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In its efforts to increase foreign investment in Brazil, the government has introduced the Brazilian Investment visa. The Visa has the following criteria: -then investment of at least R$ 150,000 which is approximately USD$ 75,000 into a Brazilian Company -that company must display the intention to employ local Brazilians as part of its business plan. So how does this Brazilian Investment visa work in reality and what can it be used for? Many individuals enquire if the investment visa can be used for the purchase of Brazilian real estate as well as for living in Brazil. The simple answer is yes it can be as there are no set restrictions on what you can use the money for once you have to introduce get into your Brazilian Company. As a result you can use the funds to purchase a real estate and the company name as such use your real estate investment as a device to obtain a Brazilian Investment visa. Your company will still need to supplement a viable business plan demonstrating the employment of local Brazilian workers. So let us now look at the basic steps involved in obtaining this Brazilian Investment visa. -firstly a company will be registered in your name with you as the major shareholder and a bank account will be opened for your company. There are several restrictions in relation to operating a Brazilian Company but we will not cover these in this article and if you wish any further information on how Investment Services Brazil resolves this for you please contact them. -secondly, its Investment Services Brazil will prepare for your business a suitable business plan that meets the criteria required by Brazilian immigration to grant the investment visa. Your business is free to carry on activities outside of this business plan so long as it can demonstrate that its intention is to ultimately provide employment for Brazilians and that its minimum capital requirement remains whether in Brazil. Of course you can repatriate this capital later but should the capital fall under the threshold your visa would be subject to reconsideration. -the next step is the introduction of your foreign capital into your Brazilian Company. Investment Services Brazil will ensure your foreign capital is correctly registered through Banco Central so that it may be considered by immigration as foreign capital and equally as important, it can be repatriated when you wish to do so. This also includes the ability for you to repatriate profits that are as a result of activities carried out by this seeded capital. -once the above is in place, for the next step is to submit your visa application along with the business plan, correct identification and banking and corporate documentation. The process will normally take between 60 and 90 days after which time the visa can be collected from any Brazilian embassy outside of Brazil. Generally this should be the Brazilian embassy in your country of residence. -at this point you are entitled to reside within Brazil, to work and to carry out business including the purchase of Brazilian Real Estate. Of the above process may look somewhat complicated and truth is that work in the Brazilian bureaucratic system it is indeed a very involved process. However Investment Services Brazil will carry out all of these varied tasks on your behalf to ensure that the Brazilian Investment visa process is as simple and as effective as can be for you. Investment service Brazil provides legal and logistical services for foreign investor buying real estate in Brazil. Contact us for more information on brazil real estate.
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Brazilian Investment visa, brazil real estate,
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