AmericasBrazilLicensed-entity research

Banco Santander (Brasil) S.A.

Banco Santander (Brasil) S.A. (the Brazilian domestic banking legal entity; CNPJ/MF 90.400.888/0001-42; distinct from the Spanish parent Banco Santander, S.A. and the Santander brand)

The Central Bank of Brazil’s operating-institutions data lists Banco Santander (Brasil) S.A. under its CNPJ base number as Banco Múltiplo. The current record has been verified at the entity level. The bank’s website provides application entry points for personal and business accounts in Brazil, but actual eligibility for foreign non-resident individuals, foreign-controlled companies, and applicants with overseas addresses has not been publicly confirmed. The online entry point should not be understood as accepting customers worldwide.

Regulator: Central Bank of Brazil (Banco Central do Brasil, BCB)
Check date: 2026-10-26
Verify status: Some information remains to be confirmed: The entity record for Banco Santander (Brasil) S.A. in the Central Bank of Brazil's active institution data and public local Brazilian personal/business account-opening processes have been checked. Foreign non-residents, overseas addresses/tax numbers, foreign-controlled companies, overseas witnessing methods and the current application process for multiple shareholders have still not been publicly confirmed by the bank.

Research scope and official resources

Topic number:americas-banco-santander-brasil-sa

Selected leads on major Latin American institutions labeled 2025 in the candidate set (The Banker's Tier 1 capital measure). No individual ranking is claimed for this legal entity, nor is this a real-time global top 100 ranking. The candidate set is not evidence of licensing, account opening eligibility or actual acceptance of applications.

Bank’s official website

Personal Eligibility and Documents

Publicly confirmed: Santander Brasil presents Conta Pessoa Física for individuals and describes an online application process. Its personal account guide requires entering details such as CPF, contact information, and CEP, and completing photo identity verification; applications are subject to bank approval. The guide describes a local Brazilian online process but does not clearly state that applicants must be Brazilian tax residents, nor does it publicly confirm whether individuals holding foreign passports, living abroad long-term, or without a Brazilian address can apply. For resident individuals, CPF and the local contact/postal code information required by the bank’s process are publicly described; account eligibility for foreign residents, Brazilian nationals who are non-residents, and other tax residency statuses, as well as accepted foreign tax numbers and overseas addresses, must still be confirmed with the bank in writing. Select Global is a separate international account product; the official website expressly states that applicants must be at least 18 years old, Brazilian tax residents, and individuals. These product restrictions must not be inferred to be eligibility rules for local current accounts.

Personal information publicly disclosed or identified

Online information listed in the bank’s personal account-opening guide: CPF, name, email address, CEP, mobile phone number, income and other personal/address information. The process includes receiving an SMS verification code, taking a selfie while holding an RG or CNH identity document, and uploading photos of the front and back of the document. The guide states that income or proof of residence need not be submitted before applying online, but the bank may request additional information on a case-by-case basis, and applications are subject to approval.
General preparation suggestions (not Santander's published document policy for foreign applicants): Passport or CRNM/RNE, CPF registration certificate, proof of current address, tax residence self-certification and relevant country tax numbers, and documents relating to occupation/income and source of funds. The Brazilian tax authority allows foreign nationals and non-residents to apply for a CPF and lists categories of foreign identity documents that can be used for CPF registration; this does not mean Santander accepts those documents to open an account.
If an agent handles CPF registration, the Brazilian tax authority states that the applicant’s documents, the agent’s identity document, and a power of attorney must be provided. A power of attorney executed overseas may also require an apostille or consular authentication. This is a CPF registration requirement, not the bank’s account-opening agency policy.

Company eligibility and documents

Publicly confirmed: The bank presents Conta Empresas. Santander’s official business account information states that business accounts are for entities established in Brazil with a valid CNPJ and describes online applications and company documents. The current business account page’s online portal requires entry of a CNPJ, and the applicant must be a company owner. The official account-opening guide (page published on 2022-02-17) stated that its simplified online process at the time applied to MEI, EI, and EIRELI entities with a single owner, while companies with multiple shareholders had to apply at a branch; this information may be outdated, and the EIRELI legal form has since changed, so confirm the current process with the bank. No explicit bank commitment to accept applications from foreign-registered companies, non-resident ultimate beneficial owners, or businesses with only a foreign address was found; Brazilian CNPJ registration rules and bank account approval are separate matters, and a tax identification requirement does not establish that an account will necessarily be opened.

