Legal Purchasing Processes in Overseas Real Estate
Understanding the full regulations relating to purchasing real estate in Brazil is important, enabling a comprehensive knowledge of the commonly referred to ‘ease of purchasing process’. Here we attempt to provide a greater insight to potential buyers of the processes involved, providing increased clarity for personal assurance.
It has been mentioned several times that there are no restriction on foreign purchases in Brazil. While this is correct for the average investor wishing to buy a holiday home or apartment, yet some restrictions do apply on rural land.
If purchasing rural land through a company, the use of the land needs to be directly related to the company’s functions, such as agriculture or industry. Foreign individuals purchasing rural land in Brazil are required to migrate within three years of acquiring the land.
