The Largest Country in South America Offers Compelling Opportunities
Brazil is a huge country with a population of over 200 million people. It’s the biggest country in South America. As a developing country, it could be an attractive country to live in and invest in. Residency in Brazil will ensure that you have the legal right to live there for as long as you want.
So, what are the best ways to get residency in Brazil? There are several routes to residency, depending on your status.
Get Residency in Brazil with a Retirement Visa
Brazil’s retirement visa is undoubtedly the easiest path to residency for foreigners. However, you must be over 60 and be able to prove an income of at least $1,700 per month. You will have to open a bank account in Brazil and transfer at least that amount each month.
You can apply for a retirement visa at your nearest Brazilian Consulate. They’re issued for nine years and are easy to renew.
The Brazil retirement visa comes with other perks like free use of public transport. All residents have access to the Brazilian public healthcare system too.
You’re also able to work legally, if you want, with a retirement visa.
All in all, it’s a good deal for those over 60 who have a pension that meets the income requirements.
Get Residency in Brazil by Starting or Investing in a Business
This category needs a little more effort to get residency in Brazil. You’ll have to produce a business plan. It must show that you’ll employ at least 2 Brazilians. You’ll have to invest at least 500,000 Reais.
The money has to be invested in a business. Buying a house as an investment won’t work here as it does in some countries.
Another option is to open a branch of an existing business in Brazil. If you have a business that’s more than five years old, you can open a branch in Brazil and use that to get residency in Brazil.
The process of getting an investment visa is doable with professional help. It’s definitely more cumbersome than the other types of visas, though.
Brazil is renowned for being one of the most difficult countries to do business in. You’ll face lots of bureaucracy and high costs doing business in Brazil. On the other hand, it’s an emerging market of 200 million people in South America. The opportunities could be immense for the right person.
Digital Nomad Visa for Brazil
Brazil recently introduced a digital nomad visa for remote workers who want to work from Brazil. Brazil’s digital nomad visa can be applied for at any Brazilian consulate outside Brazil, or you can apply from Brazil. It’s issued for an initial period of one year. After the first year, you can apply for an extension for a further year. Brazil expects you to prove an income of $1,500 per month to qualify. You can find more information on the requirements here.
Get Residency in Brazil by Marriage or Having a Child in Brazil
If you marry a Brazilian, you can get instant permanent residency. Even if you’re in a stable relationship with a Brazilian and unmarried, you could qualify. Best to check with your nearest Brazilian consulate if you plan on getting residency in Brazil through a stable union to make sure your relationship qualifies.
If you have a child born in Brazil, you’ll also qualify for instant permanent residency. Those born in Brazil get Brazilian citizenship at birth. Therefore if your child’s born in Brazil, you’re related to a Brazilian citizen and qualify for residency in Brazil.
How to Apply for Residency in Brazil
You can begin your application process at the Ministry for Exterior Relations website here. They have a visa application form available in English on the site. Fill in the form and get your application number. That’s the start of the process. If you plan on applying for a business visa, it’s worth getting professional help.
How to Get Citizenship in Brazil
You can apply for Brazilian citizenship after four years of legal residency there. If you’re married to a Brazilian or have a Brazilian child, you can apply for citizenship after only one year of staying in Brazil. You’ll have to show that you have no criminal record. You’ll also need some knowledge of the Portuguese language.
Brazil has an excellent passport with visa-free access to 127 countries.
Taxes in Brazil
Brazil is an amazing country to live in, and it has something for everyone. You’ll have to do some tax planning before you go, though. Brazil taxes worldwide income. It’s easy to structure your affairs to ensure your tax liability will be minimal in Brazil
Overall, residency in Brazil is a great option for those looking for a South American adventure. Residency in Brazil and a second passport for Brazil will be valuable assets in an increasingly volatile world.
Your Questions Answered
What are the best ways to get residency in Brazil?
There are several routes to residency, depending on your status. The easiest path for foreigners is the retirement visa, but there are also options like starting or investing in a business, applying for a digital nomad visa, or getting residency through marriage or having a child in Brazil.
How can I get residency in Brazil with a retirement visa?
To get residency in Brazil with a retirement visa, you must be over 60 and prove an income of at least $1,700 per month. You will need to open a bank account in Brazil and transfer at least that amount each month. You can apply for a retirement visa at your nearest Brazilian Consulate, and it’s issued for nine years and easy to renew.
What are the requirements to start or invest in a business for residency in Brazil?
To start or invest in a business for residency in Brazil, you’ll need to produce a business plan that shows you’ll employ at least 2 Brazilians. You must invest at least 500,000 Reais, and the money has to be invested in a business. Buying a house as an investment won’t qualify.
How can I apply for the digital nomad visa for Brazil?
The digital nomad visa for Brazil can be applied for at any Brazilian consulate outside Brazil or from within the country. It’s issued for an initial period of one year, and you’ll need to prove an income of $1,500 per month to qualify.
Can I get instant permanent residency by marrying a Brazilian?
Yes, if you marry a Brazilian, you can get instant permanent residency in Brazil. Even if you’re in a stable relationship with a Brazilian and unmarried, you could also qualify for residency. It’s recommended to check with your nearest Brazilian consulate to ensure your relationship qualifies.
How can I begin the application process for residency in Brazil?
You can start your application process at the Ministry for Exterior Relations website, where you’ll find a visa application form available in English. Fill in the form and get your application number to begin the process.
When can I apply for Brazilian citizenship?
After four years of legal residency in Brazil, you can apply for Brazilian citizenship. However, if you’re married to a Brazilian or have a Brazilian child, you can apply after only one year of staying in Brazil. You’ll need to show that you have no criminal record and have some knowledge of the Portuguese language.
How does taxation work for residents in Brazil?
Brazil taxes worldwide income, so it’s important to do tax planning before going there. You can structure your affairs to minimize your tax liability in Brazil. It’s recommended to seek professional help for tax matters.
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