Company information publicly disclosed or identified

Documents listed in Santander’s official business account opening guide: identity documents for business owners or shareholders (RG, CNH or RNE); proof of address for business owners or shareholders (the guide requires it to have been issued within the past 90 days); proof of business address; company incorporation documents and CNPJ. The guide gives CCMEI as an example for MEI, and Contrato Social, Estatuto Social or Requerimento de Empresário for EI, EIRELI, LTDA or S.A. The guide is dated 2022-02-17; reconfirm current documents and applicable business forms with the bank.
The bank’s business online account-opening guide also describes entering the applicant’s CPF, telephone number, company CNPJ, and registered address, and completing selfie identity verification. The current business account page says the company owner must enter the CNPJ, fill in the information, and verify an SMS code. Online application does not guarantee approval.
General preparation suggestion (not a published list of documents for foreign shareholders/foreign companies by the bank): Company registration certificate, current articles of association and ownership structure, identification of directors or authorized representatives, beneficial ownership information, proof of Brazilian CNPJ status, tax-residency and tax-number self-certifications, proof of address and business activity, and source-of-funds materials. Confirm with the bank in advance whether foreign-language documents must be translated, notarized, apostilled, or consularly legalized.

Address, tax, and remote / witnessed procedures

Address and tax

The bank’s personal online guide requires CEP, phone number and personal/residential address information, and states that income or proof of residence need not be submitted with the application. The business account guide requires the company CNPJ, registered address and proof of business address. The Brazilian tax authority states that the CPF database includes Brazilian and foreign individuals, residents and non-residents; foreigners can obtain a CPF using a passport or an eligible immigration document. The tax authority also specifies that a foreign legal entity with a banking relationship in Brazil is among the types required to register for a CNPJ. CRS/FATCA tax self-certification is distinct from the bank’s review of the account-opening address. The bank has not publicly stated whether it accepts an overseas residential address or foreign tax number, or specified the format for particular overseas documents. Mexican tax identification rules should not be treated as a commitment by the bank to accept overseas customers.

Remote / witnessing

The bank’s published personal process involves an online form, SMS verification, a selfie and uploading an RG/CNH. Businesses also have an online application portal. However, the page does not state that the service is available from anywhere in the world, or that video account opening, overseas witnessing, third-party witnessing or overseas notarization can replace in-person identity verification. Information about in-person applications for businesses with multiple shareholders comes from the bank’s 2022 guide; current branch and appointment requirements remain to be confirmed. Do not infer global remote account opening or acceptance of third-party witnesses from the online portal.

Public process reference

Individuals: Submit your CPF, contact details, CEP, income and personal information through Santander Brasil’s personal account opening portal. Complete SMS verification, selfie/document upload, product selection and acceptance of the terms as directed on the page; the application is subject to bank review. The bank’s guide says the outcome will be communicated by email, but its processing-time information is not treated as a current service commitment.
Businesses: The current business page starts by asking the applicant to enter a CNPJ and apply as the business owner, followed by completing information and verifying an SMS code. A bank guide also says that a business with a single owner can use a simplified digital process, while a business with multiple shareholders should use the branch process. As the guide was published in 2022 year, first obtain written confirmation of the current eligible business types, application channels, in-person representative requirements, and documents for overseas owners.
For any non-resident application or application involving an overseas beneficial owner, obtain written confirmation from the bank before preparing for an appointment or submitting documents regarding whether the application will be accepted, available branches/channels, foreign address and tax number requirements, CPF/CNPJ status requirements, and whether personal attendance is required. Public information cannot serve as the bank’s preliminary review or approval.

Compliance topics, details, and sources

Brazil AML/KYC customer identification and ongoing due diligence

Brazil's Central Bank Circular nº 3.978 requires financial institutions subject to its rules to establish anti-money-laundering and counter-terrorist-financing policies and controls, identify and continually assess customer risk, collect identification information such as an individual's CPF or a legal entity's CNPJ, update customer information based on risk, and monitor transactions. This regulation is the Brazilian supervisory baseline, not a document checklist published item by item by Santander for particular applicants; account applications may still be declined following review.

