Banking Registrations in Brazil

Basic Banking Transactions

Funds can be remitted to Brazil only upon compliant registrations with the local banks. To send money to purchase real estate in Brazil, for instance, you need to at least get the transaction approved with a Brazilian bank. Such approval will require many documents including but not limited to:

• Purchase and sale agreement
• IDs and Tax IDs for both parties
• Proof of financial capability of the remitting party

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Direct Investments in Brazil

To allow foreign investors to invest in Brazilian companies or other opportunities, the registrations will go beyond the ones required by the Brazilian bank. It will also be necessary to register the transaction with the Brazilian Central Bank.

Such registration, in addition to mandatory, will allow the investor to receive payment of profits later on.

Foreign Loans to Brazil

One common investment by mid-size investors in Brazil is lending money to local Brazilian real estate developers. The risks associated with such loans may be substantially limited by the establishment of liens in the underlying real estate projects.

RDE - ROF: Electronic Declaratory Registration of Financial Transactions

RDE-ROF stands for "Registro Declaratório Eletrêonico de Operações Financeiras". Know more about how to file the RDE - ROF: Electronic Declaratory Registration of Financial Transactions.

Contact Us Now
info@oliveiralawyers.com
+55-11-4349-1915 Brazil
+1-212-300-7174 USA
Get a Quote Today!