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http://www.brazilsf.org/visa_investor_eng.htm

Permanent Visas: Researchers, Foreign Investors and Senior Executives

Visas for EXPERTS AND RESEARCHERS are to be filed in Brazil by a Brazilian contracting party with the labor authorities.

The following are the requirements for this type of visa:

· a statement of the contracting party's interest in acquiring the applicant's professional services or copy of the relevant work contract;

· a recent transcript of the applicant's résumé in threefold along with copies of main academic titles.

Visas for FOREIGN INVESTORS AND SENIOR EXECUTIVES are to be filed in Brazil by the applicants or their duly empowered representatives with the appropriate federal authorities or with a free-trade zone's immigration council, when funds are to be invested in such zones.

The following are the requirements:

· copies of the applicant's personal and professional identification documents and those pertaining to dependents, if any;

· power of attorney to a representative prepared at a public notary's office;

· a recent transcript of the applicant's résumé;

· for investors, an investment plan in a new business or in the expansion of an existing one (with a copy of its social charter, license to operate and proof of tax compliance), including an initial transfer of a minimum of US$50,000 and a commitment to employ Brazilian work force;

· foreign capital investment permit issued by the Brazilian Central Bank;

· work permits for senior executives and validation of their work contracts by the labor authorities.


NOTES:

I.	The applicable consular fees for the legalization of documents will be charged when the documents are presented to the Consulate. All consular fees must be paid in U.S. POSTAL MONEY ORDER made payable to the Consulate General of Brazil. Cash, credit cards and personal checks are NOT accepted.

II.	Once the visa is approved, the applicant will be called to the Consulate to have the visa issued. Applicants should bring the original passport, two recent photographs (NO SNAPSHOTS, please), fill out two visa application forms and pay a US$200.00 visa fee. American passport holders will be charged an extra US$100.00 Visa Processing Fee. If the applicant does not come in person to the Consulate, there is another US$10.00 absence fee. All consular fees must be paid in U.S. POSTAL MONEY ORDER made payable to the Consulate General of Brazil. Cash, credit cards and personal checks are NOT accepted.

The visa must be used within 90 days from the date it was issued, meaning the applicant HAS TO ENTER BRAZIL BEFORE THE 90 DAYS ARE OVER, otherwise the visa expires. The applicant MUST REGISTER WITH THE BRAZILIAN FEDERAL POLICE WITHIN 30 DAYS AFTER ENTERING BRAZIL. Please note that the permanent visa implies that the applicant desires to RESIDE PERMANENTLY IN BRAZIL. If the holder of a permanent visa, even after all registration procedures in Brazil have been completed, leaves the country for more than two years in a row, THE VISA WILL EXPIRE, THE BRAZILIAN ALIEN RESIDENT CARD WILL AUTOMATICALLY BE REVOKED AND THE PERSON WILL HAVE TO RE-APPLY FOR A NEW PERMANENT VISA. Yellow fever vaccinations are required for travelers who have visited in the past 90 days or will visit one of these countries before entering Brazil: Angola, Benin, Bolivia, Burkina Faso, Cameroon, Colombia, Democratic Republic of Congo, Ecuador, French Guiana, Gabon, Gambia, Ghana, Guinea, Liberia, Nigeria, Peru, Sierra Leone, Sudan and Venezuela. Please read the list of frequently asked questions about visas

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http://www.brazilsf.org/brazil_press2.htm

Brazilian Government Press Release on Changes on the Requirements for Permanent Visa

Issued on December 3rd, 2004

Brazil’s National Immigration Council (“NIC”)issued Resolution 60/04 on October 6, 2004,which supersedes Resolution 28 of November 25, 1998, with respect to the issuance of permanent visas to alien investors in Brazil.

Under this new Resolution, a permanent visa allows a foreigner to live and work in Brazil with the purpose of investing his or her own foreign funds in productive activities or investing in existing activities in Brazil.

Under the new rules provided for by the 2004 Resolution, a permanent visa can be obtained by a foreigner when the following conditions are met:

• a minimum investment of $ 50,000, from individual resources in productive activities;

• the investment can be made in a new company or in an already existing business;

• on an exceptional basis, the NIC may issue the permanent visa if the foreigner proves that his or her investment will create at least 10 new jobs in Brazil over five years, in cases where the investment is lower than the $ 50,000.

Another important point is that the new Resolution has increased the term of the visa from a two-year period to a five-year period.

This new Resolution will facilitate investment in Brazil for small entrepreneurs.

Please click here to see the text of Resolution 60 (In Portuguese).

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