Brazil Facts And Figures

Colorful yellow, green, and blue steps in Rio de Janeiro, Brazil

Facts About Brazil

Population	204,259,812 (July 2015)
Gross Domestic Product (GDP)	$3.192 trillion (2015)
GDP Per Capita	$15,600 (2015)
Inflation Rate	9% (2015)
Currency	Brazilian Real (BRL)
Exchange Rate Versus U.S. Dollar	3.40 reals = 1 U.S. dollar (June 2016)
Language	Portuguese (official)
Capital	Brasilia
Population of Capital City	4.155 million (2015)
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	Acting President: Michel Miguel Elias (May 2016)President: Dilma Rousseff
Income Tax Rate for Residents	7.5% to 27.5%
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	Brazilian Airlines http://www.brazilianairlines.com/