MichaelO
9/1/2008 15:16 EST
Hi Barrianne,
Obtaining an investor visa is relatively straightforward, but practically all non-tourist type visas are involve a lot of paperwork and waiting no matter the country. You will probably receive investors residency two years after starting the process.
This is the process in a nutshell.
Start with a CPF. I'm almost certain you could obtain this without having to come to Brazil since there is no signature or photograph involved. Use the address of your mother on the application.
Next you need to hire a lawyer and/or accountant to open a limited company stating you as a shareholder, what the business of the company will be, what will be the capital (a minimum of 50K US to obtain investor's residency), and who will be the administrator. The administrator must be Brazilian or have permanent residency and, until you get your residency, will have almost total authority over the business of the company. Good thing you have your mother to do this since there are stories out there of investors burned by administrators.
Anyway, once the business is set up and has a CNPJ (business number) and a bank account, which usually takes 6 - 9 months, you are ready to capitalize the company. The money is wired into the bank account of the company and is registered through the central bank of Brazil as being a direct foreign investment in a Brazilian company.
Next the proof of all this is sent to Brasilia which will lead to a file being created in your name and sent to your local Brazilian consulate or embassy. From this point you show up at the embassy with the appropriate forms filled in and passport photos , they will give you a permanent visa which you must use within 90 days of your file arriving at the embassy.
Finally, you are now in Brazil, you have to go to the federal police and open a process to obtain residency. After that, you wait - probably another 9 months or so.
Despite the level of detail in this response, I am not a professional in this field although I have helped clients hire the professionals they need to get all this done. It will end up costing you about $5,000 reais - if you are married, double that since it is per person.
Basically, you need lawyer, accountant, foreign exchange broker registered with the central bank of brazil, and someone who does the visa side of things. We used Ricardo Cohen at www.brasilvisas.com.br and would absolutely recommend him (I don't know how his English is though).
Hope this helps,
Michael Oliphant
www.icileparadis.com
info@icileparadis.com
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