Brazil is the largest country in South America, and third in the combined Americas, behind Canada and the United States, ranking a fifth position in the world both in terms of landmass and of the population. Therefore, since November 2017 with the New Migration Law implementation, Brazil has been one of the most searched countries by Foreign nationals willing to invest in Real Estate. One of the reasons for that is the freedom of an egalitarian system allowing any foreign with CPF (Brazil's version of a Social Security Number) to acquire property.
The New Immigration Law 13.445/2017 went into effect November 2017 succeeding formally the Statute of Foreigner Statute Law’ (Law 6.815/1980) from 1980, in outline the new legislation has established a new legal system for foreigners in Brazil, created new types and characteristics for allowable visas, extended the coverage stipulations for the temporary visa, introduced a new authorization for residence and equalized in terms of rights the status of a immigrant and national in the country.
If you decided to expand your business to Brazil you already know that expanding globally is not a simple task, and besides the fact Brazil overhauled the UK to be the world’s sixth largest economy and, in the next decade, is envisioned to rise to fifth, It's still one of the most bureaucratic countries in the world.