BRAZIL GOLDEN VISA PROGRAMME 2020 UPDATED

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Looking for an affordable alternative to the Spanish or Portuguese Golden Visa Programmes? Legislation enacted in 2017 now makes provision for a Brazilian Golden Visa Programme for foreign investors. Find out more about the new Brazil Golden Visa, and discover your residency by investment requirements for Brazil below. Alternatively, be sure to complete the below contact form to a request a free consultation.

WHY CHOOSE BRAZIL FOR INVESTMENT RESIDENCY?

Stable economic track record: As Latin America’s largest economy, the country relies on import substitution to stimulate economic growth. It is the world’s eighth largest economy, both in terms of nominal GDP and purchasing power parity, and from the period 2000 to 2012, it was one of the fastest growing major economies in the world. A brief period of recession followed from 2014, yet by 2017, the economy was once again in recovery.

A value investment Mecca – for the moment: After a decades long real estate bubble, the Brazil property market started deflating, with prices ending 5.5% lower in 2016 than they were in 2015.

In 2018, the Rio de Janeiro property sector in particular was characterised by dropping prices, weak demand and high levels of unsold stock. According to real estate experts quoted in the Rio Times, the market is likely to only start recovering towards the middle of 2019 or even later, leaving a window of opportunity for foreign property investors to scoop up some bargains.

With a view to move stock, real estate companies in Rio have adopted unprecedentedly aggressive sales strategies, including offering buyers double-digit discounts, furnishing apartments and offering cash-back incentives, making early 2019 an excellent time to be shopping for Rio de Janeiro properties.

The North East of Brazil, and states such as Bahia, Alagoas, Pernambuco, Paraíba, and Rio Grande do Norte and Ceará, are increasingly attracting foreign buyers in 2018. Property prices in these areas are already climbing steadily, but these destinations nonetheless offer incredible value compared to equivalent areas in the larger Brazilian cities, and certainly compared to the US and EU.

Promising politico-econonic outlook: Despite critics labelling new president Jair Bolsonaro the “Trump of the Tropics” for his polarising election campaigning, the new Brazilian President’s economic decision making has thus far been well received by the markets. For starters, it appears unlikely that Bolsonaro will make any changes to Afro-Brazilian trade ties, or to Brazil’s membership of BRICS.

His appointment of former Santander Bank executive Roberto Campos to head Brazil’s central bank is a clear signal that economic and monetary policies will be steered by a seasoned, market friendly team, boding well for foreign investment appetite during the first half of 2019.

Bolsonaro’s government will, however, have a key challenge in terms of fixing the country’s long ailing pension system.

World class beaches: Boasting over 2,000 beaches and 1,000 islands just off the country’s shores, Brazil is the destination for a beach holiday or tropical coastal retirement.

Vibrant culture, amazing cuisine: Brazil is renowned as one of Latin America’s top cultural destinations. Music and dancing form an essential part of Brazilian life, and the country is increasingly becoming a destination of choice for expats seeking flavourful retirement outside of the USA, South Africa, or Europe. The country’s primary culinary export, Brazilian barbecue, is presently putting the country on the map as an international travel destination of note for foodies.

WHY CHOOSE BRAZIL’S GOLDEN VISA PROGRAMME

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The Brazilian Golden Visa structure is heavily influenced by that of the Portugal Golden Visa. Similar to the Portuguese programme, it was also launched as a way to stimulate foreign direct investment, and support the struggling Brazilian property sector.

From a residency by investment standpoint, Brazil is compelling for many reasons:

FREEDOM OF MOVEMENT: Brazilian residency allows for visa free travel to several neighbouring countries, while the Brazilian passport enables bearers to travel to over 110 countries around the world visa free, including countries such as Austria, Bulgaria, Cyprus, Croatia, Denmark, Estonia, Ireland, Latvia, Luxembourg, Poland, Panama, Portugal and Romania, to name but a few.

AFFORDABILITY: By investing a minimum of BRL1 million (approximately US$260,000) in Brazilian urban real estate, foreign nationals can obtain a two-year provisional residency visa after having spent only 30 days in the country. The minimum property investment requirement for the north and northeast of the country is even lower: in these areas, an investment of as little as BRL 700,000 (around US$179,000) can enable the investor to secure provisional residency rights.

FAMILY INCLUDED: The spouse and dependent children of the investor can also obtain residency rights on the basis of the primary applicant’s eligible investment.

PATH TO PERMANENT RESIDENCY: If after 2 years, the investor still owns the investment property and remains in good standing, the visa can be made permanent.

ROAD TO BRAZILIAN CITIZENSHIP: Once Brazilian residency has been maintained for 4 years or longer, the investor becomes eligible to apply for naturalisation and a passport.

So while there is no fast-tracked Brazilian Citizenship By Investment Programme, there is a path to eventual Brazilian citizenship through naturalisation by exception. Co-ownership is allowed, as long as each applicant separately meets the minimum investment requirement. Bank financing is also available to foreigners, but only for the amount that exceeds BRL1 million or BRL700,000 in the north or northeast regions.

Investments from $179,000. Fees from $25,000. Contact us today for a free consultation.

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