Brazil launches property investor visa for foreigners

On November 21st., 2018, the Brazil published the Normative Resolution No 36 (“NR 36”) that discipline the granting of residence to foreigners investing in Brazilian real estate property.

Foreigners buying a property for minimum of $180,000 (R$ 700,000) will be granted residence rights to live in Brazil. According to the Ministry of Labour,  new rules the value of investment must be

  • BRL 1 million (USD 260,000)  in urban areas (new or existing properties)
  • BRL 700,000 (USD 180,000)  in North or North-east region

Joint ownership of properties allowed.

The Real estate investment visa is issued for two years with indefinite extensions