Source:Banco Central do Brasil — Circular nº 3.978, de 23 de janeiro de 2020

Brazil UBOs, control chains and source of funds

Central Bank Circular No. 3.978 requires analysis of the ownership chain for corporate customers, identification of the natural persons who are the ultimate beneficial owners, and inclusion of representatives/persons exercising actual control in the relevant due diligence. Risk assessment and transaction monitoring also involve information such as income or turnover, the purpose of the business relationship and source of funds. Since 2026, the Brazilian Federal Revenue Service has required entities within scope to report beneficial ownership information through e-BEF. How a bank will handle a specific foreign ownership chain, threshold or document format is not published on the account-opening pages reviewed and must be confirmed on a case-by-case basis.

Source:Banco Central do Brasil — Circular nº 3.978, de 23 de janeiro de 2020 ；Receita Federal — Beneficiários Finais para Entidades

Brazilian Tax Residency Reporting, CRS, and FATCA

The Brazilian tax authority’s official e-Financeira FAQs explain that financial institutions must conduct due diligence and reporting under the applicable CRS/FATCA rules, and that tax residence is determined primarily by the rules of the relevant regime and self-certification. For reportable U.S. persons, the FAQs require U.S. taxpayer identification number information in accordance with the applicable rules. Brazil and the United States also have a FATCA intergovernmental agreement that entered into force in 2015 (Decreto nº 8.506/2015). U.S. tax-information exchange requirements should be described separately under the FATCA agreement; the United States should not be described as having joined CRS. The bank’s specific account-opening questionnaire and reporting subjects are subject to its requirements.

Source:Receita Federal — e-Financeira FAQ: CRS e FATCA ；Presidência da República — Decreto nº 8.506/2015, Brasil–Estados Unidos FATCA Agreement

United Nations Security Council Sanctions and Asset Freezes in Brazil

Brazilian Lei nº 13.810/2019 provides for the immediate implementation in Brazil of United Nations Security Council sanctions and designations by its committees, and requires relevant entities subject to anti-money-laundering regulation to implement specific measures, such as asset freezes and reporting, promptly in accordance with their supervisory authority's rules. This law forms part of the applicable sanctions and counter-terrorist-financing baseline. The bank's own publicly available screening lists, internal refusal rules and specific country-service policies were not obtained in this review; the bank's specific screening standards therefore cannot be described on this basis.

Source:Presidência da República — Lei nº 13.810/2019

Compliance evidence

Account-opening compliance and supporting-document checklist

The bank’s stated requirements, local regulations, and preparation recommendations are presented separately. Acceptance in a specific case is subject to confirmation by the bank.

This guide concerns applications for business accounts with Banco Santander (Brasil) S.A. by companies incorporated in Brazil, focusing on due diligence documents, beneficial owners, and account maintenance after opening. It is not a personal-account checklist. The bank’s public business processes and document information are primarily for local companies with a CNPJ; the single/multiple shareholder process described in the 2022 guide may have been updated. Public information does not confirm whether foreign-incorporated companies or nonresident shareholders or controllers are eligible. Mr. Tang can personally follow up on documents and appointments, explain service fees in advance, and confirm the appointment time, but cannot guarantee that the bank will accept the application or open the account.

Date information checked:2026-10-26

Information evidence package

Brazil company identity, authorisation and representatives

Who it applies to: Applicants that are companies established in Brazil, and their legal representatives, directors, or authorized applicants; this is not a retail-account checklist for representatives in their personal capacity.
Documents to Prepare: Company's current registration/incorporation documents and CNPJ registration and status information; prepare current articles of association, contract, or equivalent registration documents according to the company's legal form.
Valid identity documents and proof of appointment or authorization for the representative and relevant shareholders; the bank guide lists RG, CNH, or RNE.
Proof of the company's operating address and proof of address for the applicant/shareholders; the bank's 2022 guidance previously listed proof of address issued within 90 days, but you must confirm whether this still applies.
Description: Santander’s 2022 corporate account-opening guide expressly lists the categories above and says that, at the time, sole owners of MEI, EI and EIRELI could apply online, while companies with multiple shareholders had to apply at a branch. The guide is older, and company forms such as EIRELI and application processes may have changed. The bank did not specify on the pages reviewed whether originals, certified copies, sworn Portuguese translations, notarisation or apostille certification are required. We recommend preparing clear scans first and checking each requirement with the bank; this recommendation is not a mandatory requirement.

