Quote:
Originally Posted by nickohorny
why can't a foreigner open a bank account ? and when (if you do) do you think this will change and come into effect for Brazil?
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Banks are now requiring RNE (registro numero estrangeiro-foreigner registration number) numbers for foreigners opening bank accounts, although Banco Central states that foreigners can open accounts only with a CPF number, passport number, and proof of residency, it simply isn't the case in practice. Banks that open accounts for foreigners without a RNE number are required to do much more bureaucratic work every month in maintaining the account since banco central adapted stricter accounting requirements due to money laundering, hence, most ALL banks in Brazil today do not accept account holders without a RNE number. RNE numbers are only acquired through obtaining some type of permanent visa (investors, retirement, etc).