10 October 2018217

If you give birth to a child in this country, you can get a passport for 2 years.

There is a significant risk that many of us today completely ignore. If you want to rid yourself of it, register a new residence or citizenship. For example, in Brazil, where you can give birth to a child and get a passport on this basis for 2 years. And you can also issue a residence permit (residence permit) of Brazil when buying real estate, move to this country and start the process of naturalization.

In recent years, it often speaks of economic and market risks. But there is a potentially even more significant risk that many today completely ignore. If you live, work, invest, own a business, open bank accounts or own assets in one country, you "put all your eggs in one basket." You are very much at risk, believing that in this particular country everything will always be fine.

But only one series of political upheavals, a natural disaster or a collapse of the economy is enough, so that you lose a significant part of your money and other assets, and perhaps even your freedom. Therefore, we regularly discuss the advantages of having a "B" plan. Plan "B" is a kind of personalized insurance policy that increases your freedom, protects your assets, helps you earn money and ensures that you can act from a position of strength, regardless of what happens (or does not happen) further.

And the presence of additional residency or, preferably, citizenship is the cornerstone of any successful plan "B". There are several ways to obtain a second citizenship. If you have ancestors from countries such as Ireland or Italy, you can get an additional passport of origin free of charge.

Or you can pay for obtaining an economic passport in countries such as St. Kitts or Malta, for example, investing your money (with the right to return in 3-7 years depending on the specific host jurisdiction) to the local real estate market or securities , as well as in business.

At the same time, it should be remembered that there are not so many countries where Russians, Ukrainians, Belarusians, Kazakhstanis, Azerbaijanis or other foreigners can apply for citizenship and relatives for themselves.

But their number is actively growing. So, only in the past couple of years, countries such as Jordan, Turkey, Egypt, Moldova and Montenegro have entered the world market of passport processing services to foreigners through the "citizenship for investment" programs.

There are also countries where you can be naturalized for a certain number of years and get a passport. But it is not necessary to live in a particular country for a long time to get a new passport there.

There are shorter ways to this document, and speech in this case is not about citizenship for investments, which, frankly speaking, can not afford to everyone. Today you will learn about an interesting alternative way to get a new passport relatively quickly.

Citizenship at the birth of a child in Brazil.

You can get Brazilian citizenship and passports for your entire family by giving birth to a child on the coast of that country or in some other part of the South American state. For example, in the state of Santa Catarina.

Tourism is a critical industry for the Brazilian state of Santa Catarina, so local officials have a powerful economic incentive to ensure security in the region.

Crime in Brazil is mainly concentrated in Rio de Janeiro and other megacities. With a kill rate of 12.9 per 100,000 people (about half the size of Rio), Santa Catarina is one of the safest regions in Brazil. In terms of security, this place is comparable to the popular Caribbean resort in the face of Bermuda.

Thus, having settled there, you can less worry about the safety of your family and focus on the tremendous advantages of Brazil. When your child was born in Brazil, you receive benefits for the newborn, all your older children, and also for you and your spouse. But that is not all.

First, your child will automatically receive Brazilian citizenship.

Secondly, your other children can immediately apply for "indefinite residency" (that is, for permanent residence in Brazil), which, as the name suggests, gives them the right to stay in Brazil for an indefinite period.

Third, as soon as your child, born in another country, receives a resident card, while he is at the age of 10 or younger at the time of receipt, he will also be entitled to accelerated naturalization. Within six to nine months of applying for accelerated naturalization, your child will receive Brazilian citizenship.

Fourthly, if your child is older than 10 years old at the time of the residency card, you can apply for citizenship for your child after you become a Brazilian citizen.

And, finally, right after the birth of your newborn baby in Brazil, you and your spouse will have the right to apply for "permanent residence for an indefinite period." This status, in turn, gives you the right to residence, tax residency and legal employment in Brazil.

Approximately 1 year after the registration of residence you can apply for citizenship of Brazil. You will need to pass a test of knowledge of the Portuguese language, and then wait a few months for the Brazilian government to process your application for citizenship.

So, within two years of the birth of a child in Brazil, all members of your family can get the second passport of this country in their hands. With participants in some programs of economic citizenship and investment residency, they charge hundreds of thousands of dollars for a plus or minus the same result.

In addition, the Brazilian passport is a very useful travel document. Citizens of Brazil enjoy the right to visa-free travel to 147 countries, including the Schengen area of Europe and the United Kingdom of Great Britain and Northern Ireland.

Brazilian citizenship comes with another advantage associated with the membership of the country in Mercosur (Mercosur). This is a trade union, which includes Argentina, Brazil, Paraguay and Uruguay.

Passport holders of these countries can also easily obtain a residence permit and work permits in other member countries. For example, in the same Paraguay, where you can quickly issue citizenship and profitably invest your money.

To be fair, it should be noted that Mercosur is not quite Schengen zone of South America. In the Schengen there are really no boundaries. In the case of Mercosur, the borders are eliminated by half, but not completely. In other signatory countries you still need to apply for a residence permit, work permit, etc. But these processes are much easier for citizens of Mercosur member states than for citizens of other states.

In addition, the benefits for registration of residency apply to associate members of Mercosur (Bolivia, Chile, Colombia, Ecuador, Guyana, Peru and Suriname).

Where else can you apply for citizenship at the birth of a child other than Brazil.

