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Ownership of land and property by foreigners is permitted, and all property is freehold. Non-residents may invest in property through direct ownership from abroad, or through vehicles (resident companies, partnerships or investment funds). With regards to rural property, there can be some restrictions regarding the size of the area to be acquired.

A purchaser requires a Catastro de Pessao Fisica (CPF), a tax registration number, which can be obtained from overseas through the Embassy, or in Brazil through a lawyer.
The cost of the purchase must be brought into Brazil through an international wire transfer to the Banco Central do Brasil, which allows the Government to record all investment into the country from overseas.

Once a buyer has found a suitable property, it is necessary to apply for a certificate known as Certidao de Onus Reais. (This is not required if you are buying an off-plan property). For off-plan purchases it is advisable to carry out all due diligence with regards to checking building licenses are in place, the land is properly registered and has ‘copia da escritura publica’ and a certificate from the notary.

Once the purchaser receives this for the chosen property and has negotiated an agreed price with the vendor, a small non-refundable deposit is usually paid to the seller.
A sales contract is then drawn up which details the full conditions of the sale and also acts as a receipt for the deposit paid.

Finally, the property’s sales deed completion (‘escritura’) are drawn up, normally carried out at the notary. Once in hand, it should then be taken to the Real Estate Registry Office to effect registry.


Stamp duty (or purchase tax) at 3% of the purchase price.

Government purchase tax of between 2-7% of the purchase price.

Property transfer tax (ITBI) of 2%, payable at the city hall.

Local tax varies between regions, but is normally around 0.6% of the purchase price.

Brazilian Income Tax is a federal tax levied on income, and proceeds of any nature, received by individuals or corporations.

Capital gains received by individuals on the sale of real estate will be subject to Brazilian withholding income tax at 15%, applicable to foreign investors who are not domiciled in a tax haven. The gain is determined as the difference between the sales price and the acquisition cost duly reported on the seller’s annual income tax return. 

Foreign investors who are not domiciled in a tax haven can receive tax benefits by applying for ‘Resolution BACEN 2689’. 

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