Non-Resident Account (NRA)

Your financial bridge to Brazil. Open an account with Trace Finance under a multi-bank structure, fully compliant with all Bacen regulations.

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Easing your financial connection to Brazil

Trace's Non-Resident Account (NRA) is designed for companies without tax residency in Brazil. This account allows non-residents to manage their financial resources in Brazilian reais within the country without limitations, facilitating investment operations, import and export activities, payment of services, and payment processing.

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Benefits

Flexibility

Enjoy the flexibility of conducting financial transactions in Brazil without the constant need for currency conversion.

Account management

An excellent option for centralizing accounts payable and receivable in Brazil, eliminating the need for symbolic currency exchange.

Financial planning

Simplifies asset and liability management for non-residents, allowing for better resource allocation and financial planning.

Reduced fees

Transfers between accounts under the same ownership (from Brazil to abroad and vice versa) benefit from a reduced IOF tax rate of 0.38%, compared to the standard rate of 1.1%.

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NRA for payment facilitation companies (EFX)

Achieve more efficient management of international cash flows, making it easier to receive and send payments across different jurisdictions. The NRA provides a means to conduct transactions in Brazilian reais directly, reducing costs associated with frequent currency conversions and increasing agility in financial operations.

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