
Considerations for Oil & Gas Expats in Brazil
Several regions in Latin America have been either temporary or longer-term homes for expatriates in the oil and gas industry, for example, Rio de Janeiro, Ciudad del Carmen and Maracaibo. Given the mobile lifestyle of the typical O&G Expat (let’s abbreviate to OGE), we believe they would reap the benefits of taking independent financial advice. Whether a […]

Tailor-Made Independent Advice
Let’s talk about the role of an international independent financial advisor… that’s quite a mouthful so we’ll shorten it to advisor. The essence of our job is providing peace of mind… not beating the market in the short term. Disclaimer: We are providing guidance and personal opinions which should not be interpreted as investment or tax […]

Leveraged Portfolio: Financing an overseas property purchase
Disclaimer: The following article is for educational purposes and should not be interpreted as a specific financial recommendation. Please see our disclaimer here. Expats in Latin America have limited routes to raising finance for the purchase of a local property. Offshore bank mortgages (e.g. Isle of Man, Jersey) for the purchase of Latam properties are […]

Update: Declaration of Brazilian Capital Overseas (DCBE)
On 30 July, the CMN (Conselho Monetário Nacional) raised the minimum declaration requirement for residents of Brazil. The limit was multiplied by 10, from US$100,000 to US$1,000,000. Only individuals (pessoas físicas) holding the equivalent of US$1M overseas are required to complete the annual DCBE (Declaração de capitais brasileiros no exterior). The decision was taken to reduce the cost […]

Investment solutions for British expats, resident in Brazil
Let’s discuss some of the main savings and investment options available to British expatriates, resident in Brazil, and the key considerations which an independent financial advisor should take into account. We’ll focus on solutions in the UK and in OFCs (offshore financial centres). Note, all assets, income and realised gains should be declared in your […]

Declaration of Brazilian Capital Overseas (DCBE)
Foreign capital owned by Brazilian residents must be registered with the Central Bank of Brazil – Banco Central do Brasil – in a form known as the Declaração de Capitais Brasileiros no Exterior (DCBE). * * UPDATE re. declaration limit * * Registration is via self-declaration for all overseas assets above the equivalent of USD […]

UK and US expats: Will lockdown affect your tax residency status?
What if Harry and Meghan were residents of Brazil? Coronavirus travel restrictions have resulted in many individuals exceeding the maximum number of days to maintain their non-resident status in the UK and US. The question is whether these extra days will be considered as being in ‘exceptional circumstances’ for the purpose of determining […]

Reminders for Expats filing Brazilian Tax Returns (IRPF 2020)
The deadline for the Brazilian tax return (IRPF) has been extended from 30 April to 30 June. Nevertheless, we recommend that you prepare your tax return as soon as possible and not leave it to the final week! If you are filing for the first time in Brazil, we recommend that you seek the help of […]

Financial Decisions in Times of Coronavirus
Let’s discuss how to structure our decision-making during this coronavirus uncertainty. In our monthly breakfast seminars – Financial Markets Café – we often ask our guests to highlight what they consider to be potential geopolitical risks and triggers of market volatility. This became increasingly important in 2018/2019 during the late stage of one of […]

2020 Financial Tips for Expats in Brazil – Part 2
Welcome to Part 2. Here are some more practical and actionable tips for expats and long-term foreign residents in Brazil. Much of the content is also useful for Brazilian nationals and Mercosul residents. Disclaimer: We are providing guidance and personal opinions which should not be interpreted as specific investment advice! 6. Tax return (IRPF) 7. […]