The Requirements of Immigrating to Brazil

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National Immigration Council published in February of this year Norms Resolution n 84 for permissions and approval for purposes of obtaining Permanent Visa for Foreigner Physical Persons described as all persons non entity companies, corporations and such are considered in Brazil physical persons until obtaining a tax registry number CNPJ, Cadastro Nacional Pessoa Juridica.
This Permanent Investor Visa permits non Brazilian partners, companies that are created by foreigners must have a Brazilian Resident partner to enter Brazil freely and manage their company.
Three principle changes were:
1. Alteration of investment value - increased to R$150,000 to constitute a new company or go into a joint venture with an existing one, as long as it is registered with Banco Central do Brasil.
2. Reduced from 5 year to three year term.
3. Proof of utilizing the funds to create commercial activity which has significant social and economic impact on the local community or on the country itself.
The change was made because many foreigners were simply buying residences that were valued and the previous R$50,000 level simply to get a visa.
The intention of the physical person investor visa is to stimulate economic growth for Brazil's rapidly growing economy. The principle criteria the immigration authorities look at today is if the investment will create more economic activity.
To accomplish.
a. Generate employment and income

b. Will it increase the value of Brazil?
c. Useof technology.
d. Acquisition of resources for specific sectors.
The General Coordination of Immigration expects that the employment of Brazilians will begin within one year of the visa being approved. The legislation does not specify how many employees are required but the general understanding suggests a minimum of two to four and the generation of indirect job positions will be considered as well but rather in a complementary form.
The proof of Social Interest requires a presentation of an Investment Plan which explains exactly how the resources will be utilized, consisting of.
A. Definition of Business should include economic sector, location, description of activity or services and a time line outlining the investment.
B. Objectives of the Investor and the importance of the investment for the local area and economic sector.
C. The three year hiring plan.
D. Financial Planning describing capital applications.
Other consideration for approval of the visa will include the educational level, importance of the business, and the investment sector. Your business plan should be very clear and complete if you desire the approval of the visa.
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The General Immigration Coordination Secretary will verify these requirements annually especially in respect to employment and generating income and if not met the authorization will be canceled.
After the 3 year period there will be a necessity to apply and renew the permanent residency visa with the Federal Police. If it is proven that the investment plan has not been followed the visa could be revoked.

Hopefully this will provide clarity to many of the questions that you have. If you have specific questions, comments or suggestions please forward them to us and we will do our best to provide you with the most complete and accurate answer that we can.

Mr. Ocean is a mainly in living, investing and retiring in South America. He provides an informative Blog for Living in Brazil that answers several of the legal questions without the hype of all the other websites. He and his family are perpetual travelers living amongst the free and happy people of the world. Mr. Ocean escaped from America amidst the many of Americans who now see the move toward socioeconomic repression in the United States.