International Money Transfer to Brazil

Foreign Currency Exchange to Brazil

Brazil has a history of extreme regulation of money entering or leaving the country. Although recent laws have been passed to reduce the red tape, everyday banks such as Bradesco, Itau, and Banco do Brasil are prepared to handle only the most basic transfers.

We can help you with money transfers to Brazil and money transfers from Brazil. We have assisted many clients with money transfer needs through first-rate currency exchange banks in Brazil.

Money Transfer to Brazil?
We Can Help You

[email protected]
(214) 432-8100
+55-21-2018-1225

#1  Contact us to get a free quote, or
#2 Schedule a Consultation now.

Currency Exchange in Brazil

We help companies and individuals overcome the brutal bureaucracy in Brazil when it comes to sending money to Brazil. Our specialty is assisting with one-off currency advice related to significant events you may face in Brazil, such as:

1. Purchase or sell a house or another type of real estate in Brazil
2. Move or relocate to Brazil
3. Form a business entity in Brazil
4. Investments in Brazil
5. Receive proceeds from an inheritance
6. Receive proceeds from a lawsuit
7. Payment of royalties
8. Other FX transactions involving Brazil

We Can Help You

As a law firm assisting foreign citizens in sending money to Brazil, we help our clients navigate Brazilian banking regulations, ensure compliance with anti-money laundering and other financial regulations, and approve via partner banks the transfer of funds across borders into Brazil.

How a law firm can assist with an international money transfer to Brazil:

1. We know the regulatory landscape: Brazil has specific regulations around international financial transactions, including requirements for reporting large transactions and restrictions on certain types of transfers. As an attorney, we keep updated with the latest regulations so we can help your money transfer to Brazil comply with the law.

2. Explain the tax implications: there may be tax implications for international money transfers into Brazil. We discuss some of the tax aspects of such transactions although also recommend our clients secure a qualified CPA in Brazil.

3. We communicate clearly with our clients: Money transfers can be complex and confusing, especially for clients who are not familiar with the process. We communicate clearly and regularly with our clients, so they understand what’s happening at each step of the process.

4. We work with reputable banks: When facilitating international money transfers to Brazil, it’s important to work with reputable financial institutions that have experience with cross-border transactions. This can help ensure that the transfer is completed smoothly and securely.

Money Transfer to Brazil?
We Can Help You

[email protected]
(214) 432-8100
+55-21-2018-1225

#1  Contact us to get a free quote, or
#2 Schedule a Consultation now.

Examples of Cases in Which Foreign Citizens Use Our Currency Exchange Advisory Services

Examples of cases in which foreign citizens might use the service you provide to send money to Brazil:

1. A foreign investor who wishes to purchase real estate in Brazil and needs to transfer funds for the transaction.
2. An expat living outside Brazil who wants to send money to their family or friends in Brazil to cover living expenses or medical bills.
3. A business owner outside Brazil who needs to pay suppliers or employees based in Brazil.
4. A foreign retiree who is moving to Brazil and needs to transfer their pension or retirement savings to a Brazilian bank account.
5. A foreign national who has received a monetary judgment or settlement in Brazil and needs to transfer the funds back to their home country.
6. A foreign worker who is temporarily employed in Brazil and wants to transfer their earnings back to their home country.
7. A foreign national who wishes to make a charitable donation to an organization in Brazil and needs to transfer funds to the organization’s bank account.
8. A foreign investor who wants to invest in a Brazilian startup or business and needs to transfer funds for the investment.
9. A foreign citizen who is purchasing a luxury item such as a yacht, car, or artwork in Brazil and needs to transfer funds for the purchase.
10. A foreign citizen who is paying for Brazilian medical treatment such as plastic surgery or dental work and needs to transfer funds for the treatment.
11. A foreign citizen who is paying for a Brazilian adoption or surrogacy process and needs to transfer funds for the process.

Brazil Money Transfer for Expats

Expats from all parts of the world have relied on our advisory to send money to Brazil safely. The main reason for expats to send money to Brazil is to purchase property in Brazil.

Brazil Money Transfer for Investors

Investors from abroad need help to get their money into Brazil properly. Investors send money to Brazil to form business entities, purchase real estate, and invest in general investments in Brazil.

Brazil Money Transfer for Businesses

Businesses also rely on our Brazil money transfer service to buy goods, expand locally, and get their business running in Brazil.

Money Transfer to Brazil?
We Can Help You

[email protected]
(214) 432-8100
+55-21-2018-1225

#1  Contact us to get a free quote, or
#2 Schedule a Consultation now.

How the Process Works

Step 1 – Consultation

You schedule a consultation with our attorneys.

