Lets Buy In Brazil

Buying property in Brazil is an attractive prospect for many individuals. Due to the possibilities of buying real estate on a free hold basis, as well as the attractive property prices and low tax and maintenance costs; buying real estate in Brazil is very appealing prospect.

The only thing required for a foreign national to buy property in Brazil is to have a CPF number, which is like a social security number. This is a legal requirement in Brazil, and allows the buyer to be identified for taxation purposes. This number should be applied for when in the country, and only takes a few days to be processed.

The real estate laws in Brazil are very well developed and protect the buyer regardless of what nationality they are. It is always recommended to have independent legal assistance throughout the entire buying process to make sure that your rights are being looked after. Once the property has been found, and the price negotiated, a sales contract is drawn up and a small non refundable deposit is paid to the seller. When all the papers are in order, the money and title transfers take place, and this generally takes a few weeks to complete. Any income earned from property in Brazil is taxable to a capital gains rate of 15%, but this rate is subject to change.