EXPATS IN BRAZIL · BRAZIL, 26 MAY 2026

Key Facts

—Foreign investors must obtain a CPF (Brazil’s tax ID) before opening any Brazilian brokerage account

—EWZ (iShares MSCI Brazil ETF) provides B3 exposure from any US brokerage account with no Brazilian setup required

—Petrobras (PETR4/PBR.A) and Vale (VALE3/VALE) together represent 20–30% of the Ibovespa index weight