05/02/22 @Daring12. Money transferI would think that with that big an investment planned, an Investor Visa would be more straightforward and involve less uncertainty for you than a Digital Nomad visa. Have you considered that?- @abthree
@abthree I did, thanks. However, I plan on staying in Brazil most of the year and I have US W-2 sourced income coming in and I don't want to run in to an issue of having to pay taxes on my US sourced income. Given that, I decided to go the digital nomad route as it is designed to protect my US sourced income form being tripped up by the Brazilian tax code even though it is only a one year visa and may end up annoying in other respects. But welcome your input on that if you think it is better to get an investment visa instead.
I do read some hope in to the fact that Article 2 of the DN authorization legislation (copied below in its original Portuguese) refers to the DN “na condição de visitante” as opposed to a resident.Art. 2o As atividades previstas nesta Resolução poderão ser realizadas pelo imigrante na condição de visitante, devendo ser observadas, de acordo com a nacionalidade, as regras aplicáveis ao prazo de estada e à exigência de visto de visita.
I just had a consultation with an attorney who told me that a U.S. state LLC can buy property directly in Brazil and be listed on the deed. I may end up going this route—transfer money from US trust to US LLC and then from US LLC to an account in the name of the US LLC in Brazil. The attorney mentioned that there is one bank that he works with that allows non-residents to open accounts in their name without having residency in Brazil and he suspects they will allow a U.S. LLC as well. The bank charges ridiculous maintenance fees (R$1000 a month) but to keep it open for a month or two to get this done might very well be worth it. Has anyone heard of such a bank (he wouldn't tell me the name until I hire him and I have some reservations about using him as he is a U.S. attorney who is very familiar with Brazil but I will still need to get Brazilian local counsel to handle the purchase in addition to him).
@Texanbrazil keep reading down. The rest of the blog entry goes on to say that Bradesco is the one exception and goes in to detail on how to accomplish it there.