Brazilian President Jair Bolsonaro signed a provisional measure to foster entrepreneurship through reduced levels of bureaucracy at the end of April 2019, with aims to increase entrepreneurship and startup creation by eliminating limitations, roadblocks, paperwork and costs involved in starting a business. 

These are some of the key principles behind the policy:

• Freedom from bureaucracy: there won't be any prior authorization for starting low-risk economic activities.

• Freedom to work and produce: if they don't violate labor rights, startups will be able to work and generate income whenever they find most convenient.

• Freedom to define prices: startups can fix and fluctuate their own prices based on market conditions of supply and demand.

• Freedom from arbitrariness: tax arrangements will be equal for all citizens.

• Freedom to innovate: officials will review old laws to remove regulations impeding the development of new technologies. no permits will be necessary to test, develop or implement new low-risk products.

• Freedom to digitize: Startups can scan and discard all paperwork to diminish storage costs.

• Freedom to grow: It will be easier for small and medium-sized companies to access public markets, meaning Brazilian startups won't need to IPO abroad.

• Freedom to undertake: judicial decisions cannot disregard legal personality unless there's proof of bad faith from the entrepreneur. Regulators won't be able to go beyond the limits to harm entrepreneurs, causing undue economic distortions.

The measure is in a bid to reduce regulations and bureaucracy for individuals to start high-growth businesses, so it will probably propel Brazil's economy and tech industry.