Rise in Work Visas for Foreigners
With the economic crisis still holding its grip on the world, Brazil is one of the most attractive countries for foreigners in search of overseas opportunities and this is reflected in the number of work visas being issued.
The number of permanent work visas granted to foreigners by the Brazilian Ministry of Labor and Employment during the first semester of 2012 stood at 3,848, more than double the number granted during the same period the previous year. Likewise, during the same six-month period, 799 visas were granted to company directors and administrators, a figure almost equaling the total number issued to the same category of professionals throughout the whole of 2009.*
In turn, the sharp rise in the number of skilled foreign technicians responsible for the installation of imported machines and equipment entering the country was a significant factor in the increased number of temporary visas issued.
The greatest demand for overseas skilled labor comes from the Oil and Gas sector, which accounts for an impressive 30% of all the work visas issued.
The increased number of work visas issued reflects the expansion of foreign and local investment in those sectors dependent upon machines and equipment, as well as those which are reliant upon specific technology and know-how.
“The increased levels of investment have arisen due to Brazil’s recent low interest rates which have in turn led companies to invest in machinery that can assist in making the productive sectors more competitive and expanding the workforce,” said Thomas Felsberg, Founding Partner of the Felsberg e Associados law firm.
The temporary and permanent work permits for foreign workers required by the Brazilian authorities are issued by the Ministry of Labor and Employment and the respective visas by the Ministry of Overseas Relations through the consulates abroad.
“The requirements for obtaining work permits are quite complex and these need to be fulfilled in order to protect the local work force,” explained Claudia Maniaci, Partner and Coordinator of one of Felsberg e Associados’ Corporate Departments. “We have seen a dramatic rise in the number of clients requiring our services in this area over the last year,” she continued.
* – Source – Ministry of Labor and Employment.
Felsberg e Associados’ Corporate Department has staff specialized in handling clients’ visa and employment authorization needs. For more information contact Melissa Machado on (55 11) 3141-3662.