Acquiring Residency in Brazil
With all that Brazil has to offer, many visitors fall in love with its people, culture, and natural beauty. There are pathways to obtain permanent residency in this paradise. One such route to residency and eventual citizenship is through property ownership. When a foreign national invests over one million Brazilian reais in property or multiple properties, they and their family become eligible to apply for residency.
As a resident, you have the right to live and work in Brazil, establish a business, and access all public services. After the first four years of temporary residency, the property owner can apply for permanent residency. After an additional four years, they and their family can apply for naturalisation. A Brazilian passport is highly valuable, granting access to 164 countries visa-free or with visa-on-arrival, including destinations such as the United Kingdom, Europe, Japan, South Korea, Russia, and many more. It also makes it easier to obtain a B‑1/B‑2 nonimmigrant visa to the United States for 10 years. A knowledgeable immigration lawyer can guide you through this process.
The Brazilian Property Market
The property market in Brazil is thriving, with prices remaining reasonable compared to European and North American markets, making acquiring a home or building a property portfolio more accessible.
Brazil is one of the best property markets globally for capital appreciation, offering the potential for substantial returns, often exceeding 100% from the planning stage to project completion. Rental yields are also attractive, ranging from 0.5% to 1% of the property’s total value per month, depending on the location. Renting out a property can be highly lucrative during the high tourist season, as Santa Catarina attracts a mix of national and international tourists. Recently, Florianópolis was the 7th most sought-after destination on Airbnb worldwide and the number one destination in Brazil. Whether as a home or a source of income, purchasing property with the guidance of a reputable real estate agent is one of the best investments you can make.
Acquiring property in Santa Catarina, Brazil, can serve as an excellent investment, a fantastic holiday home, or a gateway to a new life in this paradise full of opportunities. At Rocks Investments, we are committed to simplifying the process of purchasing a home for international buyers. With our expertise and partnerships, we can guide you smoothly through the legal process and securely facilitate funds transfer into Brazil. We offer a selection of outstanding properties that qualify for residency. Through our network, we cover all aspects of this exciting and life-changing property purchase process and the prospect of starting a new life in Brazil.
To be eligible for residency through a property purchase, you need to invest a minimum of R$1 million, which is approximately $200,000 USD, £160,000, or €188,000.
Comprehensive legal assistance to acquire residency will cost R$20,000. This fee covers a comprehensive suite of services designed to simplify your visa and residency journey. Our expertise includes visa assistance, meticulous handling of personal documents, due diligence to ensure legal compliance, seamless notary procedure support, assistance with capital internationalization, Central Bank registration, and efficient scheduling with the Federal Police. With our assistance, you can navigate the complexities of visa and residency processes with confidence and ease.
As part of the comprehensive legal services, we offer the best exchange rates for the amount required to buy the property. Since the property visa is an investment visa, it’s crucial to demonstrate that the funds have originated from outside of Brazil for the purpose of acquiring a property.
Additional costs include the property transfer tax, approximately 2%, required to register the property in the name of the buyer.
Low-cost money transfer services are also available, typically charging around 2% of the transferred value. Again, it’s crucial to demonstrate that the funds have come from outside of Brazil for the purpose of acquiring a property since the property visa is an investment visa.
The region offers excellent choices for houses and condos in secure and picturesque locations, near or even on the beach, with fantastic amenities nearby. At Rocks Investments, we have a wide selection of properties, both ready and off-plan, or we can source properties to fit your and your family’s requirements. Please browse our website or get in touch to help us find the best property for you.
Get in touch today to discuss your needs and how we can help you find the right property for you and put you on the path to residency and citizenship here in Brazil.