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39 comments
For anyone who thinks broken accounts countries (such as Italy) who offer you "tax free/ low tax deals" are a good idea, think: how are countries with booming Debt / GDP, a growing aging population and low to no growth for decades plan to balance their books?
I just noticed that I'm not getting YouTube recommendation even though I'm subscribed with the bell. I guess they don't like this channel
Is it true some Singapore banks are refusing to open accounts for Canadians ? I tried to open an account with a Singapore bank following all their requests doing the process online before visiting Singapore and got the cold shoulder halfway through the process . No reason given just that they no longer open accounts for Canadians as of next week . Is this a new thing or am I just not sexy enough ?
Hope to see Live Like a King São Paulo. I feel that city is underrated for the many options it offers.
Eu vim procurando outro país e não o Brasil hahaha
Brazil is a dystopian nightmare – this is erroneous. And foreigners are taxed up the wazoo.
>I went to public school
💀💀💀
I'm from Brazil, what i would say is that our inflation can eat up the gains you've made if you deppends on doing the currency exchange to spend the money you earned. Brazil is not a "money hack" if it was, it would be a bigger market then it is today.
The only issue for a foreigner invest in Brazil is the exchange risk while Real is kind of volatile. If its a risk that may be fine for you, that’s fine.
you have to open a Brazilian bank account and with a stock broker account. But there is a catch, in jun 2012 two Brazilian real can exchange one USD, today its more than 5.5 real to one USD, so there is risk of exchange rates as well as stock!
Im from brazil and thats true but works only for a short period of time like 1 or 3 years, on long time you will lose lot of money cause of devaluation of current, many people do carry trade, got money from japan with low taxes and invest in brazil
You got to be kidding me. Brazilian political landscape is a mess, debt is skyrocketing, legal security is inexistant and Real is the 4th most depreciated currency in the past 10 years (60% vs Dollar) if we consider peaceful and democratic countries. As a Brazilian I moved with all my money to Canada. If you have appetite for risk, Brazil is a place that deserves your attention. Good luck!
Okay… let's go. There's an internal political debate about taxing the country's wealthiest and increasing the tax exemption for the less wealthy. The law to tax the wealthy was overturned by the Brazilian Congress, resulting in a stalemate between the executive and legislative branches, which reached an agreement.
Currently, the exchange rate for purchasing or remitting dollars is set at 3.5%. Before this stalemate, the rate was 0.5%. In other words, if you buy shares in Brazilian companies that distribute dividends, you'll receive them in a Brazilian account in local currency (Brazilian real)… and remit them abroad, paying 3.5% on the amount you earned.
Now, let's talk about companies. There are some companies in which the Brazilian government has stakes. In my personal opinion, these companies are the best to invest in. Do you know why?
Have you ever seen a city hall, a state in your country, or a poor country? The answer is no! So the Brazilian government wouldn't invest its public money… in companies that don't generate profits! Like Petrobras, Vale, or the company that builds and exports aircraft abroad, I'm talking about Embraer! These are some of the companies I would invest in, in addition to Banco do Brasil and Caixa Econômica Federal.
Now, do you really want to know if it's worth investing in Brazil? Research the life story of Luiz Barsi Filho. He started investing in 1970. In a 2021 interview, he said he received dividends per day… that's right, about $200,000 at current exchange rates.
Now comes the icing on the cake… The video mentioned the problem of the local currency being devalued. Correct.
But don't forget the big specter that's haunting Trump these days… called BRICs. BRICs are a group of countries representing 60% of the world's population. BRICs were created so these countries could trade with each other, that is, buy and sell, so they wouldn't be held hostage by the US dollar.
This is Trump's biggest fear: that the BRICs will create their own currency to compete with the dollar!
Now, if you've read this far and are smart… you'll be able to put the missing pieces of the puzzle together… and know the final outcome!
I'll give you a hand… if I buy stocks now… keep reinvesting the dividends by buying more stocks… and if by chance the BRICs create a new currency… will the dollar plummet? And will the new BRIC currency appreciate dramatically? And will the BRIC countries adopt this new currency?
Tell me what you think below.
High dividends are almost always a red flag. No company is bleeding dividends just for sake of. Do your own research first
I transformed my mining rewards into bellarium network—feels like finding the next Bitcoin.
