For many decades people from around the world have immigrated to Brazil; making it a hotspot of cultural diversity. Doctors, researchers, investors, skilled workers, professors, teachers, aeronautical specialists, pilots, and similar professionals are highly encouraged to apply for immigration.
As stated earlier, Brazil is in an economic recovery mode, backed by positive predictions from world-leading financial institutions. This makes Brazil a very lucrative and viable option for people who are planning to immigrate.
How to apply
Aspirants seeking to work for a short period are required to obtain a work permit. After getting necessary approvals from the Ministry of Justice and Immigration Consular, the applicant can get his/her temporary visa processed. The validity of the visa is subject to the nature of the work.
Marriage and other direct blood relationships to a Brazilian citizen automatically make a person eligible to apply for immigration. The country offers immediate permanent residency, to people who satisfy the immigration office that they are willing to invest an amount of US$100,000 in a business.
Specialists in the field of science, mathematics, literature, etc. who have an extraordinary academic record are also offered immediate residency provided they have a valid job offer in Brazil.
Branch offices of companies operating outside the country and looking for expanding into the country get three visas for CEOs, managers, etc. The validity of such permanent residency is two years, which can be renewed after certain criteria are fulfilled.
It is noteworthy here that Brazil is among those few countries where a resident can lose his/her permanent residency if he/she leaves the country for 2 years at a stretch. However, application for a new permanent visa.
In another scenario, a person can lose their permanent residency if they cease to satisfy the eligibility criteria, they had initially qualified to obtain residency. For instance, an investor withdraws the minimum investment criteria or a scientist no longer pursues research, and so on.
A person living legally in Brazil for four continuous years becomes eligible for citizenship. For people who engage in a matrimonial relationship with a Brazilian citizen, this period is one year. A child born in the county from at least one Brazilian parent becomes a citizen by birth.
Even after becoming a Brazilian citizen, a person can hold its previous citizenship due to the law of dual nationality in force since 1996.
The economy of the country
The Federative Republic of Brazil is a sovereign developing country in South America. The population of the country is over 211 million and ranks 5th in terms of geographical area. Brazil has a mixed economy ranking 12th in the world with regards to Gross Domestic Product (GDP) and 8th based on Purchasing Power Parity (PPP).
At the turn of the new millennium, this country diversified its industrial base from primary agri-goods (sugarcane, wheat, cotton, etc.) to secondary finished products such as steel, alloys, etc. During the first decade of the millennium, Brazil’s economy flourished and became one of the fastest-growing economies in the world. An unprecedented 5% GDP growth annually brought the country into the limelight. At one point in time during that period Brazil’s GDP surpassed that of the United Kingdom.
Unfortunately, in 2013 Brazil entered a period of global recession and experienced a landslide decline which officially ended in 2017. As a natural reaction to recession unemployment widened to almost 12%. However, the country’s economy has started to improve now with a steady 1% average annual increase in GDP in the past five years.
The Corona Virus pandemic shook the economy of Brazil at its core, and the country encountered a negative 4% GDP decline in 2020. However, the World Bank has predicted the GDP to jump up to 5.3% in 2021 as the market recovers back to its demand and supply patterns.
The new democratic regime is completely focused on privatizing state institutions that are bleeding finances. President Jair Bolsonaro champions free trade, an ingredient extremely vital to creating a vibrant flourishing economy.