Purchasing Process in Brazil
Legal Situation, Fees and Taxes.
The process for buying apartments in Brazil is quite straightforward particularly for buyers and investors using Beach Property Investment. We have direct access to English-speaking lawyers who understand the local market and are used to dealing with overseas property buyers.
In our experience the legal team we work with are able to deal with the normal concerns that an overseas property buyer has when purchasing in a new country for the first time and will be able to provide ´peace of mind´.
It is definitely worthwhile investing in a decent and reputable lawyer and we can provide this to our clients for a very reasonable fee
The Process for Buying an Apartment.
One of the major advantages in investing in Brazil unlike many other countries around the world is that the buyer will own the freehold to both the land and property in their own names. In the case of any properties each owner will own both his/her individual unit as well as a certain percentage of the common areas though from an administrative viewpoint this will be owned and managed by the condominium company.
Each buyer will require a tax registration number (CPF - Cadastro de Pessoa Fisica).We will be able to arrange this through our lawyers for each buyer or alternatively it can be applied for at the local Brazilian embassy in the country of residence.
It should be noted however that the CPF is only required when taking the full title of the property so in cases where a buyer is purchasing off-plan this will not be required until the buyer receives the keys and takes full ownership.
The process for buying a house or plot of land may vary from the above but we will be pleased to provide any assistance or advice in cases where a client wishes to purchase something different.
Transfer of Funds
All transfers of funds to Brazil will take place through the international transfer system and should be from one bank to another. The funds will pass through Banco do Brasil who have a responsibility to check where the funds have come from and where they are going to but generally this does not create any undue problems.
It normally takes 5-7 days for the transfer to take place depending on which Banks are involved. HSBC has a full network in Brazil and we would recommend that buyers use their services for a faster and more reliable transfer.
Fees and Taxes
On purchase you will need to allow for approximately 7% of the purchase price to cover legal fees and taxes.
These are generally as follows :
- Legal fees can vary but we aim to provide our clients with the best possible rates through local discounts. Fees vary from 1-2%.
- Purchase tax is currently 3-4% of purchase price depending on location.
- Notary fees and registration are both 1% each.
On resale Capital Gains Tax is charged at 15% of net gain though this is exempt if the profit is reinvested in another property purchase in Brazil. Income tax on rentals will be for individual accounts according to local practice in country of residence.
I hope you found this newsletter as a learning experience interesting. Thank you...
Ricardo Severini - Creci MGF 0024655
Andréa Severini - Creci MGF 0024652
So if you're looking for more information about the properties or want to know how to find in Poços de Caldas, MG - Brazil the property of your dreams, then go to: http://www.severiniimoveis.com.br- Or much better make us a visit, we are located:
Severini Properties – Consultoria Imobiliária – Creci 2891 J
Rua Rio Grande do Sul, 569 - Centro
Poços de Caldas, MG
CEP 37701-740
Brasil
Fone: (35) 3722 6556 - Escritório
Fone: (35) 9102 8951 - Ricardo
Fone: (35) 9146 6242 – Andréa
“Intelligence Real Estate - Real Estate Is a Big Business”
Severini Properties - Who We Are
Ricardo Severini is bilingual, has a degree in foreign trade and has worked for various renowned Real Estate companies around the world.
While in his numerous international assignments has had the opportunity to visit over 33 countries. Ricardo has won several awards as the “Best Overseas Sales Director’, for the Caribbean, Florida and Italy.
His company is always recognized internationally by offering his clients the property of their dreams. Ricardo works with his sister Andrea Severini in fulfilling this dream.
Fone: 55 (35) 9102 8951
Andréa Severini brings to Severini Properties her vast experience in the real estate market and many years of successful relationships with buyers and vendors alike.
Her impressive and inexhaustible imagination, marketing know-how and organizational skills have undoubtedly made the past few years the most successful in her field.
55 (35) 9146 6242
Anthony Ruddock has many years’ experience working in property sales for both lifestyle and investment. Specializing in emerging markets such as Bulgaria, Romania, Spain, Southern Italy (Calabria) and fractional ownership in Thailand.
Anthony will be responsible for marketing through a network of agents, allowing them to demonstrate the excellent value obtained by Severini Properties for their clients. If you are a property consultant and wish to be considered as an agent please contact him.
(44) 77 4554 3843
Nenhum comentário:
Postar um comentário