Banking, Foreign Exchange, and Financial Transactions

Banking and foreign exchange are the areas where foreign companies in Brazil are most exposed from an operational standpoint. KYC standards are stringent, and the nature, documentation and, where applicable, information reported to the Central Bank for each transaction must be consistent.

What it solves

Account openings held up due to incomplete or inconsistent documentation

Foreign exchange contracts that do not match the Central Bank’s records

Foreign investment flows without proper classification or without the information required in SCE-IED, where applicable

Why It Matters

A subsidiary cannot operate without a functioning bank account. Errors here hold up payroll, supplier payments, dividends, and the company’s very ability to receive its capital.

What Global Bridge Does

We coordinate account opening, KYC, and onboarding with Brazilian banks
We coordinate documentation and the operational interface with authorized financial institutions for foreign exchange transactions related to capital, dividends, royalties, services, and intercompany flows
We coordinate the reporting of applicable information to the Central Bank in the SCE-IED and SCE-Crédito systems, according to the nature and reporting criteria of each transaction
We act as the operational interface between the foreign treasury and the local bank

Typical Situations

A new subsidiary opening its first bank account in Brazil
Capital contribution or loan from a foreign shareholder
Dividend distribution or repatriation requiring registered capital
KYC update in which the bank requires updated corporate and ultimate beneficial owner information

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Commitment

Discuss the right mix of practices for your Brazilian organization.

Most engagements begin with representation and governance and then expand to operational coordination. We’ll recommend only what your situation truly requires.

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