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Normative Resolution No.36 - Real Estate Investment Visa

It was published on November 21, 2018, by the Brazilian Immigration Council, the Normative Resolution No. 36.
 
The Normative Resolution No. 36 discipline the granting of residence authorization permit as a result of real estate investment in Brazil.
 
This is an innovative residence hypothesis which presents an additional option for the immigrant as an investor. It is important to mention that under the protection of old Immigrant Law, this possibility of request has not exist.
 
According to Normative Resolution No. 36, residence authorization might be presented prior (issuance of temporary visa), as well as locally (for immigrant investors who are in Brazil).
 
As requirements for application based on real estate investment, the following requirements should be considered:
 
- Own resources for real estate investment in Brazil;
- Acquisition of real estate in urban areas;
- The value of the investment must be equal to or higher than R$ 1,000.000.00(one million Reais);
- The acquisition of more than one property could be done once the value of all properties corresponds to the amount equal to or higher than R$ 1,000.000.00(one million Reais);
- Specific documents must be presented to prove ownership acquisition (real estate already built or in construction);
- The co-ownership will be admitted, once the minimum investment amount is observed (per immigrant).
 
It is important to highlight that the immigrant investor must stay in the country for at least 30 (thirty) days during the granted term of residence’s permit, counted from the registration´s day at Federal Police.
 
The term of stay for this modality of residence will be 2 years, and then it could be modified (after this initial period) for an indeterminate stay, according to the Normative Resolution nº 30.
 
This is a great innovation for the national immigration, with great contribution to the development of new business.
 
EMDOC remains available for immigration advice resulting from these temporary visa/residence hypotheses.
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An open channel for suggestions, criticism and praise.
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Phone.: +55 11 3405-7800

R. Luis Coelho, 308 - Térreo
São Paulo / SP - Consolação - 01309-000
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