Beni FlintSócio
Technology
Brazil's technology sector is in constant growth, having generated more than 700 billion reais in 2023, with even more optimistic prospects for 2024 and the years that follow. Investments in startups and technology companies have driven the development of innovations such as artificial intelligence, automation, cloud and cybersecurity. As a result, matters related to privacy, information security and technology regulation are becoming increasingly relevant in the market
Brazil's technology sector continues to expand steadily, consolidating itself as one of the main drivers of the digital economy. In 2025, the technology macro-sector may have surpassed the R$800 billion revenue mark, considering the historic result of R$760 billion in 2024 and an estimated annual growth between 6% and 8%. For 2026, projections remain favorable, supported by increased investment in artificial intelligence, cloud computing, cybersecurity and data-driven solutions, as well as by the growing demand for digital transformation across various economic sectors. In this context, the relevance of legal matters related to data protection, information security, digital governance and regulatory compliance intensifies, requiring specialized advice for the proper mitigation of risks and the structuring of operations in an increasingly complex and dynamic regulatory environment. We work with emerging technologies, including artificial intelligence, generative artificial intelligence, blockchain and quantum computing. We also provide support in structuring technology-based businesses, encompassing medtechs, wearable devices, gadgets and smart navigation and sustainability solutions. Our multi-sector approach aims to maximize the potential of these innovations, driving digital transformation and strengthening our clients' market competitiveness
Our view on the industry
Brazil is among the top ten players in the global technology sector. As a theme adjacent to many other sectors, technology has been transforming the market and streamlining processes in various areas. Among the main growth trends of the sector are efforts focused on software development, cloud, artificial intelligence and automation, cybersecurity, data collection and analysis, the digital economy and user experience (UX), which have also proven to be key elements in the energy, infrastructure and life sciences and healthcare sectors.
According to data from the Ministry of Economy, the national GDP was largely boosted by the revenue of the technology sector, notably in the States of São Paulo, Santa Catarina and Amazonas. With the emergence of new companies and startups in the sector, technology's contribution helps diversify the national economy alongside sectors such as agribusiness and industry.
On the regulatory front, the sector faces a dynamic and constantly changing landscape. This challenge requires technology companies to meet the complex compliance requirements imposed by the General Data Protection Law (LGPD), the Brazilian Civil Rights Framework for the Internet, the Innovation Law and other sector-specific regulations, at both the national and international levels, following the appropriate licensing processes, operational authorizations and interaction with regulatory authorities, such as the National Data Protection Authority (ANPD), the National Health Surveillance Agency (ANVISA), the National Health Agency (ANS), among others.
The abrupt arrival of new technologies in the national market, such as OpenAI, Interconnected SaaS Security, Big Data and blockchain, demands the adoption of specific commercial and regulatory practices to mitigate risks. Legal support for investors, companies and startups in the technology sector is therefore essential for business development with proper compliance with legal requirements.
Government support and a robust research environment offer an optimistic outlook for the future. Policy initiatives that promote innovation and harmonized regulation can position Brazil as a leader in the global market, stimulating economic diversification and the sustainable development of the technology sector. With the right strategies, Brazil has the potential to stand out even further in this sector.
On the regulatory front, the sector faces a dynamic and constantly changing landscape. This challenge requires technology companies to meet the complex compliance requirements imposed by the General Data Protection Law (LGPD), the Brazilian Civil Rights Framework for the Internet, the Innovation Law and other sector-specific regulations, at both the national and international levels, following the appropriate licensing processes, operational authorizations and interaction with regulatory authorities, such as the National Data Protection Agency (ANPD), the National Health Surveillance Agency (ANVISA), the National Health Agency (ANS), among others.
- Cross-cutting nature 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 improved process efficiency
- Generative artificial intelligence and quantum computing
- Public investments in the technology sector
- Sustainability and the green economy
- Medtechs
- Regulatory vacuum
- Exponential growth of technologies without planned structuring
- Competitiveness
- Economic volatility
- Digitalization of relationships and digital upskilling
- Data infrastructure and connectivity
- Accelerated growth in software development
- Artificial intelligence
- Automation
- Cloud data storage
- Data processing
- Sector integration
Work Highlights
Identifying opportunities and challenges in the emergence of new technologies
We provide strategic consultancy to the client to identify business opportunities in the technology sector, as well as regulatory barriers and the impacts of new technologies in the client's areas of activity, such as artificial intelligence and automation in agribusiness and sustainability
Investments in technology companies and startups, Emerging Growth & Venture Capital
We provide specialized support in mergers and acquisitions (M&A) and Emerging Growth & Venture Capital transactions, advising investors, companies and startups in the technology sector. Our work spans from the outset of negotiations (with the drafting and negotiation of confidentiality agreements and memoranda of understanding) through to conducting the target's legal due diligence and closing the transaction, ensuring protection for the client at every stage of the process
Drafting and negotiation of commercial contracts
We provide legal support in the drafting, review and negotiation of commercial contracts common in the technology sector, such as licensing agreements, software development, service provision, among others. Our support includes a multidisciplinary analysis of contractual relationships, ensuring that the client is protected in the face of new regulations and legal requirements, including from a corporate, regulatory, labor and tax perspective
Regulatory analysis of new technologies and compliance policies
We advise clients on identifying effective policy and compliance solutions and identifying regulatory strategies for mitigating regulatory risks and maintaining competitiveness, as well as aligning the client's business with changes in the technology sector
Tax planning and analysis of structures from a tax perspective
We advise clients on planning the most efficient tax structure for the development of their business. Our services cover both direct and indirect taxes, with emphasis on the analysis of the company's operations, both domestic and international. Our objective is to define strategies that promote the reduction of the tax burden and the mitigation of risks, taking into account not only the current tax legislation but also possible changes that may impact the sector
Contracting and operation of FPSOs
We provide legal advice on all matters related to the contracting and operation of FPSOs, such as contractual negotiations and bids, project structuring, support on regulatory and tax matters, financing, obtaining environmental licenses and authorizations from competent authorities such as the Brazilian Navy. Our experience includes legal advice to a vessel owner that is a global market leader in Petrobras bids for the chartering and operation of FPSOs; to an energy services and solutions provider in a Petrobras bid for the chartering of an FPSO to operate in the Libra and Tartaruga Verde and Mestiça fields; among others
Litigation and Arbitration
We assist our clients in resolving complex disputes, in arbitral and judicial courts and in administrative proceedings. Our experience includes legal advice to FPSO builders and operators in disputes exceeding USD 700 million, in arbitrations and litigation before the Court of the State of Rio de Janeiro against Petrobras for contractual economic-financial rebalancing and contractual penalties
Areas of Practice
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