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5. FX and capital controls: Brazil

FX and capital controls in Brazil: how money enters and leaves, what it costs in IOF tax, what must be reported to the Central Bank, and how dividends, loans and capital get back out, each tied to the official text.

Investor view. Brazil lets money move freely with no amount limits, no approval to repatriate and new foreign currency accounts from October 2026, so capital that comes in can plan on getting out.

• FX and capital controls in Brazil: free convertibility, IOF costs and how to get dividends, loans and capital outBrazil has no capital controls in the classic sense: FX is free with no amount limits, and there is no approval to send dividends, interest or capital abroad, only proof that tax was paid. The real co

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