Safe, Solid Options Overseas
The existence of so many independent “nation states” across the world… “countries” the way we think...
Read moreKathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.
Information Type | Brazil Data |
---|---|
Population | 212,559,417 (2020) |
Gross Domestic Product (GDP) | $1.847 trillion (2019) |
GDP Per Capita | $16,462 (2020) |
Inflation Rate | 5.58% (2020) |
Currency | Brazilian Real (BRL) |
Exchange Rate Versus U.S. Dollar | 5.32 reals = 1 U.S. dollar (June 2020) |
Language | Portuguese (official) |
Capital | Brasilia |
Population of Capital City | 4.645 million (2020) |
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 | President: Jair Bolsonaro |
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.amcham.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/ |
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The existence of so many independent “nation states” across the world… “countries” the way we think...
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Read moreGetting onto the property ladder has always been one of the safest and best ways of securing long-term wealth. Buying cheap real estate overseas gives you another level of security and diversification. By purchasing property abroad, you have added safety should the U.S. market fail. Especially in 2021, when the strength of the U.S. dollar makes overseas property great value for money. Unlike stocks and shares, real estate is a tangible asset you can enjoy. Buy real estate in a...
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