Proceeds from the perpetual issue will help reinforce the bank's capital position.
Companies that apply for credit as software and IT services producers will enjoy tax credits and interest rate discounts.
Panama, Saint Lucia and Trinidad & Tobago made the list of 17 non-cooperative tax jurisdictions with many other countries in the region warned they may soon be added.
Santander will take over management of JP Morgan's local funds in Brazil and distribute some of the US investment bank's global funds in the Brazilian market.
An environment of lower interest rates is forcing Brazilian banks to diversify their income streams.