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Belem 'a good opportunity' for investment in Brazil

Date added: 26th May, 2010 at 09:53
(view all articles from May, 2010)

Categories: Economy

For people looking at property investment in Brazil, Belem in the Amazon region of the country could offer some excellent opportunities.

Invest in Brazil, an initiative aimed at drawing attention to the opportunities the South American country offers to international investors, highlighted the capital of Para state as a significant destination for foreign investment.

With a population of over two million, Belem is an Amazonian business hub. However, it is also a popular tourist destination, which means there are interesting opportunities for those purchasing buy-to-let property in Belem. Eco tourists are increasingly flocking to Belem, thanks to significant government funding for green initiatives and improved infrastructure in the city.

In spite of its focus on industry, Belem offers spectacular natural beauty and unlike some of the bigger Brazilian cities, there remains a great deal of off-the-beaten-track areas to explore. Not only does the city have beautiful beaches on Guajara Bay, but it is also surrounded by dozens of islets, most of which remain uninhabited and could be a draw to adventurous tourists looking to do something different on a day trip in the area.

Belem is served by an international airport, Val de Caes, which is one of the busiest in Brazil. Domestic routes connect the city to the rest of the country while frequent international arrivals and departures make the city easily accessible to foreign visitors.

And whether property investors in Brazil are considering Belem as a buy-to-let investment or a holiday home, the city offers many different options in terms of real estate. Everything from off-plan investment in residential buildings and apartments for those who prefer low-maintenance property ownership, to luxury villas is available to property investors in Belem.

According to Invest in Brazil, there are also added incentives to foreign nationals who want to invest in Belem. The country's federal government offers tax breaks and other benefits to foreign investors in Brazil, in a bid to attract investment. There are regional incentives aimed at the encouragement of investment in specific areas of Brazil, with the north-east of the country falling under the administration of Sudene, the Superintendence for the Development of the North East. Among the incentives are a reduction in the income tax of businesses established in the area and partial exemption from taxes levied by the state and municipalities.

And now might be a particularly good time to consider investment in Brazil, as the economy is expected to grow at the fastest rate for more than ten years during 2010. ADNFCR-1477-ID-19800154-ADNFCR