Brazil relaxes visa regulations

andres del risco

Brazil is enjoying a prime spot in the world’s economy. Its property market has been reported as boasting some of the strongest figures in the world over the past couple of years and things are set to heat up with the imminent arrival of several major sporting competitions being hosted in the country.

And now Brazil is planning a move that could boost property values even more, as the country strides towards a relaxation in visa regulations.

New rules for foreign workers in the country mean that it will be easier for overseas experts to relocate to Brazil in order to fill gaps in the job market, and this is certain to have a knock-on effect for the property sector.

At the moment a foreign national looking to work in the country has to wait several months for their application to be processed, but a new system will reduce the paperwork and let people apply online for a visa.

Bernardo Mira of Rio-based immigration consultant Pacific Global Mobility Services said: “This is a major step forward. It’s not just about the number of documents they used to demand; some of them were also very difficult to obtain.”

Pressures surrounding the preparations for the upcoming World Cup and Olympics are behind the new moves which will also introduce an internship-like structure that lets students with a Master’s degree or higher work up to 90 days in the country.

Spain and Portugal are thought to be the main targets for the new measures, with the idea that a new generation of young workers from the troubled European economies will be willing to travel to the other side of the world to escape high levels of unemployment.

In recent years the proportion of foreign citizens in Brazil’s population has fallen significantly according to official Census data. Only 0.3% of the population are immigrants and 43% of those are over the age of 60.

If you want to invest in Brazil and need to send money abroad online, make sure you compare the rates offered by the banks with those available from specialist currency exchange firms to get the best deal.

Company Details

Brazil relaxes visa regulations

Get a quick quote

Open Account with World First

World First are located at:
Regent House, 16-18 Lombard Road, , Greater London, SW11 3RB, United Kingdom

Get a Quick Quote

Newsletter Signup to CMT

Sign up to our foreign exchange newsletter to receive news updates directly by email

Compare Money Transfer will not Share your details!

Bank Exchange Rates Comparison

High St Bank Exchange Rate

All Rights Reserved: Copyright 2006 - 2018 Compare Money Transfer Limited offering FCA Regulated Suppliers - 34 New House, 67-68 Hatton Garden, London, EC1N 8JY. +44 (0) 843 357 4882