Expat Advice: Financial Issues in Brasilia, Brazil
What is the name of the city or town that you are reporting on?
Brasilia
Which banks do you use? If you have a local account, which bank do you use? How do you like it? Do you also have an account in your home country? Which bank? Do they charge for ATM withdrawals? Do they charge a lot for international wire transfers? How has it been working with them from abroad? Do you use a special international wire transfer service? Do you use an online bank? If so, tell us about them.
Before retiring in Brasilia, expats should familiarize themselves with the local language, Portuguese, as it is the official language of the country. Additionally, expats should research the cost of living in Brasilia, as it is higher than other parts of Brazil. It is also important to understand the healthcare system in Brazil, as expats may need to purchase private health insurance. Additionally, expats should research the visa requirements for living in Brazil, as they may need to apply for a permanent residency visa. Finally, expats should research the cultural norms and customs of the local population, as this will help them to integrate into the local community.
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