A practical overview of CPF registration, foreign exchange, due diligence, taxes and closing.
Foreign individuals can generally acquire urban real estate in Brazil. Rural and certain restricted areas follow different rules. Obtain independent legal advice for the specific asset.
A CPF taxpayer number is required for acts involving registered property. Foreign residents abroad should confirm the current procedure with the Brazilian Federal Revenue Service or a Brazilian consulate.
Use a financial institution authorized to operate in the Brazilian foreign-exchange market. Keep complete records of the remittance, conversion and destination of funds.
Your lawyer should review the title certificate, liens, seller documentation, condominium liabilities, property taxes and any powers of attorney before a binding commitment.
The transaction may require transfer tax, a public deed and registration with the competent Real Estate Registry. Ownership is transferred by registration, not merely by signing a purchase agreement.
This is general information, not legal, tax or investment advice. Procedures and costs must be confirmed for each transaction.
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