Open a bank account in Brazil

No BureacracyA bank account in Brazil is a valuable necessity when doing business in Brazil. The Central Bank of Brazil allows both foreign individuals and businesses to open bank accounts in the country. However Brazilian banks are required to offer bank accounts and services to non-residents. Most bank tellers are not even aware of this “special” procedure. Not to mention every bank have their own unique procedure for setting up an account and that can take you to a minefield full of red tapes.

Open a Brazilian Bank Account

At CKSA, we provide you all the support for opening a bank account in Brazil

Through our firm, you can be sure that your Brazilian bank account will be opened, as we know deeply the dynamics of Brazilian banks.

CKSA’s Brazilian Bank Account Opening Service*

– Price: US$ 750.00 – Enquire Now

*Your checking or savings account comes linked with a Bovespa Brokerage Account

** For a detailed description of what is included in this service, read the section below: “Brazilian Bank Account Opening Process“.


Do I need to be in Brazil to open my bank account?

If you try to open a Brazilian bank account by yourself (without intermediaries), the answer is yes. However, through CKSA’s consulting service, you do not need to travel to Brazil to open your account. We have a partnership with Brazilian banks. This way, our local officer goes to the bank branch representing you and endorses the opening of the account.


Documents required for opening a bank account in Brazil

Globe For Individuals:

Open a Brazilian Bank AccountCPF number
Foreigners opening a bank account in Brazil must have a CPF number, which is the identification for individual taxpayers. If you don’t have a CPF number, see how to obtain one here Arrow.

Open a Brazilian Bank AccountRNE or Passport
Foreigners applying for a bank account in Brazil need to present a passport or a RNE, the identity card issued to foreigners in Brazil.

Open a Brazilian Bank AccountProof of address
A proof of residence is essential. But it doesn’t need to be from Brazil. It may be from your country of residence and it is even better, since the address shown on the document will be used for sending cards, passwords and bank statements.

Open a Brazilian Bank AccountVisit to a branch in Brazil (not required for CKSA customers)
It is essential that the client comes to Brazil to open the bank account personally. However, through our consultancy service, that’s not necessary and you will be able to open your bank account in Brazil, remotely. We fulfill this requirement by sending one of our attorneys for the interview.

Globe For Companies and Organizations:

Open a Brazilian Bank AccountCNPJ number
Foreigner companies opening a bank account in Brazil must have a CNPJ number, which is the identification for corporate taxpayers. If your company don’t have a CNPJ number, see how to obtain one here Arrow.

Open a Brazilian Bank AccountPassports of entity signatories
Foreigners applying for a bank account in Brazil need to present a passport or a RNE, the identity card issued to foreigners in Brazil.

Open a Brazilian Bank AccountProof of address
Proof of residence only for directors or managing members applying for debit/credit cards. But it doesn’t need to be from Brazil. It may be from your country of residence and it is even better, since the address shown on the document will be used for sending cards, passwords and bank statements.

Open a Brazilian Bank AccountVisit to a branch in Brazil (not required for CKSA customers)
It is essential that the entity’s signatories comes to Brazil to open the bank account personally. However, through our consultancy service, that’s not necessary and you will be able to open your bank account in Brazil, remotely. We fulfill this requirement by sending one of our attorneys for the interview.


Brazilian Bank Accounts modalities:

Open a Brazilian Bank AccountBrazilian Checking Account

Bank account with or without “cheque especial” (margin limit). Account holder makes transactions through debit cards, checks and online banking. It may be an individual or joint account. You have access to all investments, products and services of the financial institution.

Open a Brazilian Bank AccountSavings Account

Savings account is not only a modality of brazilian bank account, but one of the most traditional financial investments in Brazil. Brazilians consider this kind of account a safe have. Based on the resources saved, the bank pays an interest rate of 0.5% per month, applied to the values updated by the Referential Rate (TR). The financial institution credits the Yields monthly and no income tax is charged.


Brazilian bank account opening process

Our fee this assist you in opening a Brazilian bank account amounts to US$ 4,000. Our fee includes:

  1. CKSA’s Banking Specialists Team completing personal/corporate banking account application forms on your behalf and then obtaining your signature.
  2. Our Team elaborating a detailed account opening plan (for individual applicants) or a detailed business plan (for corporate applicants) relating to your activity to support the bank account application.
  3. Our Team submitting bank account application forms and account opening plan/business plan to the bank, together with the personal or corporate due dilligence information described above.
  4. CKSA’s local officer in Brazil attending your bank interview in Brazil on your behalf, describing your professional or business activities and explaining why you need a bank account in Brazil.
  5. CKSA opens your Brazilian bank account without your visit to Brazil.
  6. CKSA’s local officer in Brazil paying the initial deposit to the branch of the Brazilian bank, on your behalf and emailing a scanned copy of the deposit bank slip to your email, as verification.
  7. On your behalf, CKSA’s local officer applying for internet banking facilities. This step refers to the internet banking registration only. The bank will send you two separate correspondences with first access instructions and credentials.
  8. CKSA’s local officer applying for ATM card, credit cards and check book on your behalf. Cards, check book and PINs will also been sent directly to your address in different correspondences.

No Red Tapes

With CKSA Consulting Services, it’s easy to open a Brazilian Bank Account and do business in Brazil. You manage your investments while we deal with the bureaucratic part for you.

Open your bank account in Brazil now*

– Price: US$ 750.00 – Enquire Now

*Your checking or savings account comes linked with a Bovespa Brokerage Account


Related:
Arrow Incorporate a company in Brazil
Arrow How to get a CPF in Brazil
Arrow How to get a CNPJ in Brazil