Can Russian Citizens Buy Real Estate in Brazil and Send Funds from Abroad?

Many Russian citizens buying property abroad are now looking at Brazil as a way to diversify assets and lifestyles. The question that comes up again and again is:

Can a Russian citizen legally buy real estate in Brazil and transfer money from abroad for the purchase?

The short answer is often yes—but the real challenge is not usually Brazilian property law. Instead, it’s the international banking and sanctions environment that Russian buyers must navigate carefully. [1] [10]

This guide explains, in practical terms, when and how Russian citizens can buy real estate in Brazil, how to send funds from abroad (including from non-Russian banks), and where specialist Brazilian legal support makes a difference. [1] [5]

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1. Good news: Brazil allows foreign ownership, including Russian citizens

From the perspective of Brazilian real estate law, a Russian citizen buying property in Brazil is treated like any other foreign buyer in most situations. [2] [4]

• Foreigners can freely buy urban real estate: apartments, houses, and commercial units in cities such as Rio de Janeiro, São Paulo, Florianópolis and other popular destinations for Russian investors in Brazil. [2] [5]
• What Brazil restricts more heavily is rural land and certain sensitive areas (near borders or military zones). Those purchases may require special approvals and are not unique to Russians. [4] [11] [12]

Brazilian law does not single out Russian nationals. So, as a rule, Russian clients interested in purchasing property in Brazil will need the same core items as any other foreign buyer:

• A CPF (Brazilian tax ID) [5]
• A properly drafted public deed and registration at the Real Estate Registry [3] [14]
• A power of attorney if they will not personally attend the closing in Brazil

In other words, from an ownership point of view, real estate in Brazil for Russian citizens is legally possible and quite common in the urban market. [2] [5]

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2. Where the real difficulty lies: sanctions, banks, and compliance

The real complexity for Russian real estate buyers in Brazil comes from:

• U.S., EU and UK sanctions on Russia, and
• The risk-averse policies of banks all along the payment chain.

A few key points:

• Sanctions are not based simply on nationality. A Russian passport by itself does not usually make a transaction illegal. What matters is whether the person, bank, or company is on a sanctions list or located in a fully embargoed region. [10]
• Many Russian citizens are not individually sanctioned, especially those who live and work outside Russia.
• However, banks often adopt extremely conservative policies, closing or refusing accounts of Russian clients even where a transaction is lawful. That’s why Russian citizens often struggle to send money to Brazil through ordinary channels. [1] [10]

For Russian citizens buying property in Brazil from abroad, the main questions are:

1. Is the buyer, or any entity involved, explicitly sanctioned?
2. Are any intermediary banks (often in the U.S. or EU) prohibited from handling Russia-linked payments?
3. Is there a clear, documented source of funds for the Brazilian purchase?

If these points check out, the legal framework often allows the transaction—but it must still be structured carefully.

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3. When can a Russian citizen send money to Brazil for a property purchase?

From a compliance standpoint, a Russian investor purchasing real estate in Brazil can typically send funds from abroad if the following conditions are met:

3.1 The buyer is not on a sanctions list

The Russian client is not listed personally on U.S., EU, or UK sanctions lists.

Any companies involved in the purchase are also not owned 50% or more by sanctioned persons.

This is usually checked through SDN (Specially Designated Nationals) list screening and similar tools. [10]

3.2 The funds do not come via a prohibited bank or region

The money for the Brazil property purchase is held in a non-sanctioned bank (for example, a bank in Georgia, Turkey, the UAE, or another third country).

The transaction has no connection with comprehensively sanctioned regions (such as certain parts of Ukraine) and does not use Russian banks subject to full blocking measures. [10]

This is especially relevant for clients asking “Can I buy property in Brazil if I still bank in Russia?” The answer is nuanced and depends on which Russian bank is involved and how the flow is structured.

3.3 The sending bank is willing to process the transfer

Even if the law allows the transfer, some banks will say “no” to any transaction involving a Russian passport holder, especially for amounts like USD/EUR 100,000+ used to buy apartments in Brazil.

That is why Russian clients often ask for help structuring “how to transfer money from abroad to buy real estate in Brazil” in a way that banks understand and accept.

