Most recent posts in ‘Investing in Brazil’

August 12, 2023

Brazil is one of the main destinations when it comes to foreign citizens looking for a place to work remotely, retire, or simply enjoy.

Why Brazil?

Brazil stands out as a top destination for digital nomads because of its rich cultural tapestry influenced by indigenous, African, and European heritages. This vibrant culture offers a chance to attend globally recognized events like the Carnival and bask at some of the world’s most breathtaking beaches. Beyond its cultural allure, Brazil’s cost of living is notably lower than many countries, making daily expenses more affordable for digital nomads. The combination of culture, scenic beauty, and affordability makes Brazil an enticing destination, with many nomads later choosing to establish permanent residency.

Brazil’s allure for digital nomads isn’t just cultural. The country is recognized for its natural wonders, including iconic landmarks like the Iguaçu Falls and the Christ the Redeemer statue. Its tropical climate promises warm weather year-round, ideal for outdoor enthusiasts. Brazil’s economic stature as the world’s 9th largest economy presents numerous business opportunities. Additionally, the cost of living, when compared to western countries, is relatively low, offering a comfortable lifestyle. This includes affordable educational institutions, a robust quality of life marked by friendly locals, delectable cuisine, and a lively nightlife. However, like any destination, potential challenges and cultural differences warrant thorough research before deciding to relocate.

The Challenge

While it is not difficult to secure a 90-day stay in the country if you are from a developed country, staying for an year or more is a different story.

Long-term stay in Brazil will depend on a visa or residency authorization based on something other than just your love for Brazil.

First Worst Route: Residency by Marriage

We joke that securing residency in Brazil based on marriage is usually the most expensive route possible. We obviously do not recommend that anyone entertain the possibility of marrying a Brazilian just for the sake of securing residency. Getting entangled in a marriage should be justified only if you are 1,000% sure that you are marrying a person to stay for the rest of your life. So, unless this boat has already sailed, meaning you are ALREADY married, stay away from this route.

Second Worst Route: Investment in a Business

The second worst route to secure residency in Brazil is the investment in a business. While there will always be those who can run a successful business no matter where they are, the fact is that Brazil’s anachronic tax system and an even worse labor law framework will make most entrepreneurs puke. Not kidding; it is that bad! To avoid people coming after us with sticks in their hands deservedly a couple of years down the road, we absolutely will not handle the investment visa based on investment in a Brazilian company – no matter how much we are paid.  

Now that we have these out of the way, let’s talk about the three main paths we DO advise here at the firm:

  1. Permanent residency by investing in real estate
  2. Digital Nomad Visa
  3. Retirement visa

1. First Best Route: Investment in Real Estate

Investing in real estate is one of safest – if not the safest of all – routes to invest your money. Granted that you will not become a billionaire overnight. Return rates are average and it is easy to find more attractive return rates elsewhere. This said, when you are getting started in another country commonsense should drive you to play safe.

There is a saying that “Brazil is not for amateurs”. The phrase is often attributed to Charles de Gaulle, though there’s no concrete evidence he ever said it. The statement encapsulates the complexity and uniqueness of Brazil in various dimensions, such as its culture, politics, economy, and social structures. From a more objective perspective, hold your cards until you know all the challenges that Brazil may represent to foreign citizens.

Investing in real estate with the support of a licensed and reputable attorney is one way to secure the dreamed long-term stay in Brazil with little to no headache. 

Tip: The Real Estate Investment visa is also known as VIPER Visa and Brazil Permanent Residency. Learn more about it here.

2. Second Best Route: Digital Nomad Visa

Brazil, responding to the rising trend of digital nomadism, introduced the Digital Nomad Visa in 2022. This visa is tailored for those whose primary source of income is abroad, allowing them to experience Brazil’s unique blend of cultures while working remotely. Brazil offers a diverse environment, from its sandy beaches to dense rainforests, making it a haven for remote workers seeking a mix of work and leisure.

Navigating the Digital Nomad Visa Requirements

To acquire a Digital Nomad Visa in Brazil, there’s a list of necessary documents, the most critical being a work contract with a foreign employer and a valid passport. Ensuring the right paperwork is crucial, as missing or incorrect documents can lead to visa denials. Applicants must also demonstrate a foreign income of at least USD1,500 monthly or have savings totaling USD18,000. The visa application process, from submission to approval, usually spans over a month, contingent on the completeness and accuracy of the documents provided.

