quarta-feira, 26 de junho de 2013

Opening a Brazilian Bank account for non-residents

See also:

-Financial investments by non-resident in the Brazilian financial and capital markets


Can you have a Bank account in Brazil if you don't live here? Yes.


The Central Bank of Brazil authorizes the opening of bank accounts in Brazil by individuals and entities who are non-residents.


However, in addition to the fact that Brazilian banks are not obliged to offer such service, each bank has its own procedure, which are, in most cases, unreasonable and too complicated.

Opening a non-resident bank account will require a - CPF (If you don`t know what a CPF is, please read this article). 



These accounts are usually very limited in the services they provide. Also, they are expensive to maintain. 


The non-resident account is more appropriate for investments in Bank Bonds (that provide interests similar to the Brazilian basic interest rates) and Poupança (a savings account that pays 6% of interest per year). 


Some banks will be willing to open bank accounts for non-residents against a minimum initial deposit of USD 100,000.00.  


I have contacts with a limited number of investment banks that provide this service. But compliance evaluation is very strict. 


Some people will prefer to incorporate in Brazil and use a corporate account, instead of managing a non-resident account. 




7 comentários:

  1. it have very authentic process by Brazilian Bank account for non-residents. that should be better future planing. thanks for post.

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  2. Adler - how is this procedure different for opening bank accounts for a foreign company? In other words, a company without a CNJP?

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    Respostas
    1. It is much harder for a foreign company. The bank will ask for more documents, reference letters, etc.

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    2. Hello Anonymous and Adler! We aren an American company with subsidiary in Brazil and we support foreigner companies bank account opening in Brazil. Visit our website: www.cksa.us

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  3. Hello Anonymous and Adler! We are an American company with subsidiary in Brazil and we support foreigner companies bank account opening in Brazil. Visit our website: www.cksa.us

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  4. Thank you very much for sharing information that will be much helpful for making coursework my effective.

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