Source:Santander Brazil: How to open a business account；Central Bank of Brazil: Circular nº 3.978/2020 anti-money-laundering and customer due diligence rules

Ownership chain, ultimate beneficial owners, and evidence of control

Who it applies to: The corporate applicant, its direct/indirect shareholders, ultimate natural-person beneficial owners, and representatives who actually control the company's activities; whether a specific exception applies must be confirmed by the bank based on the customer structure.
Documents to Prepare: It is advisable to prepare a tier-by-tier ownership structure chart showing each entity’s place of registration and registration number, direct and indirect ownership percentages, means of control, and ultimate controlling natural persons.
Prepare registration extracts for companies at each level, current shareholder registers/shareholding evidence, articles of association, and identity documents for directors, authorized representatives, and actual controllers.
If shares are held through a fund, trust, or other arrangement, prepare an explanation of the manager, trustee, authorized persons, and control arrangements, and explain why the relevant individuals do or do not qualify as ultimate beneficial owners.
Description: The Central Bank of Brazil’s rules require banks to examine a legal entity’s ownership chain through to its natural-person ultimate beneficial owners, and also include persons who effectively direct the company’s activities. Banks must set a shareholding reference threshold based on risk, and that threshold must not exceed 25%. 25% should not be described as the single threshold that applies uniformly to all customers. The organizational chart and supporting documents listed are preparation suggestions to facilitate verification, not Santander’s full published document checklist.

Source:Central Bank of Brazil: Circular nº 3.978/2020 anti-money-laundering and customer due diligence rules

Business Substance, Financial Capacity, and Intended Account Use

Who it applies to: All business applicants, particularly companies with cross-border operations, multilayer ownership, or anticipated account flows that differ significantly from their current scale.
Documents to Prepare: Prepare a business overview, main products/services, countries where customers and suppliers are located, sample contracts/orders or invoices, and an explanation of account purpose and expected payment flows.
It is advisable to prepare recent financial statements, tax or revenue information, statements for the main settlement account, and cash flow forecasts, explaining anticipated transaction amounts, frequency, currencies, and source of funds.
If funds come from shareholder contributions, loans, asset disposals or intercompany transactions, consider preparing contribution/loan documents, relevant resolutions, proof of payment and an explanation of the source of funds.
Description: Central Bank rules require customer information to be collected and verified according to customer risk and the nature of the business relationship, and the legal entity's financial capacity, including revenue, to be assessed. Transaction monitoring considers circumstances such as transactions disproportionate to the customer's turnover/financial capacity, inability to identify the ultimate beneficial owner, or inability to keep information up to date. The business and financial documents mentioned above are reasonable preparation suggestions; they do not establish that the bank will require statements or transaction records for a fixed period.

Source:Central Bank of Brazil: Circular nº 3.978/2020 anti-money-laundering and customer due diligence rules

Due diligence and enhanced verification

Ultimate beneficial owners, shareholding chain, and actual control

Basis for Verification: Brazil's Central Bank Circular nº 3.978 requires analysis of a legal entity's ownership chain to identify ultimate natural-person beneficial owners. Representatives who actually control the entity's activities, including agents or authorised representatives, are also covered as beneficial owners under the rules. Banks set a reference shareholding threshold for identification based on risk, which may not exceed 25%, and consider both direct and indirect holdings. This statutory obligation does not mean that Santander has published specific forms or evidentiary standards for every foreign structure.
Preparation recommendation: It is advisable to disclose ownership through each level to natural persons, explaining nominee holdings, trusts, funds or control agreements. Explain any levels that cannot be traced through to individuals and provide registration documents and the authorization chain. When booking an appointment, confirm the bank's identification threshold, how it handles cases where no natural person meets the reference value, and whether it accepts foreign registration documents and particular translation and certification formats.
Scope: Brazilian regulatory requirements; the specific document formats and the bank’s case-by-case practices have not been made public.

Source:Central Bank of Brazil: Circular nº 3.978/2020 anti-money-laundering and customer due diligence rules

Business Purpose, Turnover, and Source of Funds

Basis for Verification: Central Bank rules require the collection of information commensurate with customer risk and the nature of the business relationship, including the legal entity's location/place of business and financial capacity such as revenue; risk must be continuously assessed and adjusted. Transaction monitoring must consider transactions inconsistent with the customer's turnover or financial capacity, as well as cases where beneficial owners cannot be identified or customer information cannot be updated. Santander has not published specific account transaction thresholds or fixed documentation periods for this type of company.
Preparation recommendation: It is advisable to corroborate information using contracts, invoices, statements, tax records, statements for major accounts and a group funds flow diagram. For any apparent inconsistency between transaction amounts, countries, currencies or counterparties and the scale of the company, explain the commercial reasons in advance and provide verifiable evidence.
Scope: Regulatory due diligence and transaction-monitoring baseline; the document categories are RGYS's general preparation suggestions, not a publicly disclosed item-by-item mandatory bank checklist.

