Brazil Wants an Easier Way to Send Money Back Home

One of the proposals of the Brazilian government, in New York, at a meeting attended by over 58 heads of state is to give special treatment to money sent by immigrants. The group formed by Chile, Spain, and France and led by Brazil wants the developed countries to adopt measures making it easier for foreign workers to have inexpensive access to financial institutions.

The group formed by Chile, Spain, and France and led by Brazil wants the developed countries to adopt measures making it easier for foreign workers to have inexpensive access to financial institutions


The idea is for immigrants not to have to pay a lot in taxes when remitting funds to their home countries.


“This money is normally used for basic expenses, such as food and housing, and therefore constitutes a secure, alternative sources of funds for developing countries,” states the report delivered at the UN meeting.

According to data from Brazil’s Ministry of Foreign Relations, there are currently over two million Brazilians living abroad, equivalent to more than 1% of the country’s population. Figures from the Central Bank show that approximately US$ 2.6 billion are transferred to Brazil every year.

For Maria Sargento, a Brazilian who has been living in the United States for six years, the money she sends to Brazil has the character of an investment. “I always send money to buy an apartment or a house,” she says.

On the other hand, for Antônio Carlos Almeida, who is 38 and has lived in the state of Connecticut for 15 years, the money he transfers to Brazil serves the family. “I have to help my parents and brothers and sisters,” he points out.

Agência Brasil
Reporter: Paula Menna Barreto
Translator: David Silberstein

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  • Show Comments (9)

  • Remit2india Service

    Remit2india Money Transfer
    Remit2India, Part of the Times of India group, offers a speedy way to sending money to India.

  • Daniel

    I can help you send money from the US to Brazil at the absolute lowest cost
    I can help you send money from the US to Brazil at the absolute lowest cost. Email me at daniel dot rascoe at gmail dot com.

    Eu posso ajudá-lo a enviar o dinheiro de os EUA para o Brasil com o menor custo absoluto. Passar uma messagem para daniel ponto rascoe aroba gmail ponto com.

  • Kylin

    A great new website for sending money is sharechange.com

  • Guest

    Xoom
    My wife and I always send money from the U.S. to Brazil using http://www.xoom.com We’ve been very happy with their service and they don’t cost as much as Western Union.

  • Guest

    Employemnt in Salsa Cruise in Malaysia
    I need URGENT confirmation that this Salsa Cruise in Malaysia does exist!

  • Guest

    Yes
    I think in some countries one can send up to $5000 USD through the services of the western union..

    I have used it from Malaysia to Brasil

    Best regards!

  • Guest

    best way to send money to brasil
    I need to send my savings from the US to Brazil, but given the low dollar exchange rate I want have it in dollars there. Does anyone know what would be the best way ?
    To send small quantities, I always use western union, but I don’t know if that would work for larger quantities.

  • Guest

    uh
    Its pretty difficult to send money out from where I work in India to brasil

    Almeida

  • Guest

    Salsa Cruise Malaysia
    Iam working with Salsacruise in MALAYSIA and have been able to send money back home in brasil without difficulties..is it difficult any where else??

    Ann

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