Living and Working in Brazil Permanently - Investor Program

The foreign direct investment - IED, defined as foreign participation in the social capital of companies in the country, have mandatory registration with the Brazilian Central Bank , established by Law 4.131/62 and 11.371/06. The record of IEDs, the liability of companies and investors receiving non-residents, is done directly in Sisbacen - Information System of Central Bank www.bcb.gov.br/?SISBACEN Source: Brazilian Central Bank
The best option that we used was to qualify under the investor program
Listed below are the details on the laws concering this are they can be a usfull first step in understanding what you need to do to qualify for this
Brazil's National Immigration Council (NIC) issued Resolution 60/04 on October 6, 2004, which supersedes Resolution 28 of November 25, 1998, with respect to the issuance of permanent visas to alien investors in Brazil. With this newer rule, the amount of an investment needed for obtaining a permanent residency in Brazil was lowered to US$50,000 and this has now become the easiest and fastest way of getting residency in Brazil.

You can obtain a permanent residency in Brazil, by investing the minimum amount of US$50K in, for example, a piece of real estate, such as a rental apartment or flat or even by opening a small business, such as a restaurant.

Under this new Resolution, a permanent visa allows a foreigner to live and work in Brazil with the purpose of investing his or her own foreign funds in productive activities or investing in existing activities in Brazil.

Under the new rules, a permanent visa can be obtained by a foreigner when the following conditions are met:

a minimum investment of US$50,000, from individual resources in productive activities; the investment can be made into his or her newly opened company or in an already existing business.

The procedure is pretty easy for a foreigner; the documentation needed is basically a Power of Attorney, copy of passport, and proof of address in native country.

This is how it works: usually, a corporation is opened for the applicant in his name - as the owner and subsequently a bank account will be opened. Afterwards, a registration takes with Banco Central do Brasil and the minimum amount of US$50,000 is authorized to be wired from the investor's account abroad to his new corporate account. It is worth mentioning that when you transfer the money from your bank through the Central Bank of Brazil aka Banco Central to your own bank account in Brazil, that the money remains yours and stays with you at your disposal at all times and under your sole control.

I think it is worth adding about the new bank acc the money stays with you at sole control, I dont believe this to be correct so please clarify more, You need a Brazilian resident to act as your business administrator to open your business and account at least until your Visa is complete and you are in Brazil, this naturally gives the admistrators powers to your account and money, so it is very important that you restrict the powers of the admistrator for your bank acc through your lawyer i.e DEFINATLY specify in a contract that the adminstrator cannot sign cheques above a small amount and limit this to a time period until your visa is complete and ready in Brazil.

be very very careful who you allow to administrate your company, and how. As regards tax a company can opt for a scheme that charges taxes on the sales revenue (I think 3 taxes in all totalling around 6.5%), and the remainder is free to be distributed to the shareholders, and can be repatriated as well. We need a Brazilian tax expert to go through what are the best options for different scenarios, given that most people opt for a company as the easiest route to residency, and then that company has little or no trade. Where the trade is say a hotel or restaurant the best option may be totally different to a business which owns land and will develop it and sell the properties.

Once this has been completed, Banco Central do Brasil will issue a certificate. With that certificate your visa application will be filed in Brazil, approved, issued and sent to any Brazilian Consulate abroad, as per your request, so your passport can be stamped.

Compared to other Central America Residency Investor Programs, there is no comparison it is much simpler. Central American countries like Costa Rica charge US$50,000 to obtain a second residency, but the investment goes to government tree planting projects that you have no control over and it is doubtful that you will ever receive a penny of profit they make Consider it a donation to them.

Freedom to choose your investment, you can choose your own investment. It could vary a lot, from a plot of land to new businesses. Most foreigners, usually those who are already purchasing land or a house, take advantage But here are some direct examples

Holiday flat. It might be a great idea for you to invest your money, where you could spend your vacations and lease it out while you are not there; Flats in Pipa. Low Property prices, equity, non-management needs, and good monthly income make these a great investment opportunity.

