Menu
Hello Dr.
An Argentine client purchased a property in Brazil using funds from the sale of a property she owned in Argentina.
He did the conversion through a bureau de change (the deed was presented to them), and paid for the property in cash, through a deposit in the sellers' account. She doesn't have an RNE, only a passport and a CPF, which was done to make the deed. We are unable to open an account for her here in Brazil. She would like to have an account because she intends to make another investment and it would be much more practical via bank transfer and also to make payments for the expenses of the property she has purchased (water, electricity, internet, IPTU etc.). What is the best way for her to make the next transactions, given the concern about having to declare IR? Does having an attorney help at all?
Vinicius Tersi is a lawyer, specializing in International Tax Law.