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If you are a United States citizen looking to invest in Brazilian real estate, you have the same rights as Brazilian nationals generally. However, for some properties, there are restrictions. Foreigners are not allowed to purchase rural land in Brazil for investments. Rural areas in Brazil are considered protected, and the government does not allow these areas to be purchased by people or corporations that are not Brazilian. However, some caveats do apply to the law.
Foreign individuals who have applied for and were granted residency in Brazil may acquire rural land. Similarly, businesses with a branch legally set up in Brazil are also eligible to purchase rural real estate. However, there are some restrictions on the size, scope, and location of the rural land that can be purchased in these situations. The restrictions are as follows:
The Advantages of Gaining Residency
If you are a foreigner looking to invest in Brazilian rural real estate, it would benefit you to gain residency in the country. Otherwise, you will not be able to purchase any land in these areas. With residency you are still restricted, but at least you can work with the land afforded. Brazilian real estate has become a popular option for investors, and by investing in rural land, you can tap into the resources that Brazil has become so famous for. If your investment would be best suited in a rural location, you should consider contacting a Brazilian attorney to help you gain Brazilian residency before taking the next steps in your real estate investment.
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