Quote:
Originally Posted by bana1104
Hi All,
I was speaking with a few agents and it seems i could by propertys in brasil without register you money in central bank.
One of the agents who i was spoken said me i could transfer the money for one europe account.
Is it Possible ????
in my opinion it seems ilegal but i don't know anything about laws.
Someone could explain me this ?
Thanks
Jo
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Jo,
You can do this, but you will have problems getting the money out of Brazil when you sell.
So it is probably not worthwhile doing unless you intend to hang on to the property forever or else you can find someone to buy the property off you later by also not registering their money with the central bank (not too likely).
Regards,
Rob.