It’s really freaking simple to buy property in Brazil...

Appointment of a lawyer

The first step in your land purchase is to appoint a reputable lawyer to act on your behalf, as with any legal transaction. Your lawyer will carry out all necessary checks on the property or land in Brazil and comply with the purchase ‘s legal requirements. We recommend that you appoint an attorney who is fluent in your language to fully understand all legalities and procedures. Legal costs are generally between £ 500 and £ 1,000 depending on the value of the land purchased.) Your lawyer will: Check the current owners of the property Check any charges and liabilities still owed on the property Check your contract and advise you on the obligations of both parties. All land and property are registered in a single registry, which records the entire business history and physical identification of each property. Obviously it is very important to ensure that any land or property you purchase has a clear title and your lawyer will ensure that this is the case.

Brazilian CPF

A Brazilian ID called a CPF will be needed. This is equivalent to a national insurance number in the UK and can be obtained quite simply by submitting a copy of your passport with a CPF signature card application. Once you receive the signature card, you simply sign it and send it back with a small fee, and the Receita Federal assigns your CPF number to you. In any purchase agreement, this can then be included. You will receive a formal copy of the CPF card at an address in Brazil-usually the address of your lawyer for ease.

Costs

The cost of transactions, including stamp duties, fees, etc., is between 3% and 8% of the purchase price on average. Costs vary by location, property type and state in which you buy. Breakdown: An invoice for your selected property Transfer fees of about 4 percent-5 percent of the purchase price. Payment of the balance (or payments if financed) 1% import tax on the transfer of funds from abroad. Money Transfer Funds are sent via the Central Bank of Brazil’s official route. The bank records your funds entering the country and Brazil must submit the contract to the bank in order to release the funds. We strongly recommend that you only use this official route, or if you sell your property in the future, you may have problems transferring funds from Brazil. There are generally no restrictions on returning funds abroad if they were originally registered at the time of purchase with the Central Bank.