic and international. Our objective is to define strategies that promote tax burden reduction and risk mitigation, taking into account not only current tax legislation but also potential changes that may impact the sector
FPSO contracting and operation
We provide legal advice on all matters related to the contracting and operation of FPSOs, including contract negotiations and tenders, project structuring, regulatory and tax support, financing, and obtaining environmental licenses and authorizations from competent authorities such as the Brazilian Navy. Our experience includes legal advice to a global market-leading vessel owner in Petrobras tenders for the charter and operation of FPSOs; to an energy services and solutions provider in a Petrobras tender for FPSO charter to operate in the Libra, Tartaruga Verde, and Mestiça fields; among others
Litigation and Arbitration
We assist clients in resolving complex disputes, both in arbitral tribunals, judicial courts, and administrative proceedings. Our experience includes legal advice to FPSO construction companies and operators in disputes exceeding USD 700 million, in arbitrations and litigation before the Rio de Janeiro State Court against Petrobras for contractual economic-financial rebalancing and contractual penalties