Buying an overseas property anywhere in the world is always a big decision. In addition to finding a property for sale in Brazil that matches your requirements, there are several other questions that need to be clarified before committing to the investment. Brazil is the largest tropical country in the world and offers visitors an amazing range of attractions. Occupying an area over 8.500.000km2, it is larger than Australia, 15 times bigger than France, 16 times larger than Spain and a whopping 34 times the size of the United Kingdom. Despite the huge size, Brazil enjoys a complete absence of natural disasters such as hurricanes, earthquakes and tsunamis.
Each part of the country is unique with its own traditions, music, culture, gastronomy and natural beauty. This South American country seems to be ticking all of the right boxes for investors, holiday homers and retirees alike. A diverse landscape, rich culture, idyllic climate and affordability (the cost of living in Brazil is just 20 per cent of the UK) are just some of the reasons why international buyers have started flocking here, but property prices are the reason they are staying.
Brazil is perhaps one of the few emerging markets that allows foreign buyers to own both land and property in their own names on a 100% freehold basis, making the buying process relatively straightforward. However, before you can buy a property in Brazil, you must obtain a CPF (Cadastro das Pessoas Físicas) number, which can be acquired via the Brazilian embassy in the UK for a small fee (around£10). Once issued, this tax registration number will enable you to open a bank account and apply for utilities, although, perhaps its main aim is to register the amount of capital that you are planning on bringing into Brazil. It also allows you to repatriate your funds should you decide to sell your property.
The purchase process in Brazil is relatively simple once you have obtained your CPF (taxpayer identification) number, however it is crucial that you seek the advice of a good, independent lawyer. This is especially true if you are buying a resale home, as checking for clean title can be a complicated and painstaking process. Once all of the relevant searches have taken place you will need to open a local bank account, as the purchase funds must be visibly traceable from the buyer’s bank account into the vendor’s. In addition, all monetary transactions will need to be registered as a foreign investment with the bank of Brazil, but this cost should be covered in your legal fees.
Paraiso Investimentos Imobiliários Ltda is a young and dynamic company that began its activities in Natal of the hand of three entrepreneurs from the telecommunications sector and tourism, who, with their extensive experience in the area, wanted to take part in the economic momentum sponsored by the unmatched opportunities for investment, in the country in general, and in the state of Rio Grande do Norte in particular.
Their expansion plan is chaired by the idea of sustainable development, as an indissoluble factor of progress in all the collective efforts, especially in an emerging power as Brazil, which has an extraordinary natural wealth and an unbeatable potential for growth.