Working With A Local Real Estate Agency When Purchasing Property In Brazil

Posted by Cameron on November 18, 2015 in Business |

It is important for individuals to look at all of the legal issues that surround the purchase of property and traveling to and from Brazil before they decide to purchase a retirement home, a vacation home, or an investment property. Once an individual is fully informed, they will be able to make a wise decision.

The very first thing that a person needs to consider is how they will stay in the country legally. If an individual is interested in applying for residency, they will need to prove to the government that they have at least $50,000. This will allow a person to get a five-year conditional visa. After the five years have passed, an individual may be able to apply for the visa again. If they have somehow improved the local economy, perhaps employing Brazilian staff, they may need less of an initial investment. If an individual is only going to spend a couple of weeks at a time in Brazil, they may be able to simply apply for a tourist visa each time they enter the country. This will give them 90 days. It is necessary for them to prove they have return ticket each time they enter the country and apply for the visa.

The next thing that a person needs to do is look at different Brazilian real estate companies. Doing research on these companies is very easy online. Once a person actually starts looking at properties and is interested in specific ones, the real estate company will be able to work closely with them, answering all of their questions and helping them with the purchase process. Companies like Cabral Garcia Empreendimentos work with foreign and local buyers as they push forward into the West Zone. They are happy to assist individuals who have questions on Twitter about properties and need help finding the right one for them.

The next consideration is hiring a lawyer. A lawyer will be able to prepare a variety of documents, do different types of investigations, make certain inquiries, and provide a variety of other services that are helpful to individuals who are purchasing property in Brazil. One of the professionals who work with Cabral Garcia Empreendimentos will be able to recommend a lawyer who they have worked with in the past.

It is necessary for individuals to get a CPF. This is a tax identification number that can be used to purchase property and open a bank account. A person can apply for this tax identification number at the Brazilian Embassy in their home country.

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