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Setting Up Bank Accounts (Rio de Janeiro)

Moving to Rio later in the year and looking for advice and tips on getting a bank account set up in Rio?

I am hearing this new Foreign Account Tax Compliance Act (FACTA) is making things impossible for Americans to open up foreign bank accounts, anywhere abroad.

Here is a link:

Foreign Account Tax Compliance Act
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I am also wondering how safe the banks are down there.

Any and all tips and guidance welcome!

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Rio de Janeiro Forum