Do I need a green card or U.S. citizenship to buy property in Miami?
No. Foreigners can buy property in the United States without a green card, without citizenship, and without a residency visa. The buying process is the same for Brazilians living in Brazil.
Do I need a U.S. visa to buy?
Not for the purchase itself — the entire transaction can be handled remotely, with power of attorney. A tourist visa (B1/B2) is only needed if you want to visit the properties in person.
Can I finance a Miami property while living in Brazil?
Yes, through so-called foreign national loans. In general, lenders require 25% to 50% down, charge higher rates than for residents, and the process takes 45 to 60 days.
How do I send the money from Brazil for the purchase?
Through a foreign exchange contract with an authorized bank, declaring the purpose of the transfer. Exchange planning should start early so it doesn’t delay closing.
Is it better to buy in my own name or open an LLC?
It depends on your wealth and your goals. An LLC is common for privacy and organization, but it has tax and succession implications in both countries. Decide with a cross-border attorney before making an offer.
What taxes apply to the property?
Annually: property tax, property insurance and, in condominiums, the HOA fee. On a future sale, there is a 15% withholding under FIRPTA. And note the estate tax: for non-residents, the exemption is only US$60,000.
Can I rent out the property and earn income in dollars?
Yes, observing the condominium rules — some allow short-term rentals, others require long-term leases. Rental income is taxable in the U.S.
How long does it take to close the purchase?
In cash, closing usually takes 2 to 4 weeks. With foreign-buyer financing, 45 to 60 days.
Do Brazilians pay tax in Brazil on property abroad?
The property must be reported on the Brazilian income tax return under “Bens e Direitos.” Assets of US$1 million or more require the CBE filing, and capital gains on a sale are calculated via GCAP.
Why buy with a Brazilian broker in Miami?
Because the process spans two systems — the Brazilian and the American one. A broker who understands both sides helps you avoid costly mistakes with exchange, documentation, tax structure, and succession.