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Hello,
I bought an apartment in Brazil and now I need to send the purchase price to the seller. I only have an account with nubank and the amount of the purchase is 540,000 reais and is above the amount that nubank authorizes. I've lived in Canada for over 30 years and have never worked in Brazil. So I haven't made a definitive exit declaration. I wanted to open an account to send this amount in dollars and then transfer it in TED to the seller.
What is the best way to send this amount? Would I have to send it in dollars directly to the buyer?
Thank you very much.
Hi Vinicius
I moved to Canada in 1991 and until recently I'd never heard of this declaration, as I've never worked or had any assets in Brazil and I've never made any income declarations. But here in Canada I have always worked and I have 2 houses in my name. I would like to sell everything I have in Canada and move back to Brazil. I will receive a pension from my company here in Canada and also from the government. I'd like to regularize it as soon as possible because I'm buying an apartment in Brazil. How do I do that?
Thank you
Sakine
Vinicius Tersi is a lawyer, specializing in International Tax Law.