How to Make Investments in Brazil, a Panel Discussion in Rio

By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL – Although the economic scorecard in Brazil is not as strong as it was several years ago, it remains a destination for new foreign investments – such as China’s recent US$53 billion – as well as appealing option for individuals. Expert in financial planning in Brazil, Amit Ramnani from Ipanema Wealth, will be sharing some of his knowledge during a panel discussion at The Rio Times TALKS event on Wednesday, May 27th at La Calaca restaurant in Leblon.

Investing in Brazil can seem uncomfortably complicated initially, but with the recent announcement that Brazil’s central bank raised its benchmark interest rate to 13.25 percent, many foreigners living here are paying attention to their options.

Mr. Ramnani explains, “As long as you have a CPF and proof of address, you can access most options i.e. bank accounts, retirement plans, direct shares and fund platforms. The choice of assets should be in line with the personal objectives and risk profile of the individual.”

He cautions, “While many simply leave their money in a high interest bank account, one should bear in mind that high inflation and bank fund charges reduce the real rate of return.”

In terms bringing money in and out of Brazil, Ramnani shares some of the basic considerations. “Firstly, one needs to consider the currency volatility. We have seen the Dollar – Real exchange rate move between 1.65 and 3.30 in the space of four years,” noting, “One could argue that now is a good time to buy Reals and take advantage of buying opportunities in the financial and property markets.”

Then of course there are tax reporting issues to be aware of as well, which Ipanema Wealth can help with. “From a fiscal point of view, U.S. citizens, who are subject to a global tax reporting system, often buy Brazilian mutual funds, which are not IRS-compliant and potentially subject to a higher rate of capital gains tax. It is recommendable to seek tax advice here.”

Those unclear about how financial planning fits into the process, Ramnani describes, “We advise expatriates who are based in Brazil and other parts of Latin America, really anyone who has an interest in their financial future. Many work in multinationals including the oil and mining sectors.” Adding, “We work on a fee-basis and bring in specialists and certified professionals from our team and wider network when required.”

No matter what one’s familiarity is with financial planning, or the stage of life they are in, getting advice from an expert is always the smart money. Mr. Ramnani will be one of three speakers on Wednesday evening, which also includes Mathieu Piques from Europartner speaking about setting up a business in Brazil, and Alessandra Marzano from Rio Exclusive who will talk about buying property in Rio.

Entrance to this event will be limited to fifty places, and a guaranteed seat requires pre-purchasing a ticket for R$50 online. If seating is still available on the night of the event, entrance will be R$80 (cash only). In addition, the hosts La Calaca will have a small R$30 minimum consumption with special promotions of: R$10 margaritas and R$20 gourmet taco plates.

The event will be moderated by Kim Levone from Improbable Comedy, and include a short comedy introduction by her team. Find out more and stay updated on new announcements and promotions by joining the Facebook Event page.

What: The Rio Times TALKS Series
When: Wednesday, May 27th, 7-9:30 PM
Where: La Calaca Restaurant, Av. Ataulfo de Paiva, 1240, Leblon, RJ
Entrance: R$50 reserved online/R$80 without (cash only), plus R$30 minimum consumption