Brazil is emerging as a global economic and political power. Providing that you are considering moving permanently to a tropical country, Brazil could be a perfect option. You could move there through a Brazil investor visa. Aside from numerous benefits, it could lead to citizenship.
This text will explain who is eligible for a Brazil investor visa, requirements, the application process, FAQs, and many more.
Who is eligible for a Brazil investor visa?
The most important principle over Brazil investor visa is the financial requirement. You must have the required amount to invest in Brazil. The least required amount you need for a Brazil investor visa is R$500,000.
You can invest in a Brazilian company that is currently working or start a new one—choices yours. If the second one is your option, you must have a business plan to propose.
When you propose a business plan, the Brazilian officials will evaluate it. The CNI (National Confederation of Industry) will evaluate the business plan. The CNI will assess the business plan by the below factors:
- The number of potential jobs it will create.
- Where will the business be in Brazil?
- How the company will benefit the Brazilian economy and community.
- The business plan is in what section or field.
- Will your business plan bring technology or resources to Brazil?
When the officials approve your plan, you must make arrangements to transfer money to a Brazilian bank. You could get advice from a law firm or counselor to do so.
If the Brazilian officials approve your investment or business plan, you can apply for an investor visa.
What if you have less than the required amount?
You don’t have the least required amount for an investor visa? The Brazilian officials will accept R150.000 investment in the technology or research sector. Also, the business must hire at least ten Brazilian employees to be eligible.
What are the requirements for a Brazil investor visa?
The requirements for a Brazil investor visa are as follows:
At the time of application, the validity of the passport can not be less than six months. Also, it couldn’t be older than ten years. Having one blank page at least to stick the visa is mandatory.
Clean record certificate
You can receive such documents from the Police or judiciary in the country you live in. It also gets called a Certificate of Good Conduct.
The more you work on your CV, the better. It should prove your work experience in the field you are going to work in Brazil.
Personal cover letter
These are personal documents proving relationships or identity. They include but are not limited to:
- Birth certificate
- Marriage certificate
- Death certificate of spouse
Academic certificates (if applicable)
Diplomas or certificates you have achieved through attending colleges or universities.
Proof of address
A piece of document that proves your registered address in the country you live in. A utility bill could suffice.
Provide proof of your investment in Brazil.
Proof to have enough funds
You must hold enough money to support yourself in Brazil. It is aside from the amount you need for investment.
Attention: Brazilian officials might require further documents. It depends on your case and the business plan you provide.
You need to have the documents translated into Portuguese. Also, the document must be notarized by the Brazilian embassy in your home country.
How to apply for a Brazil investor visa?
The application process for a Brazil investor visa is as follows:
Step 1. Are you eligible?
“Careful steps in the right direction will work.” So it is with the Brazil investor visa. Not everyone is eligible to apply for it. Read the section above to know whether you can fulfill its requirements or not.
Step 2. Investment
The first step to applying for a Brazil investor visa is to make the investment. Make it clear in your business plan:
- You will invest in an existing business.
- You will create a new company in Brazil
- The area you will make the investment in.
Approval by CNI
After clarifying the business plan, you need to propose it to the Brazilian officials. The CNI is responsible for evaluating it. They will assess the plan on different grounds.
When they approve it, you can begin the investment process. Then you have to transfer the money to a Brazilian bank. You need a bank account to do so. Bear in mind that the bank account must be in your name. You also need a bank that is willing to work with a foreign national. Not every bank might be eager to do so. If you don’t have any friend, relative, or lawyer to open a bank account for you in Brazil, you can do it on your own. You can visit Brazil and do some part of the process yourself.
After this stage, you can apply for a Brazil investor visa. But there are some other bureaucracies that need to be done. So you could get help from a lawyer or counselor.
Step 3. Application
Get the application form from the Brazilian embassy or consulate in your home country. Complete it with your documents, then print, date, and sign it.
Step 4. Requirements
Gather all the requirements for a Brazil investor visa. You can see the list of them in the section above. The mentioned items are not a definite list. The embassy could require more documents. You could contact them to ask for the ultimate list of documents. The embassies in different countries might require various documents too.
Step 5. Visa meeting
Set a meeting with the Brazilian embassy or often the embassy provides you a date to submit requirements. By the time you wait, you should be able to collect the requirements. Consider the point in your mind.
Attend the embassy in person on the reserved date. Bring all the collected required supporting documents. Submit everything to the visa officials and pay the fee. The fee depends on the embassy and the services they provide.
Step 6. Processing
Wait after completing all the procedures with the embassy. It takes time until the officials process your visa. They could require further documents in the process. It leads to a longer processing time, of course. When the embassy issues the visa, they will notify you. Providing that you are in a hurry, you could track the process by phone calls or email.
Step 7. Yellow Card
After you arrive in Brazil, make the arrangements to receive the Yellow Card. It is your residence permit.
How long is the Brazil investor visa valid for?
The Brazil investor visa is valid as long as you keep your investment in the country.
After the first three years of entering Brazil, the officials will evaluate your investment. The Brazilian authorities will renew the investor visa if:
- You have visited Brazil during the first two years of investment.
- You still maintain the investment.
- The business is paying tax and can provide the Tax return.
If you fulfill the conditions, you may stay in Brazil as long as you want. After four years of living in the country, you may apply for citizenship.
Does the Brazil investor visa allow you to travel abroad?
Yes, you may leave Brazil and travel to other countries. However, the time being abroad can not be longer than six months per year.
Do you have to be in Brazil to maintain your investor visa?
No, but the Brazilian national law wants you to visit the country every two years to keep the residency under the Brazil investor visa.
Does Brazil investor visa lead to citizenship?
If you fulfill the requirements, yes. The eligibility principles for Brazilian citizenship are as follows:
- Have lived in Brazil for at least four years.
- Maintained the investment
- Speak and read in Portuguese.
- Have enough to cover your expenses in Brazil.
Let’s sum up…
If you are considering moving and investing in a foreign country, Brazil could be an option. The economy is flourishing, and the future is bright. You could reach your purpose through the Brazil investor visa.
This article explained all about investor visas for Brazil, requirements, the application process, FAQs, and more.
See the left sidebar if you need to know about other types of Brazil visa.
In case you have gained knowledge or experience with visas, share them with us in the comment section below. Visa applicants would appreciate them as valuable tips.
You can move permanently to Brazil through a Brazil investor visa if you are eligible. It leads to citizenship as well.