Corporate Immigration Lawyers | VisaLaw International
  • Home
  • Our Lawyers
    • Far East >
      • Australia: Anne O'Donoghue
      • China: Jian Zhang
      • Japan: Yoshio Shimoda
      • Philippines: Melvae Valdez
      • Taiwan: Nicholas Chen
    • North America >
      • Canada: Sergio Karas
      • USA: Greg Siskind
    • Central and South America >
      • Brazil: Neil Montgomery
      • Mexico: Enrique Arellano
    • Europe >
      • Austria: Elmar Drabek
      • Belgium: Henry Hachez
      • Denmark: Tommy Angermair
      • France: Karl Waheed
      • Germany: Dr. Gunther Mävers
      • Italy: Corrado Scivoletto
      • Latvia: Dmitri Nikolaenko
      • Netherlands: Marcel Reurs
      • Spain: Ana Garicano Sole
      • Switzerland: Caterina Nageli
      • UK: Graeme Kirk
  • What we do
  • Latest News

Brazil increases Investor Work Permit / Visa threshold to BRL 500,000.00

21/3/2016

1 Comment

 
​Effective as from 2nd December 2015, foreign individuals seeking to obtain a permanent work permit and visa based on their investment in local productive activities (usually materializing as investments made in Brazilian companies) will now have to produce evidence of an investment of BRL500,000.00 (currently equivalent to approx. USD 135,000.00) to succeed in their application.
 
Normative Resolution No. 118/2015, which revokes Normative Resolution No. 84/2009 (which contemplated a much lower investment of BRL 150,000.00 for obtaining such work permit/visa), was published in the Official Gazette on 2nd December 2015 and is a clear move by the Brazilian Government to attract enhanced foreign direct investments amidst the serious economic crisis currently experienced by Brazil and which has devalued the Brazilian real by more than 50% in the last 12 months.

Foreign individual investors should note that the new investment threshold applicable to them is still significantly lower than that required by European and North American countries.
​
In addition, the minimum investment threshold required by foreign corporate entities to obtain permanent work permits/visas for their executives to occupy managerial positions in their Brazilian subsidiaries and affiliates has remained unaltered at BRL 600,000.00 since 2011.

Neil Montgomery​
1 Comment
Oregon link
4/2/2021 09:26:17 am

Great blog I ennjoyed reading

Reply



Leave a Reply.

    Author

    News from Visalaw International members around the world.


    Archives

    August 2019
    June 2019
    May 2019
    April 2019
    November 2018
    February 2018
    October 2017
    September 2017
    August 2017
    April 2017
    December 2016
    October 2016
    June 2016
    May 2016
    April 2016
    March 2016


    Countries

    All
    Australia
    Brazil
    Canada
    France
    Latvia
    Netherlands
    Spain
    Switzerland
    UK
    USA


    RSS Feed

© 2019 Visalaw International
Site map
Privacy policy
Terms of use
Site by Drydesign
  • Home
  • Our Lawyers
    • Far East >
      • Australia: Anne O'Donoghue
      • China: Jian Zhang
      • Japan: Yoshio Shimoda
      • Philippines: Melvae Valdez
      • Taiwan: Nicholas Chen
    • North America >
      • Canada: Sergio Karas
      • USA: Greg Siskind
    • Central and South America >
      • Brazil: Neil Montgomery
      • Mexico: Enrique Arellano
    • Europe >
      • Austria: Elmar Drabek
      • Belgium: Henry Hachez
      • Denmark: Tommy Angermair
      • France: Karl Waheed
      • Germany: Dr. Gunther Mävers
      • Italy: Corrado Scivoletto
      • Latvia: Dmitri Nikolaenko
      • Netherlands: Marcel Reurs
      • Spain: Ana Garicano Sole
      • Switzerland: Caterina Nageli
      • UK: Graeme Kirk
  • What we do
  • Latest News