How Brazilians Can Invest in U.S. Stocks: A Guide to Buying NASDAQ-Listed Shares

For Brazilian investors seeking global diversification, higher growth potential, and exposure to some of the world’s most innovative companies, investing in U.S. stocks — particularly those listed on the NASDAQ — is an increasingly popular and accessible option.

From tech giants like Apple, Microsoft, and Amazon to emerging disruptors in biotech and AI, the NASDAQ offers a dynamic portfolio of opportunities. But how can Brazilians legally and efficiently buy shares in these U.S. companies? Here’s your step-by-step guide.

Why Invest in NASDAQ Stocks?

The NASDAQ Composite Index is heavily weighted toward technology, biotechnology, and other growth sectors. It’s home to many of the most valuable and innovative companies in the world. For Brazilian investors, investing in NASDAQ-listed stocks can

• Hedge against local currency volatility (BRL)
• Access high-growth sectors not fully represented in Brazil’s B3 exchange
• Diversify geographically and reduce portfolio risk
• Benefit from long-term appreciation in U.S. equities

Step 1: Understand the Legal Framework

Brazilian residents are allowed to invest abroad under the rules set by the Central Bank of Brazil (Banco Central do Brasil) and the Brazilian Securities Commission (CVM). There are no prohibitions — but there are reporting requirements.

Investments over USD 10,000 per month must be reported via the SISBACEN system (through your broker or bank).

You must declare foreign assets in your annual Income Tax return (Declaração de Ajuste Anual do Imposto de Renda).

Step 2: Choose Your Investment Platform

There are two main routes for Brazilians to buy U.S. stocks:

Option A: Brazilian Brokers with International Access

Several Brazilian brokers (corretoras) offer access to U.S. markets, including XP Investimentos, BTG Pactual, Rico (XP), and Modalmais. These platforms:

• Allow you to trade in USD using your BRL account
• Handle currency conversion and international settlement
• Provide Portuguese-language interfaces and customer support
• May charge higher fees or spreads compared to U.S. brokers

Option B: Open an Account with a U.S. Broker

You can also open an account directly with U.S.-based brokers such as Interactive Brokers, Charles Schwab International, or TD Ameritrade (now part of Schwab). Benefits include:

• Lower trading fees
• Broader access to ETFs, options, and research tools
• Real-time U.S. market data

However, you’ll need to:

• Provide additional documentation (passport, proof of address, U.S. tax form W-8BEN)
• Transfer funds internationally (via wire transfer or fintech services like Wise or Remessa Online)
• Deal with platforms and support in English

Tip: Many Brazilian investors use both — a local broker for simplicity and a U.S. broker for cost efficiency and advanced features.

Step 3: Fund Your Account

To buy U.S. stocks, you’ll need U.S. dollars. Here’s how to get them:

Currency Exchange via Broker: Most Brazilian brokers offer built-in FX conversion. You deposit BRL, and they convert it to USD at their rate.

International Transfer: Use services like Wise, Remessa Online, or traditional banks to send BRL → USD to your U.S. brokerage account. Compare exchange rates and fees.

Multi-Currency Accounts: Some fintechs (e.g., Nomad, BS2) offer USD accounts that can be linked to U.S. brokers.

Step 4: Start Investing

Once your account is funded:

1. Search for NASDAQ-listed tickers (e.g., AAPL, TSLA, NVDA).
2. Place your order — market, limit, or stop.
3. Monitor your investments and reinvest dividends (if enabled).

Consider starting with ETFs like QQQ (Invesco QQQ Trust), which tracks the NASDAQ-100 and offers instant diversification.

Step 5: Understand Tax Implications

In Brazil:

• Capital gains from U.S. stocks are taxed at 15% (if profit exceeds BRL 35,000/month).
• Dividends received from U.S. companies are tax-free in Brazil (but subject to U.S. withholding tax — see below).

In the U.S.:

• The U.S. government withholds 30% of dividends paid to foreign investors — but thanks to the U.S.-Brazil tax treaty, this rate is reduced to 15% if you’ve submitted Form W-8BEN.
• No capital gains tax is levied by the U.S. on non-resident aliens.

Always keep detailed records for tax reporting in Brazil.

Bonus Tips for Brazilian Investors

Dollar-Cost Averaging (DCA): Invest fixed amounts regularly to reduce the impact of currency and market volatility.

Beware of Exchange Rate Risk: A stronger BRL means your U.S. investments are worth less in reais — and vice versa.

Stay Informed: Follow U.S. market hours (10:30 AM – 4:00 PM Brasília time) and earnings seasons.

Use Reputable Platforms: Avoid unregulated apps or “miracle” investment schemes.

Final Thoughts

Investing in NASDAQ-listed stocks is not only possible for Brazilians — it’s easier than ever. With the right broker, a clear understanding of taxes and regulations, and a disciplined investment strategy, you can participate in the growth of global tech leaders and build a more resilient, diversified portfolio.

The world’s biggest companies are just a few clicks away. Start small, stay consistent, and let the power of compounding — and innovation — work for you.

Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Consult a qualified professional before making investment decisions.