Brazil Golden Visa
One of the main reasons why foreign citizens invest in real estate in Brazil is to obtain the so-called Brazil Golden Visa.
Most of the long term visas available in Brazil are cumbersome and demanding. Think about the business investment visa for instance. This visa comes with heavy strings attached. It is conditioned to the success of your business and the existence of traditional employment positions. Trust us: the business investment visa is a visa only a few brave will want to pursue!
The Brazil Golden Visa based on investment in real estate, on the other hand, it is a very straightforward visa. As long as you follow a few clear rules, you quickly get the residency in Brazil.
As of today, you must buy a property worth at least a million reais.
Properties bought in the North or Northeast of Brazil must be only 700 mil reais to qualify.
How you transfer the money is also important since the government will ask for a letter from the Brazilian bank confirming that the money was sent through proper and legal channels.
Having a law firm expert in both the Brazil Golden Visa and the process of purchasing real estate in Brazil is a must.
There is no title insurance and no escrow agents in Brazil. As a consequence the risk of losing your shirt when dealing with real estate is dozens of times higher in Brazil than in the US for instance. On top of that, foreign citizens do not know the local customs and are often targeted by professional scammers.
