Foreign Investor Visa - Changing in the investment amount
In the end of 2015, the National Council of Immigration, motivated by the Real devaluation, increased significantly the required investment value for the application for investor’s permanent visa by foreign investors, private person. Previously, the investment in foreign currency should be equal or superior to BRL 150,000.00 (approximately € 36,000.00). With the new regulation, valid as of 2016, Brazil allows foreign investors to require permanent visa upon the investment of BRL 500,000.00 (approximately € 120,000.00) in new or existing Brazilian Company. Investing in Brazil is the first requirement. Furthermore, it is required that the Company receiving the investment undertake the generation of employment and revenue in the country . These are innovative concepts brought in by the American legislation. In the United States, the investments shall be made in BONA FIDE ENTERPRISE, defined as real, active and with commercial and economic substance Company, having an