By means of Resolution 118/ Protected content National Council of Immigration of Brazil amended the rules for granting permanent visa to foreign investors.
Since last Tuesday (02/12/ Protected content is requested to evidence investment equal or superior than BRL 500,000. The amount previously requested was BRL 150,000. The Plan of Investment is still required highlighting the perspective of creation of new job positions.
“We expected an increase around BRL 300,000. This dramatic increase from BRL 150,000 to BRL 500,000 sounds to me very inopportune and inappropriate, once this measure may frighten off foreign investments. In case the government does not reconsider this amount there will be... Read more: Protected content