Brazil, one of the biggest economies in South America offers golden visa scheme to foreign investors which qualify for permanent residency in Brazil. The scheme known as Permanent resident visa only known to few foreign investors.
Brazil is the largest country in South America with 208 million people. In 2012 Forbes ranked Brazil as having the 5th largest number of billionaires in the world. Major industries in Brazil are textiles, machinery and equipment, agriculture and automotive.
There are three schemes available for individuals and businesses to immigrate to brazil.
Golden visa schemes
1. Natural Persons
Brazilian Government demands the minimum investment of the equivalent to
R$ 500,000 (USD 125,000) and the presentation of a detailed 3 year- Investment Plan. Authorisation by the Ministry of Labour in Brazil is required prior to visa application for natural persons, according to Brazil Government.
2. Foreign Companies
Foreign company will invest its money in a Brazilian Company and will be sending an administrator, manager, director or executive with powers of representation. It can either be a company already established or a new one. The invested company must have the potential to generate new jobs and income.
Brazilian Government demands a minimum amount of investment of the equivalent to:
R$ 150,000 (USD 40,000) + commitment to generate 10 new job positions, per administrator; or
R$ 600,000 (USD 160,000) per administrator.
3. Real estate
A minimum property investment exceeding R$ 500,000 is required to qualify for permanent resident visa.
Brazil Citizenship
Investors qualify for Brazilian citizenship/passport after four year of living with permanent resident status. Brazil passport is one of the valuable travel documents in the world with visa free access to Europe, Russia etc.
Brazil allows dual citizenship.
