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    Facts About Brazil

    Information TypeBrazil Data
    Population212,559,417 (2020)
    Gross Domestic Product (GDP)$1.847 trillion (2019)
    GDP Per Capita$16,462 (2020)
    Inflation Rate5.58% (2020)
    CurrencyBrazilian Real (BRL)
    Exchange Rate Versus U.S. Dollar5.32 reals = 1 U.S. dollar (June 2020)
    LanguagePortuguese (official)
    CapitalBrasilia
    Population of Capital City4.645 million (2020)
    Time ZoneGMT minus 3
    SeasonsTropical–wet, warm/hot year-round.
    Southern tip: temperate with four seasons
    International Dialing Code55
    Electricity110/220V / 60 Hz; Plug Types: A & B (U.S. style), C
    System of GovernmentFederal Presidential Republic
    Name and Party Affiliation
    of Current Leader    		President: Jair Bolsonaro
    Income Tax Rate for Residents7.5% to 27.5%
    Property Tax0.5% to 4%
    Capital Gains Tax15%
    Inheritance Tax8%
    Rental Income Tax15%
    Transfer TaxVariable depending on location (in São Paolo it is between 0.5% and 2%)
    Sales Tax17% to 25%
    Restrictions on Foreign Ownership of PropertyNo
    Local Chamber of Commercewww.cni.org.br
    SBN-Quadra 01-Bloco C- Ed. Roberto Simonsen
    Brasilia-DF-CEP:70040-903
    Tel: +55-61- 3317-9989
    American Chamber of Commercewww.amcham.com.br
    Praça Pio X nº 15 / 5º andar
    Candelária, Centro, Rio de Janeiro
    Tel: 55 (21) 3213-9200
    Primary ExportsTransport equipment, iron ore, soybeans, footwear, coffee, autos
    Residency and Visa RequirementsTourist 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 RetireesNone
    National AirlineBrazilian Airlines
    http://www.brazilianairlines.com/

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