In this consultation, we discuss your remittance need and explain the options available and the documents needed.

Step 2 – Currency Exchange Bank Selection

Based on your transaction, documents available, and overall goals, we will select a Brazilian currency exchange bank to handle the currency exchange.

Step 3 – Organize the Paperwork

We will advise you on the documents required and review the documents provided to make sure they meet the currency exchange bank requirements.

Step 4 – Approve the Transaction

We work closely with the currency exchange bank to have your transaction approved. Once approved, you will receive the so-called “bank channel” which means the exact instructions to wire the funds into a bank account in your country of origin (available to main countries) to have the money remittance started.

Step 5 – Release the Funds in Brazil

After you deposit the money into the indicated bank account in your country of origin, the Brazilian currency exchange bank will work to record the transaction with the Brazilian Central Bank as per the current banking regulations and effect the currency exchange. Once the exchange is completed, the Brazilian currency exchange bank will release the funds in a Brazilian bank account previously indicated by you.

Money Transfer to Brazil?
We Can Help You

[email protected]
(214) 432-8100
+55-21-2018-1225

#1  Contact us to get a free quote, or
#2 Schedule a Consultation now.

Why Can’t I Use Any Brazilian Banks?

Because of the brutal bureaucracy in Brazil when it comes to money transfers. For amounts over USD10,000, it is necessary to use a bank to handle the transfer. And, if you are using the traditional Brazilian banks, God bless your heart. You will need limitless patience and persistency to get the transfer completed.

Traditional banks with branches across Brazil are usually plagued by low efficiency when it comes to sending money to Brazil. Issues such as lack of knowledge at the branch, disconnection between the local bank manager and the back-office, and a need for dozens of emails and phone calls to “find the transfer” may be needed, but these banks may still get the transfer done.

Why Foreign Currency Exchange to Brazil is So Difficult?

Everyday banks in Brazil do not specialize in currency exchange. Because of that, such banks will handle only the most basic transactions. Their reasoning is that their margins are just too small to run any risks. The risks posed by a currency exchange come from fines that the Brazilian Central Bank will levy for transactions involving money laundering or other illegal activities. Banks in Brazil tend to be overzealous to avoid being fined during the frequent audits by the Central Bank. 

Frequent Questions

Q: What is your money transfer service for sending funds to Brazil?
A: We work through partner Brazilian banks to provide a secure and efficient way to send money from anywhere in the world to Brazil. Our service allows you to transfer funds – no matter how much – quickly and easily, with competitive exchange rates and low fees.

Q: What are the fees for your money transfer service advisory?
A: Our fees vary depending on the amount of money you’re transferring and the method you’re using to send the funds. We offer competitive rates and strive to keep our fees as low as possible. You can contact us for a quote based on your specific transfer needs.

Q: How long does it take to transfer funds to Brazil using your service?
A: The transfer time can vary depending on the purpose of the transfer and the amount of money you’re transferring, and the recipient bank’s processing time. However, we strive to make our transfers as fast as possible, typically taking between one and three business days.

Q: What documents do I need to provide to use your money transfer service?
A: The documents required will depend on the purpose of the transfer. Document requirements that are common to most transfers include your name, address, occupation, civil status, contact details, proof of address, proof of income, as well as a copy of your government-issued ID. Depending on the amount of money you’re transferring and the destination country, we may also need additional documentation for compliance and security purposes.

Q: How do I make a money transfer to Brazil using your service?
A: To transfer money to Brazil using our service, the first step is to schedule a consultation with our attorneys. They will review your goals and advise on a specific path for your transfer. We’ll guide you through the process of setting up your account, selecting your transfer options, and sending the funds.

Q: Is my money safe when using your money transfer service?
A: Your money is as safe as it gets when working with official banks.

We work exclusively with currency exchange banks registered with the Brazilian Central Bank. We work with our partner banks to ensure compliance with all applicable laws and regulations.

Q: Can I track the status of my money transfer to Brazil?
A: Once a transfer is approved and you get your wire transfer initiated, funds usually arrive overnight in Brazil. You can also contact us for updates or assistance at any time during the transfer process.

Q: What is the maximum amount of money I can transfer to Brazil using your service?
A: We don’t have a maximum transfer limit. Actually, most of our clients come to us because they need to send large sums of money not supported by other banks. Contact us for more information on how to transfer larger amounts of money to Brazil.

Q: What should I do if I have a problem or question about my money transfer to Brazil?
A: If you have any questions or concerns about your transfer, please don’t hesitate to contact us. We have a dedicated customer support team available to assist you with any issues or inquiries you may have.