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Originally Posted by Simon Eaton
I have read the above, I have not checked coconut grove but saw it advertised tonight. I have received due diligence documents and a dd report from their lawyer for coral beach, the developer is building roads and has also provided proof of application and approval for the infrastructure from the secretary of infrastructure. If all documents check out would you recommend an investment like this? Who are your legal team and what is their experience in Brazil, please provide me your lawyer details, as I would like them to assist me perhaps. Many thanks in advance.
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Secretary of infrastructure?
Never knew there was such a position. Make sure they have FINAL building approvals from the city hall (prefeitura), state environmental people (Adema is the name in Sergipe-they have other similiar names in other states) IBAMA (federal environmental dept.), the state department of highways (name varies from state to state), the department of the federal gov't. (união) that is responsible for "terreno da marinha", or land close to the sea, if applicable, etc.
The KEY in all this being FINAL approvals....a "licensa previa" is a pre-approval, and although good to have, and necessary, there are MANY things that can and do go wrong from that stage to the final stage.