Purchase a property in Brazil and you’ll get a visa. This is the crux of Brazil’s real estatement investment visa. Much like Portugal’s “Golden Visa,” Brazil welcomes foreign investors with the offer of residency. After all, what’s the point of buying a house in Brazil if you can’t live there?

Immigration Resolutions 36/2018 and 46/2021 spell out the details. In short, you can invest in one or more urban properties that are either already constructed or still under construction. A minimum investment of BRL 1 million is required, although properties in the North and Northeast only require an investment of BRL 700,000.

When applying for the visa, you’ll need the typical documents, such as a completed application form, valid passport, and passport-style photo. In addition, you’ll need documents proving your investment. The matrícula, or transfer history certificate, purchase agreement, and bank letter or wire transfer confirmation are common.

After receiving your visa, you’ll want to apply for residency. Initially, you’ll get 4 years, but afterwards you can extend your residency for an indefinite period. Just make sure you stay in Brazil for at least 14 days every 2 years or you risk losing your status. And don’t sell your property because your visa is conditioned on you maintaining ownership.

Considering the current exchange rate, now might just be the perfect time to purchase that beachfront property you’ve been thinking about buying. Better yet, by doing so, you can apply for a real estate investment visa and the right to reside in Brazil.