Interesting forum, but the more I read, the more I get confused.
I visited Brazil last November, the Natal area and loved it. Now I am strongly considering selling my hotel in Portugal and moving to Brazil.
Would someone be so kind as to let me have their opinions on a few points.
The Portuguese language is not a big problem for me, it is not good, but I can get by and I’m sure with usage it will in improve, I don’t get much chance to speak it here, everything on the Algarve is English, English and more English.
If I buy a hotel or restaurant in Brazil that costs over 50,000 US$ will this entitle me to a permanent visa?
What kind of investment would be involved to buy a business that would generate enough money to live on in Brazil.
Would it be an option to only invest a small amount in a business, enough to get a permanent visa, then invest more in a high interest bank account, what kind of interest rate could be expected from such an account.
Basic questions I know, but any responses would be greatly appreciated.
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Roger, as far as the investment visa goes. At first, you will get a temporary visa and then, if met the requirements of the Law,i.e., productive business, over a period of time, you will get your permanent residence.
Since you are in the hotel business, I would suggest to keep it that way here in Brazil.
Should you need further information, feel free to contact me.
Jose C. Santiago
Multinvest / Elite International
Licensed Attorney - Brazil
Certified Title Attorney - Brazil
Licensed Real Estate Agent - USA
Certified Paralegal - USA
Phones: (55-11)9348-5729 - São Paulo, Brazil
(800)983-7060 - Miami, USA
Skype: josecsantiago
MSN: josecordeirosantiago@hotmail.com
Website: www.josesantiagohomes.com / www.riobyjosesantiago.com
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If you buy an already existing establishment I would guess you get about 4-5% of the invested amount as income pr month. This is of course VERY average and only based on internet research.
A fixed interest fund (which should be prety safe) will give you about 13-18% interest a year.
(https://www13.bb.com.br/appbb/portal/voce/ep/inv2/fnd/rnt/GFI7.jsp?tipo=01)
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hello
i have seen some neat hotels for sale. let me know if i can help you locate one. a friend of mine currently has a bed and breakfast with an amazing oceanview!!!!
thank you
anthony giuffrida
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