How to Obtain a Permanent Visa by Owning Property in Brazil

Brazil, a country known for its natural beauty and rich cultural heritage, offers various opportunities for individuals to establish residency. One such opportunity is through the process of owning property in Brazil. The Resolu??o Normativa numero 36 de 9 de outubro de 2018 has opened a pathway for those who wish to live and work in Brazil permanently by owning real estate. This article will guide you through the process of obtaining a permanent visa through property ownership in Brazil.

Temporary Residency Visa for Property Owners

Brazilian immigration policies have now granted temporary residency visas to owners of real estate within the country. This temporary visa can last for an initial 2-year period and can be extended for an additional 2-year period. After this 4-year period, an application for permanent residency can be submitted.

Eligibility Criteria

The criteria for obtaining a temporary residency visa through property ownership are as follows:

The property must be worth at least R$1,000,000 (Brazilian Reals). If the property is located in the North or Northeast regions of Brazil, this value requirement can be reduced by 30%. For multiple properties, the combined value of the properties can be used to meet the R$1,000,000 requirement. For instance, a property valued at R$400,000 and another at R$600,000 can be summed to meet the value requirement.

It is essential to have all necessary Brazilian documentation that proves the ownership and value of the property.

Documentation Required

For a successful application, you will need to submit the following documents:

Proof of property ownership, such as title deeds or property transfer documents. Evidence of the value of the property, such as recent property appraisals or tax assessments. Bank statement or financial proof to demonstrate the ability to maintain the property.

Visit the Resolu??o Normativa numero 30 de 12 de junho de 2018 for detailed information and ensure thorough documentation.

Application Process and Renewals

The application process for a temporary residency visa is straightforward once the required documents are gathered. It involves:

Submitting the application form to the Brazilian Consulate or Embassy in your home country. Attending an interview at the Brazilian Consulate or Embassy. Providing additional documents if requested by the immigration authorities.

Understanding the renewal process is crucial to maintaining your temporary residency status. Once you have obtained the temporary residency visa, it can be renewed for an additional 2 years by providing updated documentation and proof of ownership. After this period, an application for permanent residency can be submitted, further extending your right to live and work in Brazil permanently.

Conclusion

Owning property in Brazil and submitting an application for residency through the legal framework can provide a pathway to permanent residency. The Resolu??o Normativa numero 36 de 2018 and the Resolu??o Normativa numero 30 de 2018 provide clear guidelines and requirements for those interested in this route. Ensure thorough preparation and submission of correct documentation to increase the chances of a successful application.