A question that normally comes up before assessing the conditions for investment in Brazil is, Can I invest in Brazil?
The answer to this question is a positive Yes, the foreigner not only can invest in Brazil, but also is encouraged by the Brazilian government to do so. Facilities in obtaining visas and treaties to avoid double taxation are clear examples of the Brazilian government’s interests.
There are no restrictions on foreign property buyers who are purchasing urban land, beachfront properties, houses, or condos. Foreigners have the same rights as Brazilians, and residency is not required.
There are, however, restrictions on foreigners who wish to buy large tracts of rural land used for agricultural purposes. If you’re considering a large land purchase, consult your attorney for guidance.
But investors seeking to participate in the real estate, tourism, export, or environmental markets don’t have to worry about the restrictions.
For more information, contact Rui Farias, International Living's recommended attorney in Brazil.