Multi currency accounts in Brazil for business

Snapshot

A conta PJ in Brazil holds Brazilian reais. As of 30 January 2026 a central bank rule widened the companies that can hold dollar or euro accounts inside Brazil, including exporters, firms with debt abroad and companies with foreign owners, though everyday domestic payments in foreign currency are not allowed. Many businesses still receive foreign payments through a foreign exchange operation at a bank or through an international account such as Wise Business.

Domestic foreign currency accounts: Allowed for eligible companies under the widened rule, not for everyday domestic payments in foreign currency. Verify eligibility with the provider.
Receiving foreign payments: Through a foreign exchange operation at a bank or an international account such as Wise Business, which serves Brazilian companies with limits
Tax to expect: The IOF tax applies to many foreign exchange operations as of 30 January 2026. Confirm the current rate.
Everyday currency: The Brazilian real for domestic payments

Fees and features as of 30 January 2026Last reviewed 30 January 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

A business account in Brazil normally holds Brazilian reais. As of 30 January 2026 a central bank rule widened which companies can hold dollar or euro accounts inside the country, such as exporters, firms with debt abroad and companies with foreign owners, but it does not allow everyday domestic payments in foreign currency. To receive foreign payments, many companies arrange a foreign exchange operation through a bank or use an international account such as Wise Business, which serves Brazilian companies with limits. The IOF tax applies to many foreign exchange operations. Confirm the current position with the provider.

How multi currency works for businesses in Brazil

Brazil has long kept domestic banking in reais, with foreign currency handled through regulated foreign exchange operations. As of 30 January 2026 a central bank rule widened the list of companies that may hold accounts in dollars or euros inside Brazil, covering exporters, companies that carry debt abroad, businesses with foreign shareholders and certain foreign entities that invest in Brazil. A company that earns dollars can hold those dollars at home rather than convert every inflow into reais and back again. The rule applies to companies, not individuals, and it does not turn dollars or euros into a means of everyday payment within the country. Confirm whether your company is eligible and how the account may be used with the provider.

Receiving and sending foreign currency

Most companies still receive foreign payments through a foreign exchange operation at a bank, which converts the funds and reports the operation, or through an international account. As of 30 January 2026 Wise Business serves Brazilian companies with some limits, which can suit a company that bills overseas clients, while a bank foreign exchange desk suits larger or regulated flows. The IOF tax applies to many of these operations and was standardised at a common rate for several outbound operations in 2025, so the rate depends on the type of operation. Confirm the current rate and process before you rely on a route.

Options to compare for foreign currency needs

As of 30 January 2026 businesses in Brazil commonly use these routes for foreign currency. Verify with the provider

A foreign exchange operation at a Brazilian bank, which converts and reports the transfer and applies the IOF tax.
A domestic foreign currency account, where the company is eligible under the widened central bank rule.
An international account such as Wise Business, which serves Brazilian companies with limits for receiving and holding several currencies.

Compare accounts for foreign currency in Brazil

These routes are used by businesses in Brazil that handle foreign currency. Fees, eligibility and tax shown as of 30 January 2026. Confirm current terms with the provider before applying.

Compare business accounts →

Questions about multi currency accounts in Brazil

Can a Brazilian company hold a foreign currency account in Brazil?

It depends on the company. As of 30 January 2026 a central bank rule widened the companies that can hold dollar or euro accounts inside Brazil, including exporters, firms with debt abroad and companies with foreign owners. The rule applies to companies, not individuals, and does not allow everyday domestic payments in foreign currency. Verify your eligibility with the provider.

Can businesses pay each other in dollars inside Brazil?

Generally no. The Brazilian real is the currency for domestic payments, and the recent rule that lets eligible companies hold foreign currency accounts does not allow everyday payments in dollars or euros within the country. As of 30 January 2026 confirm how your foreign currency may be used with the provider.

How do businesses in Brazil receive foreign payments?

Domestic clients usually pay in reais through Pix or boleto. For overseas payments, companies arrange a foreign exchange operation through a bank or use an international account such as Wise Business, which serves Brazilian companies with some limits. As of 30 January 2026 the IOF tax applies to many foreign exchange operations. Confirm the current rate and process with the provider.

Is there a tax on foreign exchange in Brazil?

Yes. The IOF, the tax on financial operations, applies to foreign exchange and was standardised at a common rate for many outbound operations in 2025. As of 30 January 2026 the rate depends on the type of operation. Confirm the current rate with the provider or your adviser.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 30 January 2026. Confirm current terms with the provider before applying.