By Breno Torquato e Aline Moreira
With the coming into force of a new immigration law, the categories of visas and residence permits are now regulated by new standardized instructions, including the option for individual investors. The requirements for this authorization, sought by those foreigners who wish to invest in existing companies or in their own business in Brazil, will be briefly analyzed in this article.
The request for said authorization requires proof of minimum investment of an amount equal to or greater than R $ 500,000.00 (five hundred thousand reais), in addition to presenting the company’s investment or business plan, which must accompany the request. The legislation is clear in determining that the main motivator in granting this type of visa will be the potential for generating jobs or revenue that the investment will have in the country.
It is possible for the amount invested to be less than R $ 500,000.00 (five hundred thousand reais) – but never less than R $ 150,000.00 (one hundred and fifty thousand reais) – as long as the foreigner has for purpose investing in activities of innovation, basic or applied research, with a focus science or technology.
These requests, however, will undergo greater scrutiny and must meet a greater number of requirements from the Brazilian government, such as, for example:
- originality with regards to the degree of newness;
- scope with regards to the degree of penetration and
- relevance with regards to the degree of impact and potential to generate value of the product, process or service.
A fundamentally important point in requesting this type of authorization is the aforementioned Investment or Business Plan, which is mandatory in all requests. Such a plan must be as detailed as possible, always with a focus on generating employment and income, which are crucial requirements for the approval of the application.
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