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Top 2 Money Transfer Providers for Brazil to UK

Provider Amount Received Fee Exchange Rate Speed
Currency Solutions Currency Solutions GBP £1,497.45 BRL64.37 0.1497 1-3 days more...
Moneycorp Moneycorp GBP £1,506.69 No Fee 0.1507 1-3 days more...
Daniel Webber

FX Expertise and Experience

Daniel Webber

Founder & CEO, FXCompared

Daniel is one of the world experts on the money transfer sector. He is widely quoted across the industry with over 20 years of experience in the international finance world focused on international payments, technology, and the property sectors. More about Daniel.

Send money from Brazil to UK

How to Transfer Money from Brazil to UK

Brazil to UK Guide


GDP growth may have slowed in recent years, but investor interest in Brazil remains healthy (albeit easing), with the country still attracting around US$72bn in foreign direct investment (FDI) in 2019, supporting robust flows of money transfer to Brazil. Nevertheless, with growth having slowed and expected to remain subdued, investors, whether private or institutional, may look increasingly to realise gains made in recent years, and transfer money from Brazil accordingly. Whether you are importing, investing in the UK, repatriating income or profits, or funding overseas study, it can be very slow and bureaucratic to send money from Brazil to the UK – or indeed anywhere – can be extremely difficult and expensive, despite there officially being few restrictions on foreign exchange transfers.

International money transfer from Brazil

For foreign-exchange purchases of up to US$10,000 per transaction the central bank, Banco Central do Brasil (Bacen) does not even require notification. With foreign exchange process having opened up in recent years, individuals and companies can theoretically buy and sell reais and transfer reais abroad, but it may be necessary to justify the legality and economic reasons for larger transfers, on top of reporting the transfer to the bank.

Top 2 Money Transfer Providers

Latest prices for transferring money from Brazil to UK
Exchange Rates as of 19 March 2023, 20:50

Currency Solutions

Est. 2003

Currency exchange specialists ranking No.1 on Trustpilot for the past two years

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Amount Received
GBP £1,497.45
BRL R$126.85
saved vs. banks


Est. 1979

One-off payments | Regular payments | Great rates | Safeguarded customer funds

More InfoLess Info
Amount Received
GBP £1,506.69
BRL R$186.31
saved vs. banks

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Income and profit repatriation

Profits can be remitted abroad with restriction and do not incur corporate income tax, and dividends can be paid to non-residents. The bureaucracy, however, can be onerous, with proof needed of the investment’s registration and proof of the transaction that generated the profit. Bacen monitors closely loans from a foreign to a domestic company to ensure that outward debt service payments are not used to hide larger external transfers. The central bank will prevents lending at rates it regards as too high, while all foreign loans (including supplier credits for more than 180 days) must be registered in order to permit repayment remittances. Given that Brazil and the UK have no double taxation treaty, transactions involving the transfer money from Brazil to UK by companies sending interest or profits will be subject to 15% withholding tax.


With the number of expats moving to Brazil rising, and the country having enjoyed impressive GDP and income per head growth, the number of foreigners buying property has grown, whether for personal occupancy, vacation, or investment. There are no restrictions on foreigners buying property, all property sales are titled, and foreign investors enjoy the same investment and possession rights as Brazilians. If taking income from the property, foreigners are subject to the same tax as residents, but non-residents from the US will be hit with a 15% capital gains tax if the property is sold. That said, (and assuming all paperwork is in order) investment capital brought into Brazil can be transferred out of the country.

Investing in the UK from Brazil

The UK is not one of the key overseas investment destinations for Brazilian investors, and while volumes have grown for much of the last decade, they saw a significant drop in 2018 to US$900m, from a peak of US$3.6bn in 2016. The UK’s share of FDI is 1.9% of the total, while Brazil accounts for 0.07% of FDI in the UK. Retail and wholesale trade is the largest source of FDI in the UK from Brazil, followed by financial services and professional and technical services.

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Frequently Asked Questions

Are the money transfer companies shown above safe to use?

Yes, all the companies are safe and fully-regulated money transfer services. Each are authorised and regulated by the relevant authority such as the Financial Conduct Authority(FCA) in the UK, FinCEN in the US, FinTRAC in Canada or ASIC in Australia.

How long does an international money transfer take?

The speed of delivery will depend on where the money is being from and to and how you are sending and receiving the money. Transfers sent using bank to bank transfers can depend take anywhere from minutes to days and you should check the time estimates from the relevant provider. Debit and credit card payments sometimes allow for faster transfers for smaller amounts.

How do I use FXcompared?

First review the comparison results (such as for a table above) for a given amount of money sending from Brazil to UK. Then select a provider based on factors such as price, speed, their rating and click the green button to be taken to their website. From there, you can register and sign up for an account. Once you have done that and the provider has verified your identity to ensure the money can be send safely, you will be ready to transfer money.

What payments methods can I use to send money overseas?

The results shown above are typically for bank to bank transfers. It is possible via some providers to pay in your funds for the transfer via cash, debit or credit cards as well but this is usually reserved for smaller amounts. Some providers also give you different options for how the money will be received - to a bank account (most common), to a debit card, to cash or to a digital or mobile wallet.

What if the price shown above isn’t exactly what I am offered when I try to transfer money?

There can be a number of reasons why the final price you are offered may be different to that shown in the table above. Exchange rates between two currencies change all the time and is the most common reason. Additionally, some providers offer different pricing depending what method you are using to send funds or how the funds will be received. Others may offer you a premium service for faster payments. In some cases FXcompared has a special rate with a provider and this is reserved for first time customers who sign up to the provider starting from FXcompared’s website. As prices do change often, be sure to confirm the total cost with the provider before transferring money.
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All the providers listed are regulated by the relevant authority (e.g. the FCA in the UK, FinCEN in the US, ASIC in Australia) and have been vetted by FXcompared. is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.