Bloomberg Tax
Aug. 21, 2023, 6:57 PM

Brazilian Investment Funds and US Pre-Immigration Tax Planning

Gessimbergue Monteiro
Gessimbergue Monteiro
Monteiro Law
Felipe Medaglia
Felipe Medaglia
Souza Akawa

Wealth planning for a Brazilian high net worth family moving from Brazil to the US requires a comprehensive analysis of their overall tax and financial picture. If a Brazilian family intends to keep financial positions and investment holdings, such as Brazilian investment funds, in Brazil, planning is especially necessary.

Investing in Brazilian investment funds is common for Brazilian families. According to the Brazilian Association of Financial and Capital Market Entities (ANBIMA), Brazilian funds totaled approximately $5.2 trillion Brazilian Reais in equity in 2019. Its popularity is in no small part directly related to the tax advantages offered to its unitholders ...

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