Visa Costs and Application Avenues

The visa fee varies based on the applicant’s location at the time of application – abroad or within Brazil. Fees abroad range between USD100 to USD300, while in Brazil, they’re under USD40. To ease the application process and ensure accuracy, it’s recommended to engage official immigration lawyers. These professionals not only expedite the process but also ensure adherence to both Brazilian and the applicant’s home country rules.

Where to Apply and the Benefits

Applicants can choose to apply from within Brazil or via one of the many Brazilian consulates globally. Applying within Brazil, particularly through experienced professionals, can save time and avoid additional requirements like extensive health insurance policies. Among the chief benefits of the Digital Nomad Visa are an extended stay in Brazil, acquisition of the essential Brazilian ID Card (CRNM), and the allowance to bring in goods from abroad without exorbitant import taxes.

Tip: check our Digital Nomad Visa Checklist now! Or, read the actual regulation issued by the Brazilian government addressing all legal aspects of the visa.

3. Third Best Route: Retirement Visa

The Retirement Visa in Brazil allows foreign retirees to settle in the country, provided they demonstrate a stable income of around USD2,000 per month, a clean criminal record, and proof of health insurance in Brazil. Valid for two years, the visa can be renewed for subsequent periods. Choosing Brazil for retirement offers various advantages, including its affordable living costs, warm tropical climate, stunning landscapes from beaches to rainforests, a rich cultural mix, and quality private healthcare. Additionally, retirees can enjoy diverse Brazilian cuisine, learn the Portuguese language, engage in myriad outdoor activities, and become part of Brazil’s welcoming community.

Oliveira Lawyers offers guidance for retirees seeking to navigate the Retirement Visa application process in Brazil. Their expertise ensures an efficient application process, with the firm assisting in eligibility requirements, documentation preparations, and procedural formalities. Tailoring their service to individual client needs, they provide a stress-free experience for applicants.

Hiring Oliveira Lawyers when applying for the Brazil Retirement Visa guarantees expertise in the application process, efficiency in gathering and submitting the correct documents, and personalized services tailored to the client’s unique situation. The firm also assists in clear communication with Brazilian authorities, especially for those who aren’t fluent in Portuguese. By seeking their services, applicants can relish peace of mind, knowing they have experienced professionals handling their application and optimizing their chances of retiring in the scenic and vibrant landscapes of Brazil.

The Benefits of Becoming a Permanent Resident in Brazil

Brazil, with its lively culture, breathtaking landscapes, and robust economy, has long attracted individuals from around the world. Whether you’re drawn by the country’s economic potential, its vibrant lifestyle, or the sheer beauty of its natural landscapes, Brazil has something for everyone. In recent years, the introduction of the Brazil Golden Visa (VIPER) program has added an attractive route for foreign nationals to establish roots in this magnificent country. While the process of obtaining this visa involves a real estate investment, the benefits that come with becoming a permanent resident are manifold.

  1. Freedom from Tourist Restrictions: One of the immediate benefits of securing permanent residency in Brazil is the elimination of the constraints faced by tourists. While most foreign nationals can only stay in Brazil for up to 180 days at a time, permanent residents have the privilege of staying indefinitely. This allows individuals to immerse themselves fully in the Brazilian way of life without having to worry about visa renewals or overstaying penalties.

  2. Unlimited Travel: As a permanent resident, not only do you get to stay in Brazil for as long as you desire, but you also have the freedom to enter and exit the country as many times as needed. This flexibility is ideal for those who might have business or family ties in other parts of the world. Unlike tourists, residents don’t have to fret about facing Brazilian immigration each time they travel.

  3. Access to Essential Services: Many utility companies and service providers in Brazil mandate a Brazilian ID for availing their services. With the Brazil permanent residency, individuals are granted the CRNM, a Brazilian ID card exclusive to foreign residents. This card paves the way to a variety of essential services, from opening a bank account, getting a driver’s license, to accessing utilities like electricity, water, and internet.

  4. Opportunity to Invest: The primary pathway to permanent residency via the VIPER program is through real estate investment. This not only grants the investor a place in the country but also positions them to benefit from Brazil’s burgeoning real estate market. Whether one chooses to live in the property, rent it out, or sell it at a later date, the opportunities for a return on investment are promising, especially in urban areas.

