How to buy a property in Brazil
In order to buy a property in Brazil, some aspects need to be observed. If you are a foreigner person or organization, it’s important to note some restrictions apply to foreigners buying real estate property in Brazil. Also, it is very important that you know the entire history of the property you are buying, as well as the debts and possible lawsuits of all the owners that the property may have had in the past five years. The paragraph about may seem like an exaggeration,…
Can foreigners own property in Brazil?
Yes! Foreigners can buy property in Brazil. Foreigners are permitted to buy, own and rent Real Estate Property in Brazil. According to Brazilian law Brazilians and foreigners are on almost equal footing when it comes to property ownership and tenant rights. There are some limitations but they apply for some properties considered strategic by the Brazilian government. A foreign government cannot own real estate property in Brazil except buildings and properties used for consulates and embassy sites. Foreigners can own property in Brazil without a Visa.…
Can a foreigner open a bank account in Brazil?
Yes, a foreigner can open a bank account in Brazil. However, the Brazilian law doesn’t allow the bank account to be opened remotely (without a presential interview at the branch), unless you hire an attorney to fill up this requirement (take a look at CKSA’s Account Opening Service for Foreigners ). If you’re a foreigner opening a bank account in Brazil, BEWARE: When hiring an attorney for anything in Brazil, you gotta be careful if you are hiring a suitable professional. Beware of lawyers charging…