Quote:
Originally Posted by toupeira
Thanks Paul very sound advice I have to admit that i have gone off the boil slightly as far as Brazil is concerned but at the moment I am gathering a database, putting together a portfolio so that I can ask the right questions. At this stage one of the areas which is a bit grey seems to be definitions of the "Environmentel License" and how important this is. I also have been keeping a close eye on the economic climate in that country and have just posted a new thread on that subject for comment. Thanks again T
|
The Environmental license is imperative for any real estate project in Brazil as you can't get all the other required licenses without it. However while having the license is a good indication that things are on the right track, the mere fact that a project has it does not mean you can buy/sell the development. There are still several to be applied for and issued after that. Brazilian law is very strict on when a real estate project/development can be bought/sold and the Environmental license is too early a stage.