Is it difficult to repatriate rents/profits?

[robh]

Originally Posted by Seanlord

ROB that is a total cop out. The guy challenged you to provide the info.If you know something,(which i now doubt) lets hear it and dont hide behind an immature " i know but i'm not telling you" attitude.

It isn't a total cop out at all, if Ralph was polite I would have willingly given him the info.

But he wasn't and he is a competitor so he can work it out for himself.

[robh]

Originally Posted by RalphJ

That was you that made that quote wasn't it? First of all I'll let you in on a little secret.... banco central is NOT a bank!! It doesn't have tellers nor an exchange or "cambio".

Banco Central of Brasil is like the Federal Reserve in the United States, they set the rules and laws that banks must abide by here in Brazil. One couldn't send or recieve money at Banco Central if he tried. I've been to banco central in both Salvador and Recife and have friends that work at both locations that I can and do phone directly whenever I need something. If you have a Brazilian business making a foreign investment in Brazil than you should've gone as well, to register your business and have access to your business online in banco centrals system.....it's called SISBACEN. And you and any partners need to have what is called RDE numbers that are provided to each partner by banco central.....not RNE(registro nacional estrangeiro), that is different. I know of all the methods that exist in Brazil to send/receive money to/from Brazil and there isn't ONE in existance where money is sent or received and the transfer is not registered with Banco Central and the rules of banco central are not applied.

Sending/receiving money to/from Brazil is anything but seemless and/or automated. The recipient or sender of funds internationally plays an active role in finding, liquidating, and justifying transfers both sent and received. It's not like the states or Europe where someone can send you a bankwire and the money just appears in your account....with the exception of small transfers for those that use transfast, and this has just happened within the last 18 months, and once again, for small transfers. It's even more time consuming and bureucratic if one banks at a bank that doesn't have it's own cambio or exchange, in which there are numerous. This requires much footwork on the part of the receiver and in some instances if trying to send internationally from a bank that does not have a cambio it's not even possible.

Sorry that mention of banco central should have been BdB.

[Golfingworld]

I am glad Ralph hasn't worked it out Rob as with your judgement call as to how simple and easy Brazil is to remit funds, at least he is on a firm footing by realising the difficulties.

This is a classic case of dillusion by an Agent, you don't need major commercial or economic skill to realise that Brazil is complex, outdated and laborious when it comes to financial matters. To claim it is as easy as anywhere else is just plain ridiculous.

And the idea that a tourist buggy operator who can now take payment or hold funds in forex rather than reis and this will lower the brazilian exchange rate, is even more ridiculous. In the EU and US thousands of tourist operators are holding Forex daily as they are free to do so..is this why our exchange rates go up and down?

I don't mind be castigated for being a nuisance on here, but when alleged property investment experts sprout such garbage is it any wonder that buyers are hard to find?

[debzor]

Originally Posted by robh

It isn't a total cop out at all, if Ralph was polite I would have willingly given him the info.

But he wasn't and he is a competitor so he can work it out for himself.

True, Rob, competitive edge should be guarded jealously. But if info exists that benefits the wider territory as a whole (eg a million square miles, or whatever!) then maybe it should be shared for the common good...?

[RalphJ]

Originally Posted by debzor

True, Rob, competitive edge should be guarded jealously. But if info exists that benefits the wider territory as a whole (eg a million square miles, or whatever!) then maybe it should be shared for the common good...?

Deb, I've been on the ground here for a decade. Work closely with the banks and have friends at banco central. There is NO method to send/receive internationally that doesn't have to abide by the rules/restrictions of banco central and also that is not registered with them. As I stated, the easiest way to RECEIVE small amounts of cash in Brazil is via Transfast, which is recorded with banco central but automatically appears in ones account without any footwork. Anything above 10,000 reais one has to physically appear at the bank to liquidate and justify in one form or another. To send from Brazil internationally there is only bankwire (SWIFT) and Western Union (limit $3,000 U.S.) and one has to have a banco do brasil account.

[FCZ]

Why you guys don’t open a thread for the CPF, money transfers, and taxes. And stick it somewhere (or the buying selling tips thread will do it?). For instance, starting with what takes to get a CPF, to register a property and pay the due taxes. Expats always have to do some footwork, in some countries are more difficult, some are easier than Brazil. I believe that to send/receive small amounts of money (up to US$ 3000) isn’t a big deal with a CPF. I have been away from Brazil for two years, and my HSBC branch to this for me (you sign a form and the bank take care, need CPF). For large amounts, property must have been registered (as any country, as far I’m aware). How much cost to register, comparatively with other countries? I believe these are municipal taxes, so the agent may answer that. For rental incomes, accounting offices usually take care, and they charge a minimum fee, especially for European standards. I’m not the one to thrown more confusion on this, but someone may take the lead (and burden), and post some definitive information, i.e., guidelines.
This thread should be reserved for flights and, eventually, drinks… not the moderator though…

[robh]

Since my posts seem to be getting deleted by the moderator I am closing this thread as I don't see the point of being castigated but not being able to respond.