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Old 08-07-2007, 03:04 PM
wolfgang wolfgang is offline
Senior Member
 
Join Date: May 2007
Posts: 137
Thumbs up Legal Advice/project Delays In Brazil.

Jose,
That is probably the best posting i have read from a lawyer on a forum for any country...ever.
It is reassuring to know that someone with such an intimate knowledge of the Brazilian legal system is prepared to spend time providing such a detailed a truly comprehensive exposition of the intracacies and potential pitfalls involved.

I have been investing in international property for over 7 years ,though this is my first foray into Brazil, and with each individual jurisdiction having its own different laws and rules,to all intents and purposes, with each new country in which i choose to invest, my status is relegated to that of a comparative novice.Many thanks for filling the void.


Brazil would certainly appear to have its own little idiosyncracies and i would just like to strongly emphasize to anyone that is investing here,who may have bought into a project that appears to have been delayed or stalled that this, in itself,ought NOT to be a cause for concern.

The more i research this market ,the more it becomes evident that due to problems in the distant past,Brazil now has one of the most secure and protected property acquisition procederes in the world.

Project delays for example are often accountable to the rigourous procedures and specific laws passed by the government to protect us-the buyers.A developer here for example ,must not only obtain permission from the local municipality through City hall but ALSO from all the environmental and utility companies involved including COELCE(electricity),CAGECE(water,sewer),TELEMAR(te lecomms),IBAMA etc.Then there is the land registration and building licences-it really is a wonder that anything gets built at all!
It is therefore somewhat ironic that a system designed to assist us often has quite the opposite effect in reality.

Hopefully this will help to put a few fellow investors at ease.It should all be worth it in the end as the country has excellent potential.

p.s.Jose-hope you manage to generate some extra business for your law firm. I really have no problem whatsoever with that.I think we all realise that you are not a charity organisation-i am just pleased that you have taken the time and trouble to post. I cannot even obtain that quality of info from my existing lawyer, and they are being paid to provide it!

However, to conclude on a positive note,i have literally just uncovered what appears to be a quite oustanding opportunity just South of Fortaleza and would hope to be in touch soon.