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brazil fgts

How to use FGTS to invest in a property

There are several situations in which the FGTS can be withdrawn, such as dismissal for cause, retirement, among others. There are situations where the worker can withdraw the fund, even when working. In this case, one of the most common situations is to purchase a property. It is important to be very careful when using it for this purpose, as there are some rules for the process. The first point is that the FGTS cannot be used for investment such as the purchase of a commercial property, that is, it can only be used for the purchase of a house. Another point, linked to this,…