Exchange is an operation of changing currency of a country to the currency of another country. In Brazil's case, an exchange operator is characterized by the exchange of a foreign currency by its counter value in national currency.

Exchange market is where exchange operations gets done between authorized agents by "Banco Central" and between them and their clients

Yes, as long as the other part of the negotiation is an authorized agent by "Banco Central" to operate on the exchange market. There should also be observed the regulations, including the necessity of a documental feedback to do this operation

There are no limits, as long as the traveler is capable of buying stated on its income taxes

The acquirement of the foreign currency should be informed in your annual income taxes

Yes, looking to honor commitments abroad or the acquirement of this currency to take paid travels for the company

The exchange contract/billet is the receipt of the operation done, having all the information necessary to the accomplishment of it. Which should be signed by both parts of the operation.

• For first "PF" operation for who lives in the country - "CPF", ID and address receipt
• For first "PF" operation for who does not live in the country - Passport or ID (MERCOSUL countries) or "DNI" (MERCOSUL countries)
• For first "PJ" operation - Social contract, additional, CNPJ registration form, "CPF" and ID, mandate (if there's any).
• For the following operations - Identification document with a photo and "CPF" number

• PF and PJ - US$ 10.000,00 a year
• PF and PJ - R$ 10.000,00 a day for species payments
• To allow a greater amount - Present the income tax.