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retirement visa

jimwalkie

Hello,
i have avoided getting an RNE because i was waiting to bring free one time deal but the limitations are too many and not worth the shipping to save a little. i have been married 27 years with a great Brasilian woman.
Now my question is about the IR tax consequences of what i have to declare with a retirement visa? or if i need file a return at all. Isento?? I bought two retirement properties the past ten years. One in Floripa and the other at a Thermas apto . Hopefully somebody knows the answer as I am waiting to survive this pandemic first and then start the retirement visa process. Thanks... jim

See also

Living in Brazil: the °µÍø½ûÇø guideHow Do You Measure Your Property in BrazilU.S. Social Security Form 7162Social Security Form SSA-7162Managing retirement savings in Brazil
Texanbrazil

What visa are you in Brazil under?
You said you did not get an RNE (CRNM)?
Are the properties in your name?

There is a "disconnect" in my mind as to owning properties and not paying taxes in BR already
Retirement Visa is having proof of a minimum of $USD 2,000.00 per month.
I retired under a family reunion visa (CRNM). Bought a condo (No rental) and my wife had a home.
I pay US taxes on US income. To date I have no Income in BR, so no taxes here.

Agree as to exemption of bringing items with you. Too expensive and hassel

knedelisky

If you are married with a Brasilian ... I am guessing that it would better to get a resident visa through your marriage. 

A retirement visa isn't so great these days:  My husband and I are both Americans; we have been spending about 6 months per year in Brasil for the past 15 years - with only a tourist visa.  My husband just got a retirement visa and I followed along with him and got a family reunion visa.  The visa is only good for ONE!!! year.  Even the Federal Police, when we had our appointment to regiester with them,  couldn't understand why it would be for one year......but it is, at least for now.  Soon we will need to begin again the process to either renew/redo the visa. 

It is also our understanding that if we stay one day over 180 days, there will be tax implications.  We will need to file taxes in Brasil....even though we have no income in Brasil.

jimwalkie

I have been under tourist visas for over 30 years and never stayed more than 5 months  plus a few weeks.  For this reason. We have lived m SF and will continue until next year when I will start the process of a retirement visa and live some weeks in SF and work a few shows and events. Because I pay income tax and will continue in the US  like forever I  have no real income in Brazil and don't need it. I plan to be isento in Brasil.I am aware of the 2k requirement as my retirement income is over three times that. I will only pick the lowest monthly income as I don't  know the tax consequences in Brazil as Uncle Sam  already has both hands in my pocket. Thanks Jim 😊

Texanbrazil

Jim
Got it. As said much easier under the permanent resident. 60* no expiration.
Retirement is expiring every year until MJ is happy, Have the marriage cert translated and apostille and registered with the consulate, if not done already
I only speak of my tax situation. I am with HSBC US and they were in BR. HSBC now Bradesco helps me with RF. For 2 years I just showed US Tax Returns to my bank. Now they do not ask.
You may want to confirm your situation, I am not a tax expert and a retirement visa may have different stuff.
you must have 400 pgs stamped....... :o
Tex

jimwalkie

Thanks for the insight of the retirement  visa. I will look into all options coming next year. Jim

saintbonnet

hello,

I would like to know how you stay 6 months in Brazil on tourist visa, which is

for 3 months normally, do you get an extension? how and where to get your extension?

thank you
jean paul

Texanbrazil

90 days on an initial visa then 90 days on the extension
1 day before your first 90 days go to PF (at the airport would be quicker) applying for an extension.

abthree

jimwalkie wrote:

Thanks for the insight of the retirement  visa. I will look into all options coming next year. Jim


Permanent residency on the basis of family reunion is definitely the way to go.  The government still hasn't decided what it wants to do with the retirement visa, and with the pandemic this year, a presidential election next year, and an ongoing Venezuelan refugee crisis, it's probably going to be a while before they get around to it.  On the other hand, your wife, as a Brazilian citizen, has the right to have you live here with her, which means that you just have to follow the documentation rules, and you're in.  If you're over 60 your CRNM (ID Card) is permanent, and as long as you're not out of the country for longer than an unbroken two years, you're set for life.

As Texanbrazil said, if you were married in the US and didn't register your marriage certificate with the responsible Brazilian Consulate, you should do it before you come.  The Consulate will issue you a "Certidão Consular de Casamento" which will serve as your marriage certificate in Brazil, and will be accepted immediately by the Federal Police, and by the cartório for registration of your marriage here.  If your wedding took place in Brazil, of course, you already have a Brazilian marriage certificate, and are set.

With respect to income taxes, your best bet once you get settled is to find a Brazilian accountant whom you feel you can trust, and to follow that person's advice.  The US and Brazil do not have a tax treaty, so technically, a US °µÍø½ûÇø has tax exposure in both countries.  A local accountant can help quantify that exposure as the law is understood, which may not necessarily be the way that it seems to be written, or the way that an foreign accountant would try to apply it.