If you are one of the Brazilians who want to make a real estate investment in Florida should start thinking about opening a bank account in the United States. The good news is that you don't even have to leave Brazil to do so. Here are some explanations about the advantages of opening an account in the USA and how to do it. 

Why open an account in the USA?  

If you want to buy a property in cash, it's important to have the account to make the purchase. movement of this large amount of money. Since it's unlikely that payment will be made in cash. 

If you want to invest through bank financingIt's even more important to have an account with a US bank. This is because these are the institutions that make the loan possible. You can easily get a loan from the bank you have an account with. E, with up to 70% of the house value financed

In addition, the value shipments made directly from an account in Brazil to an account abroad have a lower tax collection. This way you can save money when making transactions. 

With regard to the economy, the advantage of having an account in the USA is that during visits to the country you can use a US debit or credit card instead of a Brazilian one, which is subject to the exchange rate transactions of the day. 

Credit Score

If, rather than investing in the US, you want to live in the country, opening an account is necessary to manage your financial life. More than that, having access to an account, a debit card and a credit card contributes to accumulate points in your credit score

When making the Social Security Number citizens also receive a credit score. A scoring system that rises as you consume in the country, use credit and pay everything on time. These points give the citizen a title of trust for future investments, granting credit and even emergency access to health care in the country. 

How do I open an account in the country? 

If you want to open an account in person, it's very simple and quick. You need to go to a bank branch with your passport and provide a residential address, which can even be in Brazil.

Normally, an account maintenance fee of around US $$ 10 per month is required. From there, the customer is entitled to a debit and credit card and access to internet banking. The tip for choosing a bank to open an account with is choose one that has branches all over the countrywhich is convenient when traveling around the USA. 

You can still open an account in the USA from Brazil. The procedure is legal, you just have to declare everything in your income tax.

Discover The Florida Lounge concierge services. We offer an exclusive 360º consultancy involving all processes related to living in Florida and investing in the region.

 

Real estate investment from bank financing 

As mentioned at the beginning of this article, one of the biggest advantages of opening an account in the USA is the ease with which you can get real estate financing. If you're looking for a property that's right for you, get in touch with our relationship agents. The know-how of The Florida Lounge is that vacation homes in Florida are a profitable investment in the medium and long term. What's more, it can be enjoyed by the whole family while on vacation in the USA. 

Did you like the article? Keep an eye on our blog! Looking to live or invest in real estate in Florida? See the list of houses for sale in Florida we've selected for you!

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Did you like the article? Keep an eye on our blog! Looking to live or invest in real estate in Florida? See the list of houses for sale in Florida we've selected for you!