It is possible for a foreign person to purchase property in Brazil, but there are some…

Overview

It is possible for a foreign person to purchase property in Brazil, but there are some specific restrictions. Foreign people can buy properties in urban areas without major obstacles, but there are limitations when it comes to maritime land and rural properties. For maritime land, a foreign people may acquire an independent unit, as long as it is within a condominium. When it comes to rural property, foreign people can buy land, but they must meet certain legal requirements, such as being a naturalised Brazilian citizen or holding permanent residency in Brazil. Additionally, foreigners wishing to invest in or take part in media companies in Brazil must adhere to the rule that 70% of the company’s capital and its management must be controlled by Brazilian nationals or naturalised citizens. Legal guidance can help clarify the applicable rules, the risks involved, and the next step that best fits your situation.

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Official Sources

• https://www.gov.br/mre/pt-br/consulado-londres/visa-section/types-of-visa
• https://www.gov.br/mj/pt-br/assuntos/seus-direitos/migracoes

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