Source:Central Bank of Brazil: Circular nº 3.978/2020 anti-money-laundering and customer due diligence rules

PEP and Related-Person Screening

Basis for Verification: Central Bank rules require identifying whether a customer is a politically exposed person (PEP), and checking their representatives, family members and close associates. Relevant customers must be subject to internal controls and risk classification commensurate with their status, and a level above that of the usual account-opening approver must assess whether to establish or maintain the relationship. PEP status alone does not mean automatic refusal. The materials reviewed do not disclose Santander's screening-list providers, enhanced review procedures or refusal rules.
Preparation recommendation: It is advisable for the applicant and natural persons in the control chain to list current/former public offices, the countries and periods of appointment, and disclose family, agency or business relationships with PEPs. If screening may produce a name match, prepare distinguishing evidence such as date of birth, nationality and appointment information.
Scope: Brazilian regulatory requirements; the specific enhanced-review questionnaire and the bank’s decision criteria have not been made public.

Source:Central Bank of Brazil: Circular nº 3.978/2020 anti-money-laundering and customer due diligence rules

Tax beneficiary declaration and cross-border customer status

Basis for Verification: The Brazilian tax authority states that Brazilian entities within scope and foreign entities required to register for a CNPJ must report ultimate beneficial owners through e-BEF. In general, filing is due within 30 days after a new registration, a change in beneficial ownership, or a change from exempt to reportable status; in other cases, annual filing is due by the end of that calendar year. The government page lists exempt entities and conditions. e-BEF is a tax-reporting obligation; it does not establish account-opening eligibility and does not replace the bank’s own KYC.
Preparation recommendation: First check whether the entity falls within the e-BEF reporting scope or an exempt category. Where applicable, prepare the CPF of the ultimate beneficial owner, or for a foreign beneficial owner, valid identity documents and tax ID, name, nationality/place of birth, country of tax residence and permanent address. Cross-border shareholder/tax-residency circumstances, and the bank’s acceptance of foreign addresses and tax ID formats, must still be confirmed with the bank.
Scope: Statutory obligations of entities that meet the criteria set by the Brazilian tax authority; it should not be inferred that every applicant company must report.

Source:Brazilian Federal Revenue Service: Report ultimate beneficial owners via e-BEF

Ongoing maintenance obligations

Keep business information and turnover details updated with the bank

Santander’s company information guidance recommends updating details promptly when business information changes. Contact details listed include company address, telephone and email, and it explains that the account’s master user can update details in the business app or Internet Banking; there is also a separate option for updating turnover. The bank has not published a standard review cycle. Actual permissions, fields that can be updated and whether additional documents are needed depend on the logged-in account features and the bank’s response.

Source:Santander Brazil: Why update company registration details

Ongoing KYC, risk reassessment, and transaction explanations

The Central Bank requires customer identification and qualification information to be kept up to date, with customer qualification continuously reassessed as the business relationship and risks change. Banks must also monitor activity inconsistent with a customer's turnover/financial capacity, as well as risks such as an inability to update information or identify beneficial owners. Companies should promptly report material changes to ownership, controllers, representatives, address, business scope and expected payment patterns, and retain contracts, invoices, statements and evidence of source of funds to respond to bank inquiries. Neither the regulations nor the bank pages reviewed specify a fixed frequency for Santander's review of documents for this type of customer.

Source:Central Bank of Brazil: Circular nº 3.978/2020 anti-money-laundering and customer due diligence rules

Maintain e-BEF beneficial ownership filings where applicable.

Entities within the reporting scope must submit e-BEF within 30 days of a new registration, a change in beneficial owners, or becoming subject to reporting; if none of these events occurs, they must file annually by the end of the calendar year. The tax authority states that failure to file may result in the CNPJ registration being suspended and late-filing penalties. Whether an entity is in scope must be determined under the tax authority’s rules; this deadline must not be misrepresented as a bank-account information update cycle.

