webleads-tracker

MENU
Practice SIMON Associés SIMON Avocats Network International Team International Network Algeria Armenia Azerbaijan Bahamas Bahrain Belgium Bolivia Brazil British Virgin Islands Bulgaria Cambodia Cameroon Chile China Colombia Costa Rica Cyprus Dominican Republic DR Congo Egypt El Salvador Estonia Guatemala Honduras Hungary India Indonesia Iran Italy Ivory Coast Luxembourg Malta Mauritius Island Morocco Nicaragua Oman Paraguay Peru Portugal Senegal Singapore South Korea Thailand Tunisia United Arab Emirates United States of America Venezuela Our websites Search Reference work Africa Americas Asia Focus China Caspian Region Europe MENAP Medias Contact Newsletter
SUIVEZ NOUS SUR
Simon International
simon associés simon associés
Home >Americas

BRAZIL - Immigration – Real Estate

The National Immigration Council issued on November 22, 2018, its Normative Resolution No. 36, approved on October 09, 2018, which regulates the granting of residency permit to foreigners that purchase urban real estate in Brazil.
The National Immigration Council issued on November 22, 2018, its Normative Resolution No. 36, approved on October 09, 2018, which regulates the granting of residency permit to foreigners that purchase urban real estate in Brazil.

Following similar initiatives of other nations, Brazil will allow citizens of any country to become resident through the purchase of real estate in urban areas, built or under construction, in the amount equal to or greater than one million Brazilian reais (BRL 1,000,000.00) (approx. EUR 160,000 as of Dec 03, 2018). Such minimum investment must be made with the use of own funds transferred from abroad. The amount of the investment may be of seven hundred thousand Brazilian reais (BRL 700,000.00) (approx. EUR 228,000 as of Dec 03, 2018) when the real estate is purchased in the North or Northeast regions of the country.

The foreigner may meet the requirement of the investment through the purchase of more than one property, provided that total investment is equal to or greater than BRL 1 million, or through co-ownership, provided that each co-owner invests the minimum amount. In such cases will also be applied the reduction for investments in the North and Northeast regions.

The residency will initially be granted for up to two (2) years and may be renewed or converted for an indefinite period of time, provided that the ownership of real estate is maintained and subject to conditions of the specific regulation. The foreigner will be required to stay in the Brazilian territory after the residency permit is granted for at least thirty (30) days, counted from his/her registration before the Brazilian Federal Police.

Other articles

BRAZIL - Ultimate Beneficial Owners ("UBO")

- Vu : 198
Further to the obligation imposed by Normative Ruling IRS Nº 1,634/2016, the final deadline to submit information regarding Ultimate Beneficial Owners ("UBO") of international chain of investments with assets in Brazil, shall be complied with by December 31, 2018 latest. > Read more

New Partnership with Estudio Muniz in Peru

- Vu : 164
Simon Associés signed a transnational cooperation agreement with Estudio Muniz in Peru.   The Firm, founded in 1981, relies on a team of professionals highly specialized in ... > Read more


Most viewed...
A window on the post-13th National People's Congress and on the 2018 Edition of the BOAO Forum
5 juillet 2018 - Vu : 1181
The 13th National People's Congress of China (NPC) and the 13th National Committee of the Chinese People's Political Consultative Conference (CPPCC) ...
> Read more
Simon Associé present at the 5th Overseas Investment Forum organized by Yingke
13 octobre 2017 - Vu : 1091
Lara BOURSIER participates in two round tables during the 5th Overseas Investment Forum organized by Yingke on October ...
> Read more
SIMON Associés and YINGKE Partners welcome NCB President, Mrs Christiane Féral-Schuhl, in Beijing
11 janvier 2018 - Vu : 871
In the context of the first official visit of French President Macron in China, SIMON Associés and YINGKE ...
> Read more
Lara Boursier, interviewed by Global Retail News, gives advice to foreign brands wanting to set up shop in China
18 octobre 2017 - Vu : 512
 In this interview Lara Bousier gives advice to foreign brands wanting to set up shop there, talks about the legal ...
> Read more
Copyright ©2017 Simon International | Creation and realisation by Webcd©