SInce when is it difficult to repatriate rents/profits?
So if you own a property in Spain or anywhere in Europe or The US, Australia, ZA the first thing you can do is open a bank account..you cannot do that in Brazil without residence. That's the first hurdle. Likewise, if you rent and are not resident you have to use a third party agent or administrator ....who do not work for free. Then all external transfers have to go through the Bank of Brazil at their chosen rates. I also beleive that you need to prove that adequate funds in Forex were imported in the first place. This is before Lawyers and accountants get involved. How can you not say that Brazil is financially complex for foreigners....it is extremely difficult and awkward. Yet another illustration as to how an Agent is in denial as to the reality of doing business in Brazil and delude themself.
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