Restrictions

Ownership of land and property by foreigners is permitted in Brazil, and all property is freehold. Non-residents may invest in property through direct ownership, individual, or through entities. However there are some restrictions for non-residences and the main are related to properties located in (i) marine area; (ii) rural area; and (iii) national security area.

All the funds brought into Brazil are subject to registration at the Central Bank of Brazil, Banco Central do Brasil.  This system allows the Government to record all investment into the country from overseas. Funds should be sent directly from your own bank to the vendor’s bank account in Brazil, via the Central Bank of Brazil in order to release the funds, the vendor must present the contract of sale to the bank.

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Thank you for completing complex mortgage repayments simultaneously in three countries. David and Stefano were excellent, remaining calm and efficient in trying circumstances. I was very satisfied with their service, and would not hesitate to use Kobalt Law again.  

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