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ExpatNick
New Member
Hello,
A lot of posts relate to the proper method of sending funds into Brazil from outside in order to be able to re-patriate those funds later. It seems to me quite straightforward that incoming funds must be registered in the sender's/investor's name by the Central Bank of Brazil in order to permit those same funds to be removed when required.
My question is this: if I send 40kGBP, properly registered etc, when I decide to cash in on my investment, (hopefully) I will have substantially more than my 40k, so how do I repatriate the amount above that 40k? i.e. if I put 40k in, I'm allowed to withdraw only 40k, so what happens to the profit?
Any (valid!) responses most welcome: thanks in advance.
ExpatNick.
A lot of posts relate to the proper method of sending funds into Brazil from outside in order to be able to re-patriate those funds later. It seems to me quite straightforward that incoming funds must be registered in the sender's/investor's name by the Central Bank of Brazil in order to permit those same funds to be removed when required.
My question is this: if I send 40kGBP, properly registered etc, when I decide to cash in on my investment, (hopefully) I will have substantially more than my 40k, so how do I repatriate the amount above that 40k? i.e. if I put 40k in, I'm allowed to withdraw only 40k, so what happens to the profit?
Any (valid!) responses most welcome: thanks in advance.
ExpatNick.