is equivalent to a limited liability company (LLC) in the United States, Pvt. Ltd. (Private Limited Company) in India, Private Company Limited by Shares in the United Kingdom. This company formation (LTDA) is most commonly used for foreign businesses in Brazil.

Your residency status is permanent in the sense that you can live and work in Brazil without a time limit. However, your permanent residency is linked to your status as an investor in the country. Therefore, in order to renew your documents, the authorities will periodically check if you have kept your investment in the country; if it has been repatriated, you visa may be annulled. The first time will be after three years. The renewed visa will be valid for 9 years before renewal, but after the visa holder becomes 60 years old, it will be no longer necessary to renew the document.

The visa allows a foreigner to live and work permanently in Brazil.

The investment will be put in the bank account of a legal entity set up by us and owned by you. From there, it can take almost any form you wish, as explained in the next question.

You will need the help of the Central Bank of Brazil when you need to:
● Obtain the CNPJ of the foreign partner
● To register in the Foreign Investment of Brazil
● To obtain Electronic Declaratory Registry of Direct Foreign Investment (RDE-IED Number)
● Corresponding to the Foreign Investor/ Brazilian Company pairing through the Information System of the Central Bank of Brazil (SISBACEN)
● When you reinvest your earnings