An additional passport and a lifetime citizenship is one of the best gifts that you can make to your children. And they can give this gift to their children and so on ... And everything will start thanks to your decisive actions.

Experts agree that Brazil is the best country for registration of permanent residency and new citizenship at the birth of a child. But there are other jurisdictions that deserve attention.

For example, the US and Canada. They are part of a group of approximately three dozen countries that follow the practice of granting citizenship by birth. Such states also include Antigua and Barbuda, Argentina, Barbados, Belize, Bolivia, Brazil, Canada, Chile, Dominica, Mexico, Nicaragua, Pakistan, Panama, Paraguay, Peru, Saint Kitts and Nevis, Saint Lucia, Paraguay, Peru , Saint Vincent and the Grenadines, Tanzania, Trinidad and Tobago, Tuvalu, Uruguay, Venezuela.

At the same time, some countries, including Australia and the United Kingdom, in recent years have changed the rules for automatic granting of the right to citizenship by birth or have completely stopped this practice.

Examples of countries that have completed this practice in recent decades or have changed the conditions for automatic granting of citizenship by birth: Thailand (1972), Portugal (1981), United Kingdom (1983), Australia (1986), India (1987) , Malta (1989), Ireland (2005), New Zealand (2006), Dominican Republic (2010).

Residence permit of Brazil when buying real estate.

By the way, you can register your residence in Brazil and start the process of naturalization in this country, among other things, through investing in the local real estate market.

And recently this step takes on additional meaning, because the average price tag for real estate in Brazil is declining - it's time to invest. Real estate prices in Brazil fell in August, which was preceded by a price drop for 7 consecutive months.

Over the past twelve months, property prices in Brazil, if we consider the situation as a whole for the country fell by 0.32 percent year on year. At the same time, inflation rose by 4.29 percent over the same period. This is evidenced by the data of the research company FipeZap, whose specialists control sales volumes and property prices in Brazil, analyzing the situation in 20 Brazilian cities.

In August 2018 in Rio de Janeiro was recorded a decrease in prices by 0.19 percent on an annualized basis. At the same time, the cumulative fall in the price of real estate in this megapolis for the past twelve months was -4.24 percent year-on-year. And for the period from the beginning of 2018, property prices in Rio de Janeiro fell by 2.65 percent compared to January-August 2017.

The average selling price of residential real estate was practically stable, having changed in August 2018 by only 0.06 percent (downwards) year-on-year, according to FipeZap. In general, for the period from January to August 2018, the average selling price of housing throughout the country fell by 0.29 percent on an annual basis, which corresponds to a real decrease of 3.14 percent, given the accumulated inflation of 2.94 percent over this period.

According to experts, the slowdown in market growth was expected for a long time due to the high price growth in previous years. At the same time, analysts say that after the crisis deepened, there was a sharp decline in demand for real estate in Brazil.

And real estate in Brazil loses in value even in real terms, that is, taking into account inflation. And the initiatives of local banks to increase the availability of mortgage lending is still not enough to reverse the dynamics of the market. In addition, experts note that to ensure the growth of property prices in Brazil will need to restore economic growth and improve the labor market.

Despite the downward trend, for the period from April to July 2018, the number of new real estate objects that hit the market across the country reached a mark of 25,483 units. This is 120 percent more than in the first quarter of 2018, and 20 percent more than in the same period in 2017.

As for the dynamics of the number of successfully closed sales transactions, it should be noted that sales of new real estate objects for the period from April to July of this year increased to 29,951 units sold, which is 33 percent more than in the same period last year.

As a consequence, sales outpace the speed at which new objects enter the market. At the same time, the total number of units available for purchase in June fell by fourteen percent or 124,715 available units.

Property prices in August ranged between cities controlled by the FipeZap index. Only six of the twenty cities surveyed recorded an increase in prices above 0.1 percent. The most significant increase was observed in Goiania (0.3 percent), El Salvador (0.26 percent) and Santo André (0.16 percent). On the other hand, the greatest decline was observed in Florianopolis (-0.49 percent), Porto Alegre (-0.4 percent) and Nitero (-0.34 percent).

In August, the average cost of selling residential property in Brazil was 7,529 Brazilian real for a square meter. Rio de Janeiro once again became the city with the highest price tag per square meter in the whole of the South American country (R $ 9,494). Then go São Paulo (R $ 8,796) and the Federal District (R $ 7,788).

According to the expats, the reason why prices in Rio is higher than anywhere else in Brazil is historical and is connected with the fact that the city of Rio de Janeiro was once the capital of Brazil. Since the period when all embassies were present in this city, housing prices there are higher than elsewhere.

Another reason is also connected with the difference in size between cities. So, Sao Paulo, which is much larger, offers more properties for sale, which is also the reason for the lower price per square meter.

If we talk about recommendations for foreigners interested in buying real estate in Rio or other parts of Brazil, experts advise all foreign investors who are thinking of investing in such an asset, hurry. Time can solve a lot.

Today, the dollar is worth R $ 4.1, and the euro is worth R $ 4.8. The course significantly subsided. This is due to the impeachment of the past president Dilma Russef and can be explained by the uncertainty about the future of the country. Once the new president is elected, the real estate market is likely to strengthen. Some reasonable investors have already understood this. As a result, local realtors began to observe much more interest and activity during the last months.

It is interesting that the Brazilians themselves willingly draw up investor visas in the Old World, choosing for this purpose Portugal.