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Now, also as I understand it, it depends a lot on whether the broker or bank through which we invest accepts keeping our investments as non-residents or not, right? And also, it seems that the biggest problem is making new investments with funds from abroad, because the investments we already have, in shares and funds, for example, these could be kept without any problems, right?
I'm one of those small investors who find themselves in limbo. I left Brazil in 2019 (with no plans to return), filed my tax return in 2020 and was advised by my lawyer not to inform my bank and broker. I migrated my investments to products exempt from income tax and pension plans. I rent a property and pay income tax (with a foreign investment code) through an attorney in Brazil. I hope to get through unscathed.
Thank you Vinicius for fighting for this cause.
Vinicius Tersi is a lawyer, specializing in International Tax Law.