The area in South America that we think currently offers the greatest short and long term investment opportunities is BRAZIL BRAZIL BRAZIL, so good they named it thrice!

Q1. Can foreign nationals own property in Brazil?
 
A. The simple answer is YES

Now for the small print!

Foreign individuals or foreign-owned companies can purchase property in Brazil under the same conditions applied to Brazilian nationals or companies. However, for the purchase of property located near the coast or national frontiers, special conditions may apply to foreigners or to foreign owned companies.

Q2. Why should I buy in Brazil?

A. Brazil shares a border with nearly every other country in South America and covers almost half the continent. It is the fifth largest country in the world with an area of 8,511,965 square kilometres. Despite its vast expanse of territory, Brazil’s population is concentrated in the major cities of its coast. The population is estimated at over 178 million and around 83% live in urban areas. Along with India, China, Russia, Brazil will become a world leader over the next 10 to 30 years both economically and politically. It is predicted that by the end of 2008, Brazil will be energy independent. Brazil also is one of the most ecologically sound countries on the planet.

Now for the fluffy stuff!

Brazil offers stunning natural features and a rich and vibrant culture that never fails to attract visitors. The conditions for investment in property in Brazil have never been better. Brazil’s economy is reassuringly stable and the country boasts unlimited investment possibilities for those who buy property in Brazil now, while prices remain low. Increased investment in the tourism sector will ensure that your property purchase is a profitable one in the future.

Q3. What is the economic and political situation?

A. In the year of his election in 2003, President Lula made some valuable reforms and has drastically decreased inflation to a current all-time low of around 5.7%. Under the new economic programmes put into place by the current president, Brazil’s economy is beginning to boom to unprecedented levels. Politically, after decades of dictatorship and military control, Brazil was ruled by its first directly elected president in 1992. 

Q4. What is the approximate flying time from Europe to Brazil?

A. The Northeast of Brazil is closest at about 8hrs flying time, this can increase up to about 11 hours for some destinations in Brazil. Air travel to Brazil is well developed from most European airports.

Q5. Is a visa required to enter Brazil?

A. Foreigners are allowed 3 month visas or a maximum stay of 180 days per year. If you wish to apply for a permanent visa, one of the following conditions must be met; you are married to a Brazilian; you have a child with a Brazilian; you invest 250.000 US Dollars or Euros in Brazil; you have reached the age of retirement (50 years) with a pension. NB. There are various other visas required if you are to work in Brazil. You will need to apply to your nearest Embassy.

Q6. Where would you recommend we buy in Brazil?

A. Two regions spring to mind; Natal & Salvador de Bahia

This entry was posted on Wednesday, August 29th, 2007 at 10:08 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.