Investment Permanent Visa

Last activity 13 January 2015 by Bardamu

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international_manNew member12 January 2015 20:14:24

Hello,

Thanks all for being very informative in this form, especially James.

I read a lot about Investment Visa in Brazil. I know that an international investor can invest around 55,000US$ in a company and get a permanent residency. The amount can then be invested in realestate which is registered under the name of the company.

The permanent residency entitles the holder to apply for naturalisation after 4 years the he holds the realestate and pays tax out of rental income. My question here is:

I'm not planning to relocate to Brazil. Will I be able to apply for naturalisation after 4 years of maintaining my visa? I know that as per Lei 6.815/1989 Art. 51, I have to visit the country once every 2 years (18 months), but is that good enough to be able to apply for citizenship after 4 years?

I know that some countries like Canada and the US tend to be strict when it comes to remaining in the country for a certain number of days before applying for naturalisation. Does that apply to Brazil? Or, I can show up in Brazil every 18 months or so during the 4 years before applying for naturalisation?

Thanks a lot and sorry for making short story long. :$

BardamuSerial expat12 January 2015 23:53:22

607

Reading your post, anybody in the world could send $55 000 to Brazil and obtain permanency and apply for naturalisation 4 years later without even leaving in Brazil.
Wrong. You need to live in Brazil; you need to actually create a proper company and prove that you employ people if not, your 3 years visa will not be renew. FYI, if you leave Brazil for 2 years, you lose permancy, etc...
It is so wrong that I cannot believe you find that on internet. If someone told you so, it is looking like someone is trying to sell you a scam.

international_manNew member13 January 2015 06:54:14

@Bardamu

Nobody told me or tried to scam me. Information is from an official Brazilian consulate: http://cgbeirute.itamaraty.gov.br/en-us/permanent_visa_(investors).xml

The company is supposed to invest in real estate. The rental income and paying electricity waives the requirement of employing a Brazilian. This keeps the company operating. Is that correct? I don't mean to repeat myself, but you didn't convince me.

My question is: After obtaining the permanent visa, do i have to remain in Brazil for 4 years to be able to apply for naturalization? It doesn't make sense, I can't stay in one country for a whole 4 years.

Anybody has a solid understanding of the law or has experience in this matter?

Thanks.

BardamuSerial expat13 January 2015 19:51:17

607

Your link makes reference to the permanent visa process, not that you can invest in real estate, earn a rental income which could waive need to have employees. As I said you cannot just "buy" your permanent visa in Brazil. Brazil wants that you create a proper company which is producing something and employs Brazilians. Look at this other link from the secretary of finance: Fazenda
Criterias are quite clear. You will need to prove that your company is real to actually extend it for 3 more years. You need to live in Brazil and not being more that 2 years out of Brazil (like all visas) or your lose permanency. I doubt a t a trip in Brazil reset the counter to zero. I believe you really need to live in Brazil.
Naturalisation is another topic and I am definitely not a specialist but you should check first point beforehead.

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