3.4 Brazilian FX rules are respected

All foreign buyers—Russians included—must comply with Brazilian foreign-exchange rules:

• The money must arrive through a licensed Brazilian bank or FX broker. [5]
• The transfer must be recorded with a proper purpose code (purchase of real estate). [5]
• The buyer must pay IOF (Tax on Financial Transactions) at the rate applicable on the date of conversion. [15]

These rules apply whether the buyer is Russian, American, or any other nationality. [5]

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4. Two common profiles: Russian living abroad vs. Russian resident in Russia

A) Russian citizen living and banking outside Russia

Many Russian citizens buying real estate in Brazil are now tax-resident in other countries (for example, Georgia, UAE, Cyprus, or Turkey). They hold savings in non-Russian banks.

In this profile:

• From a sanctions perspective, it is usually easier: the buyer is outside Russia, uses a non-Russian bank, and often has a tax residency certificate in that country. [10]
• The key issues for the bank and for Brazilian authorities are:
  • Clean KYC (Know Your Customer) documentation
  • Clear source of funds (contracts, invoices, payslips, or sale of an asset)
  • Assurance that no sanctioned person or bank is involved anywhere in the chain

This is a typical scenario for a person who searches for “how can a Russian citizen buy property in Brazil while living abroad” and is often manageable with proper support.

B) Russian citizen resident in Russia, banking in Russia

This is more complex, particularly for people searching “can I buy a house in Brazil if I live in Russia?”

• Several large Russian banks are under full blocking sanctions, meaning foreign banks may refuse or freeze transactions. [10]
• Even for “allowed” personal remittances, many foreign intermediaries now reject transfers originating from Russia as a matter of internal policy.

In such cases, transferring funds to Brazil may still be legally possible, but the structure must be designed carefully and assessed both under foreign sanctions and under Russian capital control rules. This is very fact-specific and requires individual legal advice.

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5. Brazilian side: what Russian buyers need to know

Even when sanctions are not a problem, Russian buyers of real estate in Brazil face the same Brazilian local challenges as any foreign purchaser—plus some extra scrutiny.

5.1 CPF and identification

To be listed on the deed and to pay taxes, the client needs a CPF (Cadastro de Pessoas Físicas). This can usually be obtained via a Brazilian consulate or directly in Brazil. [5]

For SEO: this is often part of searches like “documents required for Russian citizens buying property in Brazil”.

5.2 FX registration and taxes

When Russian investors in Brazilian property send money to Brazil:

• The funds must go through a registered FX contract with a Brazilian bank or authorized FX institution. [5]
• The buyer pays IOF on the conversion. Rates can change, so timing and correct classification matter. [15] [19]
• All paperwork must match: FX contract, property contract, and bank statements.

5.3 No title insurance, no traditional escrow

Brazil does not offer U.S.-style title insurance or a standard escrow system. For a Russian buyer used to European practice, this is a major cultural and legal difference. [3] [14]

• Payments are often made before or simultaneously with the public deed.
• Security depends on thorough legal due diligence and the final registration at the Real Estate Registry.

This is why Russian citizens purchasing real estate in Brazil should not rely only on a broker or developer: they need independent counsel.

5.4 Extra scrutiny by Brazilian banks

Brazilian banks are increasingly cautious with Russia-related transfers. Even when everything is legal, the compliance department may:

• Request extra documents about the origin of funds
• Ask for evidence of tax residency outside Russia
• Delay the release of funds pending review

Having everything ready—KYC files, tax returns, contracts, explanations about the client’s move abroad—helps reduce delays.

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6. Practical roadmap for Russian citizens buying property in Brazil

Here is a step-by-step roadmap that fits common scenarios of Russian clients purchasing apartments or houses in Brazil:

Step 1 – Sanctions and bank checks

• Verify that the client’s name and any involved entities are not on sanctions lists.
• Confirm that the sending bank and any correspondent banks are also not sanctioned.
• Understand the bank’s internal policy regarding Russian clients to avoid surprises.

Step 2 – Choose the right route for the money

• Whenever possible, use a non-Russian bank in the country where the client is now legally resident.
• Avoid banks known to reject Russia-linked transfers, even where legal.
• Coordinate with a Brazilian FX provider who has experience with high-value property transfers for foreigners. [5] [19]

Step 3 – Prepare a complete KYC / source-of-funds package

For a smooth transfer of funds to Brazil for property purchase, prepare:

• Passport and proof of current residence (e.g., Georgia, UAE, Turkey)
• Tax residency documentation, if available
• Contracts, invoices, or sale deeds showing how the money was earned
• Bank statements showing the accumulation of savings

This package will be requested by both foreign and Brazilian banks.

