When you acquire tax residency in the United States – as can occur through the EB-5 visa – it is important to understand that, despite your new American status, the way your taxes are handled in Brazil may vary according to your specific situation.
Firstly, if you intend to stop being a tax resident in Brazil, you must follow the procedures established by the Federal Revenue Service, which includes submitting the Final Exit Declaration from the Country. This procedure officially informs the Brazilian authorities that you have adopted residency in another country, and you will then be taxed only on income originating in Brazil. Without this declaration, you may continue to be considered a tax resident in Brazil and thus be subject to taxation on your worldwide income.
If you decide to maintain investments or have sources of income in Brazil – for example, through real estate, financial investments, or businesses – you will still be required to declare this income according to Brazilian tax rules. This means that even while residing in the United States, the income from these investments must be reported and taxed by Brazil, always observing local deadlines and obligations.
Furthermore, remember that each country has its own tax regulations and that, although the United States taxes the global income of its residents, Brazil requires specific attention for those who maintain economic ties to the country. For this reason, it is highly recommended to seek guidance from professionals specialized in international accounting or tax consultancy, who can analyze your specific case and indicate the best strategies to avoid double taxation and properly comply with obligations in both jurisdictions.
It is important to emphasize that strictly following immigration laws and tax regulations is essential to avoid future complications. Be cautious of scams and marketing campaigns offering easy solutions or guaranteeing results without a thorough analysis of your tax and immigration profile.
We hope this information has clarified your doubts about tax filing and reinforced the importance of careful planning when assuming residency in the United States.
Learn more about EB-5 Visa
- Type
- Investment Green Card
- Min. investment
- US$ 800,000
- Jobs created
- Minimum 10 (full-time)
- Processing
- 24-48 months
Victoria Harper
Editor-in-Chief
Leading journalism and editorial content at Visto n’ Visa, Victoria helps make immigration topics clear, trustworthy, and easy to understand. Her focus is on delivering useful, human, and relevant content for people exploring new paths abroad.