There are many reasons to choose the Investment Program path, some of the reasons for this are
1. The ability for applicant to work in their own business.
2. Minimum amount of time required per year to be here.
3. The fact that the program is encouraged and pre-approved by the government.
4. Unrestricted. Applicant and family members may apply and work at any endeavor.
5. Includes entire family including spouse and children up to 18 years.
6. Brazilian Citizenship and Passport possible in only 4 year's time.
7. Favorable Tax and Extradition laws.
8. No personal appearance in Brazil is required for processing. You will pick up the Permanent Visa at the Brazilian embassy or consulate in your home country and then you will enter Brazil with the "Resident Investor Status".
9. It is good for 5 years and takes 60 days for a permanent visa to be issued.
10. You do NOT have to remain in Brazil during your residency. You can visit for as little as a few days every two years.
11. If you are single, a Brazilian Citizenship and Passport is possible after only one year of marriage to a Brazilian citizen.
12. A Resident Investor has almost all rights of a Brazilian Citizen except political. You can not vote or get politically involved.

Al that said, there is no other program that offers a faster and better cost and benefit ratio for a foreigner than the US$50K Investment Residency Program so think hard about what you do
We work with Ilton so he can help you out with anything you need even what fruits to plant in your new garden Residency If you are becoming a resident of Brazil, there are a number of choices available. Here are some of the more common visas: The retiree’s visa may be best if you are already receiving a pension. Although it’s aimed at retirees, there is no restriction on age as long as you have an income. The income requirement is $2,000 per month, which covers the applicant and one dependent. Each additional dependent requires another $1,000 monthly. The investor’s visa calls for an investment of $50,000 in a Brazilian company, which may be an entity that you’ve set up just for this purpose. The $50,000 could be for a home, and I have one friend who even bought a Land Rover to meet the requirement. Brazil also offers a health visa, for those whose health would benefit from living there. It’s intended for people who need warm weather and clean coastal air due to respiratory problems. To qualify, you must have the medical condition certified by a doctor and the means to support yourself, although the exact income level is not specified.

The ability for applicant to work in their own business. Minimum amount of time required per year to be there The fact that the program is pre-approved by the government Unrestricted. Applicant and family members may work at any endeavor. Favorable Tax and Extradition laws Includes entire family including spouse and children up to 18 years old. Passport possible in a reasonable period of time. Cost as little as $25,000 per family member, (family of four.) "Resident Investor Status" through this Program. Your personal appearance in Brazil is required for a two to 4 weeks for processing. You will be met at the International Airport in Brazil and walked through the entire process, from start to finish .Basically our residency experts hold your hand step by step until you receive your residency certificate and all legal documents. Unlike other Brazilian residency programs which restrict you and your family to certain areas of Brazil, our program offers residency anywhere in Brazil for applicant and family. You choose when, where and how you live and work in Brazil. After 4 years you and your family can apply for citizenship and passport/s. In addition you do NOT have to remain in Brazil during your residency. You can visit for as little as a few days every two years. If you are single a passport is possible after one year and marriage to a Brazilian citizen. Length of time for the application: Upon receipt of the correct documents we anticipate a four to six week period for completion. Please note while application is being processed, a receipt from immigration stating paper work is being processed is all that is required for applicant to remain in country. A Resident Investor has most of the rights of a Brazilian Citizen except political. He can not vote or get politically involved. If the applicant chooses to become a citizen he may choose to apply for citizenship after 4-year residency in the Country. Requirements to become a citizen.

Climate

Although most of Brazil lies in the tropics, more than 60 percent of the population live in areas which are cooled either by altitude, sea winds or polar fronts. While the coastal cities of Rio de Janeiro, Recife and Salvador can get extremely hot, plateau cities such as São Paulo, Brasília and Belo Horizonte have mild climates, and the southern cities of Porto Alegre and Curitiba have a climate similar to that of southern Europe.
Despite the popular image of the Amazon as a region of blistering heat, temperatures of more than 32°C (90°F) are in fact rare. The annual average temperature in the region is 22-26°C (72-79°F), with not much variation between the warmest and the coldest months. The hottest part of Brazil is the northeast, where temperatures of more than 38°C (100°F) are frequently recorded during the dry season between May and November. Along the Atlantic coast from Recife to Rio de Janeiro, average temperatures range from 23 to 27°C (73-81°F). Inland, on higher ground, temperatures are lower, ranging from 18 to 21°C (64-70°F). South of Rio the seasons are more defined and the range of temperatures significantly wider, with the anuual average falling between 17 and 19°C (63-66°F).
Brazil's most intense rain falls around the mouth of the Amazon near the city of Belém, and also in the upper regions of Amazonia where more than 2,000 millimetres (78 inches) of rain fall every year. Most of Brazil has moderate rainfall of between 1,000 and 1,500 millimetres (39 to 59 inches) a year, most of it coming between December and April. The driest part of the country is the northeast, where rainfall is irregular and the evaporation rate very high, making it difficult to grow crops.