This question is constantly raised in conversation with investors or parties interested in knowing…read morehow to do business in Brazil. The bank account is normally demanded to facilitate business activities, serving for the payment of taxes, property community fees, and other expenses or services related to the business activity in Brazilian territory. With a local account funds can be easyerly managed avoiding recurrent exchange fees and currency fluctuation risks. However, in order to answer the question in hand the situation has to be analyzed in two different prisms: one being the legality of the bank account for nonresidents and the other being the practical use and management of it. Regarding the legality of bank account for non-residents in Brazil, firstly it must be said that the non-resident can legitimately be holder of a bank account in a local Brazilian bank. According to the regulation of the exchange and international capital market, issued by the Brazilian Central Bank, it is possible for individuals or companies residing or with headquarters located outside of Brazil, to be holders of bank accounts in national currency (Real). The bank accounts must be authorized to operate on the foreign currency market, and observing Title 1, Chapter 13 of the regulation. Even though the legal possibility exists as mentioned above, the specific treatment that has to be given to this specific account generates difficulties to create and operate it, preventing it from being largely used and therefore an attractive service for the banks. Naturally all funds sent to and from the account have to be registered at the Central Bank Information System (Sisbacen). Every transfer done from the account, regardless of the value has to be informed to the Central Bank, and for operations over R$ 10.000, 00 (ten thousand reais) all aspects of the payment or transfer has to be documented and informed to the Central Bank. Along with the demand of information and record of documents, the bank that operates the account has to observea series of formal requirements that normally generate a large demand of specialized and trained personnel suited for the assistance of the account holder. It is not unusual for bank managers at local branches to inform that the specific account for non-residents does not exist. The lack of information and the current lack interests of the Brazilian Banks for this service have been the main factor for the difficulty to create the account, for non-residents. With the inflow of new investments and better understanding of the needs the non-resident investor has, hopefully banks will have this service available to the interested parties, in a accessible format.