South American Real Estate News

Millions of foreigners moving into Brazil

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Millions of foreigners have moved into Brazil attracted by the economic expansion of recent years, while the number of Brazilians leaving the country has dropped dramatically, according to official data released last week.

Justice Secretary Paulo Abrao says there are 600.000 undocumented aliens Justice Secretary Paulo Abrao says there are 600.000 undocumented aliens

The Ministry of Justice estimated that two million foreigners were residing in Brazil last June, of which 1.4 million legally and the rest, mostly Bolivians, has no migratory papers.

Likewise the number of people from other countries who have proper migratory documentation has increased by 52%.

The number of foreigners arriving in Brazil contrasts with the number of those leaving the country: currently there are two million Brazilians living overseas against 4 million in 2005, said Justice Secretary, Paulo Abrao.

“With this migratory movement of economic origin, Brazil has again become a country of immigrants and no longer of emigrants”, added Abrao.

“The Brazilian economy is expanding, the international corporations are looking at Brazil with other eyes” and the number of people who choose the country to open factories, businesses has ballooned, according to Miguel Assis who arrived in Sao Paulo from Portugal, seven months ago.

Contact the Gateway to South America team to learn about the best investment opportunities in the region. The company is a benchmark for foreign investors wishing to invest in Argentina, Brazil, Uruguay and Chile, providing expert advice on property acquisition and investment tours.

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