Saying that there are lots o opportunities in Brazil reminds me of a real estate broker telling me that a run-down home has lots of potential.
Tax free 18% dividends but currency risk? If you believe the Real is going to decline, short (futures) an equivalent Real contracts to the initial real investment amount.
Brazil is a piece of 💩. Do not invest in here, you will lose money.
Rules in Brazil don't mean much. There is always a catch.
As a Brazilian, and a reader of your book, I must tell you that you're quite mislead on this one. If you were talking about agribusiness, that's another thing, but dividends from Brazilian companies are definetly not for the faint hearted, even if they look good on paper. If I were a foreign investor looking at Brazilian markets, I'd stay the f* away.
I have investments in Brasil that give me great return, way more than the ones I have in Canada. Very diverse portfolio. BUT, it’s in Brazilian Reais, so it depends on various factors. I intend to retire in Brasil, so for me it’s very interesting to have investments in both countries.
A government bill introduced in March 2025 proposes a 10% withholding tax on dividends for nonresident investors, expected to take effect from January 2026 if enacted. Thus, the “tax-free” feature may end soon for foreigners beginning in 2026. For now (mid-2025), dividends received by non-residents are still untaxed, but investors should be aware of pending reform.
Gringo living in Brazil here. Do not think of Rio when you think of Brazil. The southern states of Brazil are 1st world, clean, and safe yet still has that Brazilian level of fun. I honestly don't know how much longer the south of Brazil will remain a secret. There are few places left in the world this nice, but haven't been ruined by tourists and cost of living. If you can spend enough to get yourself residence, keep your investments in the US and transfer funds to Brazil as needed. It's not that complicated.
Nice video, but it is VERY important to remember that, in the same way Brazil will pay you 18% interest, it will pay in a currency that might EASILY lose 18% of its value against the USD in a single year. The Brazilian Real presents a HUGE exchange risk. (And I say that as a Brazilian myself).
Would not invest in Brasil
Bad president
Brazilian listed companies are not stable dividend payers, so don't get fooled by high payouts in a specific point in time, the payout can and will easily be cut as soon as the wind changes.
Dividends are just one type of distributions, they are CURRENTLY not taxed, but companies can also pay "interest over capital" which have 15% tax withheld before reaching the investor.
Also consider corporate income tax rates are around 34% in Brazil. What matters for total stock returns is income, not dividends. If income is highly taxed there is no point chasing tax-free dividends.
Several large cap stocks are government controlled, good luck partnering your capital with political party appointed managers instead of actual experienced leaders.
Commodities companies are not the low-cost producers in their sectors and usually have high financial leverage with high interest rates, good luck surviving low commodities prices periods.
Even what should be safe businesses can be heavily impacted by arbitrary government decisions, for example CCR that lost 20% value when the government unilaterally lowered road toll rates.
Oficial inflation is something like 4-5% yearly. If you live there the peerception should be smthg like 20-30%. But if you live in a country with lower inflation and get 15% interest yearly, not bad, not bad. (Where did you find 18%? Oficial central bank says 15%. Banks paying more that that are just marketing and limiting in a small amount you can invest or for couple of months taking this advantage)
'Brazil' and 'Tax free' don't belong in the same sentence, they just …. don't.
Brazil? Are you out of your mind?
That higher yield is not sustainable, the main reason it’s high is because the company has sold some of its actives and this money has raised the dividend temporarily, the PE ratio is also distorted due to all the sales
rampant inflation + sky-high national debt + non-stop currency devaluation. the usd/brl chart is truly grim. i reckon when you're dreaming of one day becoming a (top line) "seven and eight figure entrepreneur" this makes sense.
They are taxing 15% from 2026 and is getting worst
I'm brasilian and putting all my Money out of Brasil. It's a tax hell. Even so if you are Crazy put no more then 1%. It's not a safe place to park money. At least is no more a democracy, it's turning on Venezuela and the people is going out.
are you out of your mind? C'mon, you have NO idea how Brazil works.
LCA are like CDs but not get taxed either without the risk of market volatility. But if you are not a tax resident in Brazil then you still need to pay taxes in your home country.
Currently the interest rate in Brazil is 15% so the 18% dividend is just keeping up.
you are always with excellent new knowledge
No tax in Brasil in this case just until 2026!
brtc
Another good investment option of investiments in Brazil is the treasury bonds and corporate bonds, which pay 15% a year