BrazilRio

Super-cheap Beachfronts and Sound Economics.

If you're in the market for cheap beachfront property, this is the place to shop. Crime is the country's biggest drawback, but south from Ceara to Natal, you can enjoy super-cheap coastal buys in safety.

Brazil is self-sufficient for fuel and making a continued big push for bio-fuel (from cane), even passing legislation requiring car manufacturers to modify vehicles to run on it. Indeed, investment opportunity abounds here, with plenty of land, and an idea climate and geography for growing one of the world's burgeoning investment commodities: coconuts.

Furthermore, Brazil stands out as unique in this part of the world. It has managed to maintain a socialist government while sticking to sound 21st-century business and economic policies. One of our editors' top picks both for lifestyle and investment.

Note that Americans need a visa to visit Brazil.

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Population 203,429,773 (July 2011)
Gross Domestic Product (GDP) $2.172 trillion (2010)
GDP Per Capita $10,800 (2010)
Inflation Rate 5% (2010)
Currency Brazilian Real (BRL)
Exchange Rate Versus U.S. Dollar 1.77 reals = 1 U.S. dollar (2010)
Language Portuguese (official)
Capital Brasilia
Population of Capital City 3.79 million (2010)
Time Zone GMT minus 3
Seasons Tropical--wet, warm/hot year-round.
Southern tip: temperate with four seasons
International Dialing Code 55
Electricity 110/220V / 60 Hz; Plug Types: A & B (U.S. style), C
System of Government Federal Presidential Republic
Name and Party Affiliation
of Current Leader
Dilma Rouseff since (January 2011)
Income Tax Rate for Residents 7.5% to 27.5% (2010)
Property Tax 0.5% to 4%

Capital Gains Tax 15%
Inheritance Tax 8%
Rental Income Tax 15%
Transfer Tax variable depending on location (in São Paolo it is between 0.5% and 2%)
Sales Tax 17% to 25%
Restrictions on Foreign
Ownership of Property
No
Local Chamber of Commerce

www.cni.org.br

SBN-Quadra 01-Bloco C- Ed. Roberto Simonsen

Brasilia-DF-CEP:70040-903
Tel: +55-61- 3317-9989

American Chamber of Commerce www.amchamrio.com.br
Praça Pio X nº 15 / 5º andar
Candelária, Centro, Rio de Janeiro
Tel: 55 (21) 3213-9200
Primary Exports Transport equipment, iron ore, soybeans, footwear, coffee, autos
Residency and Visa Requirements Tourist Visa: It needs to be acquired at a Brazilian Embassy/Consulate
Residency: Businessman/Professional, Entreprenuer,Investor, Retiree, and High-Level Specialist visas
Citizenship: uninterrupted residency of 15 years and clean criminal record; Investor Visa holders can apply after 4 years of residency
Special Benefits for Foreign Residents or Retirees None
National Airline VARIG
www.varig.com

 

 

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