Work permission comes before the contract
Ordinary permanent residence is not limited to MERCOSUR nationals. The MERCOSUR route depends on nationality, not residence in another member country.
Ordinary permanent residence. Eligibility depends on grounds and documents; MERCOSUR is a separate citizenship-based route
Check permitted activityForeign-company employees, freelancers, local employees and owner-directors are different legal scenarios. Company registration does not automatically authorize personally working for that company.
When tax obligations arise
Tax residence
Over 183 days in the calendar year or vital/economic interests. Brief absences may count.
Residence ruleRates & limitations
IRPF separates labor income and capital; do not combine them under one flat rate. New-resident relief requires checking the type of foreign income.
Tax authority sourceRates are marginal: they apply to the relevant slice of taxable income, not all earnings. A foreign client, crypto payment or offshore account does not automatically make income tax-free. Social contributions, VAT, deductions and treaties need separate analysis.
What to bring to a bank
- Passport and immigration-status evidence; local identification number if required.
- Address evidence: lease, registration or utility bill as specified by the chosen bank.
- Tax IDs and tax-residence countries; CRS/FATCA self-certification when requested.
- Regular income evidence: employment contract and recent payslips, or freelance agreements, invoices and statements.
- Origin of savings: statement trail, property sale or inheritance records. For crypto, keep purchase, trade and withdrawal history—not just a wallet balance.
Prepare contracts, statements, tax numbers and source-of-funds evidence. Banking eligibility and tax residence do not arise automatically with a visa. This is a preparation pack, not an account-opening guarantee.
Crypto: country rules, payments & cash-outWork, business & investment
Before buying a business, separately verify debt, licenses, staff, lease, accounts and your residence basis. A purchase agreement does not replace immigration approval. When networking, check the legal entity and counterpart's track record before transferring funds.
Work, business & investment routes