Step 4 – Set up the Brazilian legal structure

With help from a Brazilian real estate law firm experienced with Russian clients, you should:

• Obtain or regularize the CPF [5]
• Run full due diligence on the property and the seller [17]
• Prepare or review the purchase agreement and public deed [16]
• Draft a power of attorney if the buyer will not attend the closing in person [20]

Step 5 – Close and register

• Sign the public deed before a notary. [3] [14] [18]
• Ensure that the deed is registered at the Real Estate Registry—this is the moment the Russian buyer legally becomes the owner in Brazil. [3] [14] [18]
• Store all documents: FX contracts, SWIFT messages, KYC file, and registration receipts.

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7. How Oliveira Lawyers supports Russian clients buying property in Brazil

Oliveira Lawyers is already positioned to serve Russian citizens interested in Brazilian real estate, because our services cover exactly the pain points foreign buyers face [13]:

• Transferring money to Brazil: we assist when Brazilian banks are slow or reluctant to release funds from abroad.
• Due diligence on Brazilian property: we verify title, debts, lawsuits, and risks before the buyer wires their life savings.
• Power of attorney and remote closings: ideal for Russian clients who cannot easily travel to Brazil. [20]
• Closing and registration: from the public deed to registration at the Real Estate Registry, ensuring legal ownership is perfected. [3] [14]
• Litigation and dispute resolution: if something goes wrong with the seller, developer, or intermediary, we can act in Brazilian courts.

By combining property law expertise with cross-border and sanctions-aware structuring, we help Russian clients safely navigate the entire process—from deciding to buy an apartment in Brazil as a Russian citizen to holding a properly registered title. [2] [3] [14]

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Final takeaway

• Yes, Russian citizens can buy real estate in Brazil, especially urban property, provided they respect Brazilian law and international sanctions. [2] [10] [5]
• The main challenge is not the purchase itself, but sending funds from abroad in a compliant way that banks will accept.
• With the right structure, documentation, and a Brazilian real estate lawyer experienced with Russian buyers, it is possible to complete a secure and lawful property purchase in Brazil.

Book a consultation — fast, clear answers

If you are a Russian citizen considering a property purchase in Brazil, each detail matters: sanctions, banks, FX rules, and the local closing process. Our team can review your profile and your intended deal structure before you sign a contract or move funds.

• Review of your sanctions and banking profile before you commit to a Brazilian property.
• Guidance on money routes, FX documentation, and timing so transfers are less likely to be blocked.
• Independent due diligence on the property, seller, and contracts before large deposits leave your account.
• Full support with POA-based closings, deed registration, and post-closing risk checks in Brazil.

Book a consultation now

References

1. [1] Full Service FAQ — Buying Real Estate in Brazil — Oliveira Lawyers.
2. [2] Real Estate Services in Brazil — Oliveira Lawyers.
3. [3] Real Estate Attorneys & Legal Services in Brazil — Oliveira Lawyers.
4. [4] Land Ownership in Brazil by Foreigners — Oliveira Lawyers.
5. [5] How to Buy Real Estate in Brazil as a Foreigner — Oliveira Lawyers.
6. [6] How to Make an Offer for a Property in Brazil — Oliveira Lawyers.
7. [7] The Real Estate Closing Costs in Brazil — Oliveira Lawyers.
8. [8] Buy Brazilian Real Estate with Bitcoin — Oliveira Lawyers.
9. [9] Brazil Golden Visa (Permanent Residency – VIPER) — Oliveira Lawyers.
10. [10] Ukraine-/Russia-related Sanctions — U.S. Department of the Treasury (OFAC).
11. [11] Acquisition or Lease of Rural Properties in Brazil by Foreigners — Madrona Advogados.
12. [12] Real Estate Laws and Regulations Report 2025 — ICLG.
13. [13] Full Service FAQ — Buying Real Estate in Brazil — Oliveira Lawyers.
14. [14] Buying Property in Brazil as a Foreign Investor: A Full Legal Guide — Imóveis Su Misura.
15. [15] IOF: Tax on Financial Transactions — CLM Controller.
16. [16] How to Draft a Purchase & Sale Agreement for Real Estate in Brazil — Oliveira Lawyers.
17. [17] Real Estate Due Diligence in Brazil — Oliveira Lawyers.
18. [18] How to Review the Public Deed of Sale (Escritura) in Brazil — Oliveira Lawyers.
19. [19] How to Pay Registration & Taxes When Buying Real Estate in Brazil — Oliveira Lawyers.
20. [20] Power of Attorney for Real Estate Transactions in Brazil — Oliveira Lawyers.
21. [21] How to Attend a Real Estate Closing in Brazil — Oliveira Lawyers.