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). Registration is via self-declaration for all overseas assets above the equivalent of USD 100K in value on 31 December 2019. […]
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. […]
2020 Financial Tips for Expats in Brazil – Part 1
Welcome to the first part of our early Christmas present for our readers. We have compiled some practical and actionable tips for expats and long-term foreign residents in Brazil which are all based on a variety of client cases and feedback. Much of the content also applies to Brazilian nationals. Feel free to comment below or […]
Oil company executive: Deciding between pension options
A client was recently offered pension options by his former employer, a US energy multinational. He had worked in the company for over a decade whilst contributing into the pension scheme. Currently 57, he would start receiving income in 8 years, when he is 65. The options were: Keep in existing employer scheme until 65th […]
Key principles for a successful client-advisor relationship
Our mission statement is to help our clients make well-informed financial decisions. This means we need to understand where they are today, what they are aiming towards in the future and how to prioritise these objectives. Being a personal financial planner for expatriates and international executives is a vocation rather than a job for a […]
US Expat Tax Planning: FATCA, PFIC and Year-end planning
FATCA – Foreign Account Tax Compliance Act Many Americans living overseas are unaware of the potential tax liabilities they could be facing in near future. US citizens have a permanent obligation with the IRS to file an annual tax return and a foreign asset statement (FBAR), above a certain threshold). FATCA regulations have resulted in […]