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Info Pack

About Brazil


Population:
188 078 227
Language: Portuguese
Religion: 89% Christian
Government: Republic
Coastline: 7 491 km
Sunshine: Up to 320 days
GDP Growth: 2.4% (2005)














Most people who visit Brazil return again and again. The reasons are many and varied
  • the friendly and hospitable people
  • the beautiful country
  • the lovely beaches 
  • the perfect weather and climate, in the North East you have warm sunny weather all year round
  • the exceptional value for money for shopping, eating out and low cost of living
  • Excellent investment opportunity
  • the strong performance of the economy, with robust growth and a trade surplus
  • the great nightlife
  • the choice of food
  • sports
  • exceptional customer service
  • the relaxed pace of life

However, Brazil is just on the cusp of becoming a major investment 'hot spot' The reasons for this are detailed below:

REASONS TO INVEST IN BRAZIL
  • The Brazilian economy surpasses that of many European countries
  • The Brazilian economy represents 42% of the Gross Domestic Product (GDP) of Latin America
  • Brazil has one of the top ten global economies
  • Brazil has the largest and most diversified industrial base in Latin America and the Caribbean
  • Brazil is one of the top global producers of electric power
  • Brazil is the number one global producer of regional jets
  • Brazil is the fourth largest global producer of commercial aircraft
  • Brazil has the most modern and advanced banking system in the world
  • Brazil offers an excellent infrastructure for tourism
  • Brazil receives approximately 5 million foreign tourists per annum, which indicates the significant potential to be exploited in relation to tourism
  • 90 % of the rental market is sourced from the domestic market, ensuring solid rentals and end user opportunities

FLIGHTS TO BRAZIL
Flights to Brazil take approximately 11 hours from UK. Flights to various cities in Brazil can go from London Gatwick, London Heathrow and Manchester with prices from as low as £200.


BUYING PROPERTY IN BRAZIL

Foreigners Owning Land/Property – There are no restrictions for foreigners to buy and sell residential or commercial property and the Brazilian authorities encourage foreign investment. There are some limitations or fees applicable for specific areas such as marine land, islands, agricultural land and areas near Brazils International border.

Land Registry
Property is registered in Brazil via private notary publics, under justice control. Each property can only be registered at one registry which stores the entire transaction history and physical identification of each property. This information can be viewed by the public and so many Brazilians buy and sell property without the assistance of a lawyer however it is recommended for a foreigner buying Brazilian property to get legal assistance.

Taxes
IVA (VAT) in Brazil is 10% on a new property or 20% on a “luxury” property. You also have notary fees of approximately 2%, property transfer taxes of 4-5%, 1% import tax on funds and 0.6% annual property tax.

Legal Assistance
As ever, we recommend that all people considering purchasing a property overseas get legal advice.

Visas / Passport
Passports should be valid for at least three months after the date of your arrival in Brazil. If it expires within three months of your departure from Brazil you will need to get a new one before travelling. If your passport states that you are a British citizen you do not need a visa as a tourist whose stay will be less than three months.

Money Transfers
It is imperative when buying property in Brazil that the funds are sent directly from the buyer’s bank to the sellers account in Brazil, this is sent via the Central Bank of Brazil who act as an official receipt of funds into the country. The seller has to present their contract to the bank in order to release the funds. Any developers who do not use this official route should be approached with extreme caution. Bank transfers take approximately 5 days to reach Brazil from a UK account.


Social Etiquette

Brazilians are mostly very warm and friendly. Shake hands every time you meet or take leave of a Brazilian (even if you have met the person previously the same day). If you are male, remember that Brazil is a Latin country: expect Brazilian men to stand close to you, to hold your hand or arm for extended periods, and to put their arms around your shoulders and hug you. These are normal and socially acceptable signs of friendship. Shake hands with Brazilian women on a first meeting, and expect to be kissed (on the cheek) on subsequent encounters (though this is less likely outside of the major cities and in the North of the country)



TOURISM & REAL ESTATE IN BRAZIL
Tourism in the North-East of Brazil increased by just over 26% between 1995 and 2000, with 2.5million Brazilian and international holiday-makers visiting the area last year. In fact Brazilians make up over 90% of the tourist market. The international tourist market is relatively small compared to other destinations however it is growing fast. It is generally better known among Portuguese, Spanish, Italian and other South American Tourists.

It is only now opening up to the potential of international tourism. The country’s bright tourism future has also been boosted by the influx of major tour operators into Brazil, such as the Marriott & Renaissance chain, French operators Sofitel, Mercure and Ibis, Spain’s Iberostar, and other big names like Club Med, and Breezes SuperClubs. Charter flights have begun to serve several new destinations including Salvador, Fortaleza and Natal. A combination of the sunny climate, extremely low cost of living and high-quality property available, has already attracted not only overseas investors, but growing communities of European residents.
 
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