To start the process of creating your legal entity, which will be the vehicle for your real estate investment in Brazil, a series of information and documents will be required for each partner of the future company.
All the steps of company creation, including opening a bank account and domiciling the company, can be done remotely. The procedure of real estate investment in Brazil generally takes between 1 to 3 months for the company to be 100% functional.
However, before starting, each partner must obtain a CPF (Cadastro de Pessoas Fisicas).
The Cadastro de Pessoas Físicas (CPF) is an essential registration document for any real estate investment in Brazil. It is issued by the Receita Federal, the Brazilian tax administration.
Although in theory the CPF is not mandatory, without it, it is impossible to carry out financial operations such as opening a bank account, buying real estate or using applications such as UBER.
Therefore, the CPF is essential for anyone wishing to invest in real estate in Brazil.
The Cadastro de Pessoas Físicas (CPF) is a document for registering a citizen with the Receita Federal (Tax Authority) of Brazil.
In theory, the CPF is not compulsory but whoever does not have it, will not be able to carry out financial transactions such as the opening of a bank account, a telephone line or the acquisition of a property. real estate.
It turns out that the CPD becomes essential for anyone wishing to travel to Brazil, even for tourism. Because without the latter, you cannot use applications like UBER, or even buy plane tickets online on the sites of the most important airlines in Brazil.
In Brazil, there are different types of companies suitable for real estate investment. The main ones are EIRELI, which is equivalent to the Single-member Limited Liability Company with one partner, LTDA (Limited Liability Company) which can have up to 7 partners, and SA (Corporation).
In accordance with Article 1.138 of the Brazilian Civil Code, the management of the company must be carried out by a permanent resident manager in Brazil, capable of legally responding to local authorities. This guarantees the security and compliance of your real estate investment in Brazil.
