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Brazil revives dormant golden visa program

Brazil is rekindling its investor visa program after years of inaction. The Tourism Ministry announced Thursday it has signed a protocol with Cofeci (the national real estate agents board) to finally implement the country's golden visa program for real estate investors. 

👉 Why it matters. The initiative had been created in 2018 by a Justice Ministry resolution but remained largely dormant and unimplemented until now. The government projects BRL 1 billion (roughly USD 170 million) in foreign investments through the visa scheme this year alone.

• Foreign investors can obtain permanent residency in Brazil by purchasing real estate worth at least BRL 1 million reais in the South, Southeast, and Center-West regions, or BRL 700,000 in the North and Northeast.

Yes, but … Brazil is entering a crowded market for investment migration programs at a moment when other countries are scaling back initiatives of their own. The timing creates both opportunities and challenges for Brazil's golden visa scheme.

Benchmark. Portugal's golden visa program (ranked as the best residence-by-investment option in the world) has raised over USD 7.2 billion since launching in 2012. But Portugal has now terminated the program for foreign home buyers after property speculation drove housing prices to unsustainable levels.

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