  5. Pathway to Citizenship: While permanent residency already offers a multitude of benefits, it also serves as a stepping stone towards Brazilian citizenship. After living in Brazil as a permanent resident for four years, individuals become eligible to apply for naturalization. With Brazilian citizenship, one can further integrate into the Brazilian community, participate in democratic processes, and even enjoy travel benefits to countries that have favorable relations with Brazil.

  6. Integration into Brazilian Culture: Residing permanently in Brazil offers a unique opportunity to truly become part of the local community. It’s an invitation to experience the nation’s festivals, traditions, and day-to-day life from an insider’s perspective. From the jubilant celebrations of Carnival to the passion-filled soccer matches, residents get a front-row seat to the best of Brazilian culture.

  7. Economic Opportunities: Brazil boasts one of the top 12 largest economies in the world. For those with an entrepreneurial spirit or looking to expand their business ventures, Brazil offers a dynamic and diverse market. Permanent residents have an edge as they can navigate the local business landscape with more ease, establish connections, and access resources more readily than their non-resident counterparts.

In conclusion, while the initial investment required for the Golden Visa might seem substantial, the plethora of benefits that come with permanent residency in Brazil more than justifies the commitment. Whether it’s the allure of uninterrupted stays, the promise of economic gains, or the dream of fully integrating into the Brazilian way of life, the advantages of this status are undeniable. For those seeking a blend of adventure, culture, and opportunity, becoming a permanent resident of Brazil is an endeavor worth considering.

Important: foreign citizens from the United States, Canada, and Australia need at least an eVisa to enter Brazil.


June 28, 2013

Decree to Negate IOF tax

Earlier this year, the Brazilian government reduced the tax rate on financial transactions (IOF) on certain infrastructure-related investments to 0 percent. The IOF is generally applicable on credit and currency exchange and insurance and securities transactions including intercompany loans and gold transactions.

It will affect infrastructure-related investment transactions including:

  • Production of consumption assets for export.
  • Research and development projects including technical and engineering.
  • Infrastructure logistic investment for roads and rail.
  • Investment in power or energy sector.

Now the Finance Minister, Guido Mantega, has ordered a decree that will expand the tax rate to foreign capital in fixed income investments, primarily in Treasury notes. The previous rate was set at 6 percent.

This decision will help increase the inflow of funds into the country and reduce the devaluation of the real against the U.S. dollar – which has gained momentum recently after the U.S. Federal Reserve reduced the purchase of assets and has planned increases in interest rates in the near future. These moves have caused added inflationary expectations and increased pressure on the Brazilian government to oust the rate.

An increase in foreign funds could help the country get past the current riots that are taking place in numerous cities. One of the biggest issues the citizens are speaking out against is the money going toward the World Cup instead of schools and healthcare.

Any company that does, or is planning on doing business in Brazil, would be wise to partner with Brazilian lawyers to make sure they understand all of the changes to tax rates.

June 14, 2013

Debate over Foreign Healthcare

Many countries have long-running debates over their healthcare systems and Brazil is no different. This week, the Brazilian Senate began debating a bill that would increase the participation of foreign investment in the country’s healthcare services. The proposal is that hospitals and clinics maintain at least 51 percent of Brazilian equity and there are restrictions on foreign investments for certain services.

There is a public hearing being held at the Economic Affairs Committee where several individuals are speaking about why this piece of legislation would be a positive development for the country and its residents.

“I am in favor of clear rules on investment are established and in terms of which manner it can be applied to expand private services,” said Health Minister Alexandre Padilha. “There is deficit of specialized beds, for urgent care and emergency services, diagnostics and for ICUs.”

According to the National Association of Private Hospitals, the organization needs another 14,000 beds in order to provide quality care to the new users of health plans. Budgets restrictions caused the group to eliminate 18,000 beds at the same time that 5 million users were being added.

Currently, the law only allows for the entry of foreign investments in hospitals in the case of international grants, technical cooperation and non-profit services. If passed, an estimated 75 percent of the population will benefit from improved services and care options.

If passed, this will open up a new market for international business. Any company that seeks to take advantage of the opportunity should partner with Brazilian lawyers to make sure they are able to successfully open up shop.