Buy real estate in Rio / Brazil
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Brazil allows foreigners to purchase property with the same legal footing as Brazilians.
Buying Property in Brazil step by step
1. Issue Brazilian ID called a CPF.
You need a birth certificate
translated into Portuguese by a
certified translator and legalized
by the Brazilian consulate in your
home country.
WIth the legalized certificate and
your passport Go to a branch of Banco Do Brasil
to apply for a CPF. There is a small
fee.
The next day you go to the Receita
Federal office to receive your
assigned CPF number.
Your CPF card is mailed to an
address in Brazil within two months.
(That's right, you need a Brazilian
address.)
2. Decide if you wish a temporary or permanent Visa
Visas: Foreigners are allowed 3
month visas, or 6 months total per
year in Brazil.
To apply for a
permanent visa, one of the following
conditions must be met:
- - You are married to a Brazilian.
- - You have a Brazilian child.
- - You invest more than 50.000 US dollar in Brazil.
- - You have reached the age of
retirement (50 years) with a pension
of at least 2,000 US dollar per
month.
3. Look for a property
It's best to use a trusted local resident, or an official broker (more expensive). You need help to find a property, make sure the price is fair, and make certain that the property is owned by the seller, and that there are no debts on it.
4. Sign a contract and pay to the owner
The contract contains:
- - All information of the seller and of the buyer
- - Location and specifications of the real estate
- - The price and conditions of payment
The contract is signed at an
official office.
You pay a down payment (to be agreed
with the seller), to be followed by
the payment of the rest of the
agreed price.
5. Register the property
The registration of the property
into your name is done via a
cartorio (similar to a notary). Cost
is up to 5% of the purchase price.
After registration, you are the
legal owner.
6. Taxes and expenses
There is an annual property tax of approximately 0.6% per year of the assessed value. In addition you may need to pay monthly administrative local taxes
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