Share this article
IMPACT – MEDIUM
What is the change? Brazil has made it easier for investors to apply for permanent residence.
What does the change mean? Investors converting their status in-country can now obtain a resident permit for an indefinite period. Previously, these applicants were granted residence for an initial period of three years before they could apply for permanent residence.
Background: Foreign investors in Brazil are eligible to apply for an NR 13 if they invest at least 500,000 Brazilian reals in funds raised outside of Brazil. Previously, in-country applicants initially received a residence visa valid for up to three years after which they were able to convert the visa to an Indefinite-Term Residence Visa.
Analysis & Comments: The change is good news for foreign investors interested in permanent residence in Brazil because they will not have to wait three years to be eligible. Foreign nationals applying for the visa should review eligibility requirements with their immigration provider.
Source: Deloitte. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities. DTTL (also referred to as “Deloitte Global”) and each of its member firms are legally separate and independent entities. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more. Deloitte Legal means the legal practices of Deloitte Touche Tohmatsu Limited member firms or their affiliates that provide legal services. For legal, regulatory and other reasons, not all member firms provide legal services. This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms or their related entities (collectively, the “Deloitte network”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte network shall be responsible for any loss whatsoever sustained by any person who relies on this communication. © 2019. For information, contact Deloitte Touche Tohmatsu Limited.
As previously announced, U.S. Citizenship and Immigration Services will increase premium processing fees on Feb. 26. Under a rule published in...
The State Department’s H-1B domestic visa renewal pilot program’s final application slots open Feb. 26 for qualifying applicants. Key Points:...
President Biden moves to allow certain Palestinians to stay in the U.S. Premium processing fees are about to go up.
The Home Office announced a new visa extension that allows Ukrainians arriving after the Russian invasion to apply for an