Send Money to Brazil Without Limits

We get asked all the time, “How do I send money to Brazil?” And we’ve covered it before in our article The Trick to Sending Money to Brazil. But it’s worth repeating because we’re routinely told it’s not possible to send more than US$10,000 or that a particular bank won’t send money to Brazil.

The fact is you can send money to Brazil and there are no legal limits. You’re either not doing it correctly or not working with the proper financial institutions or advisors.

If you’re the owner of a Brazilian company and sending funds to capitalize the business, you can send as much money as the company’s corporate documents say you’re contributing. If you’re buying a house, you can transfer the purchase price listed in the contract. There’s no law that prevents you from doing so.

Sure, US banks may have their own daily limits on sending international wire transfers. Receiving banks in Brazil might not have the ability to convert US funds into Brazilian currency. And if you’re sending funds without a written contract or legitimate purpose, you’ll certainly encounter resistance.

If you’re told you can’t do it or it can’t be done, ask why. It may be as simple as providing a copy of the backup documentation. International investors send large sums of money to Brazil all the time. The difference is how they do it. The next time you send money to Brazil, find an advisor with experience to help guide you through the process.