| What is the buying process? |
Appointing a LawyerAs with any legal transaction, the first step in your land purchase is to appoint a reputable lawyer to act on your behalf. Your lawyer will carry out all necessary checks on the property or land in Brazil and fulfill the legal requirements of the purchase. Your Lawyer will:
RegistrationThe property registry system in Brazil is well developed and safe and real estate registration in Brazil is carried out by private notary publics. All land and property is registered at one single registry, which records details of the entire commercial history and the physical identification of each property. It is obviously very important to ensure that any land or property you buy has a clear title and your lawyer will ensure this is the case. Brazilian CPFYou will need a Brazilian ID called a CPF. This is the UK equivalent of a national insurance number and can be obtained fairly simply by submitting a copy of your passport with a request for a CPF signature card. Once you receive the signature card you simply sign it and send it back with a small fee, and your CPF number is assigned to you at the Receita Federal. This can then be included in any purchase agreement. A formal copy of the CPF card will be posted out to you at an address in Brazil – usually your lawyer´s address for ease. CostsTransaction costs, including stamp duty, fees etc. are on average between 3% and 8% of the purchase price. Costs vary according to location, type of property and the State you buy in. Breakdown
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