Source:Brazilian Federal Revenue Service: Report ultimate beneficial owners via e-BEF

Please confirm with the bank before booking

Is your bank currently accepting applications for Brazilian CNPJ companies owned or controlled by foreign individuals or legal entities? Must non-resident beneficial owners, directors, or authorized representatives visit a branch?
If the applicant or a related individual does not have a CPF, or an overseas legal entity is not required to have a CNPJ under tax rules, which travel documents, registration numbers, and address details does your bank accept in each case?
Is the 2022 guide’s process of online applications for single shareholders and in-branch applications for multiple shareholders still valid? Which application channels and appointment methods should be used for different company structures, foreign shareholders, and overseas authorized representatives?
How does your bank determine the reference threshold for beneficial ownership? Must all direct and indirect ownership tiers, actual controllers, and controllers where no one meets the reference ownership threshold be reported?
Do company articles of association, shareholder registers, foreign company registration documents, and proof of address require sworn Portuguese translations, notarization, apostilles, or consular legalization? Does the 90-day proof-of-address requirement still apply?
Before opening an account, can the required documents, available account services, fees/minimum balance (if any), and estimated processing time be confirmed? After account opening, which company details must be updated by the account master, and does the bank have separate periodic review arrangements?

Not confirmed by public information

No public confirmation has been found of eligibility for foreign-incorporated companies, the bank's policy on non-resident ultimate beneficial owners/controllers, acceptable foreign addresses and tax numbers, or requirements for in-person attendance or remote verification. An online application portal does not mean applications are open to customers worldwide.
The business account-opening guide reviewed was published in 2022 and its examples of single-/multiple-shareholder channels, 90-day proof of address and company types may be outdated; an updated, complete document list was not found in this review.
The bank has not published requirements for translation/notarization/apostilles for this type of application, fees and processing times, minimum deposits, cross-border transaction limits, fixed document review cycles, or specific risk preferences; none should be assumed.
Customer identification and due-diligence obligations verifiable under Brazilian regulations do not replace the bank’s case-by-case preliminary review and approval of a specific ownership structure, country or sector of operations, or applicant.

Sources & Scope of Verification

Santander Brazil: How to open a business account
The bank’s published business account opening information covers CNPJ business applications, the single-/multiple-shareholder application channels at the time, document categories and the requirement for review and approval. The page was published on 2022-02-17, so it identifies the types of information the bank previously published; the old channels are not a current commitment.
Santander Brazil: Why update company registration details
The bank’s business information maintenance instructions say to update information when business details change, listing company address, phone number, email address and revenue. They state that the account’s master user can do this through the business app or Internet Banking. No fixed review cycle is published.
Central Bank of Brazil: Circular nº 3.978/2020 anti-money-laundering and customer due diligence rules
Official circular PDF, including subsequent amendments: Articles 16-25 concern customer identity, minimum identification information when foreign individuals/legal entities are exempt from CPF/CNPJ, information updates, risk assessment, PEPs, and beneficial owners of legal entities. Articles 38-39 provide for risk-based monitoring of unusual transactions. This is only a Brazilian regulatory baseline and does not represent Santander’s publicly itemized document list.
Brazilian Federal Revenue Service: Report ultimate beneficial owners via e-BEF
The official services page explains the definition of ultimate beneficial owner, applicable entities and exempt categories, information required for CPF holders and overseas beneficiaries without a CPF, filing deadlines of 30 days and annually, and that noncompliance may result in CNPJ suspension and fines. These are tax filing rules and do not establish that a bank must open an account.

Fees and timelines

As of 2026-10-26, the Santander Empresas business account page reviewed displayed the following monthly package prices: Conta MEI+ at R$ 69/month, Avançar 1 at R$ 159/month, Avançar 2 at R$ 239/month, and Avançar 3 at R$ 299/month. The page also listed ways to avoid the monthly fee when the conditions for each package are met. These are prices shown on the relevant business service package page, not account-opening fees or minimum deposits. The current page reviewed did not confirm the account-opening fee, minimum deposit, account transaction limits, or rates for foreign applicants for personal accounts. The personal account opening guide mentions notification of the result by email, but does not thereby promise a current processing time.

Limitations and practical considerations

Current publicly available digital account-opening information focuses on local Brazilian personal and business processes and requires details such as a CPF/CNPJ, Brazilian CEP, or local mobile number. These fields do not mean the bank has announced that all non-residents are ineligible, but eligibility for overseas customers has not been publicly confirmed.
Select Global is a separate international account product. The official website states that it is for individuals who are Brazilian tax residents and aged 18 or older; the page lists US citizens and Cayman Islands residents as ineligible. These product rules must not be generalized to all local Santander Brasil accounts.
Whether a foreign-incorporated company or a company ultimately controlled by non-residents overseas can open an account, whether it needs a representative in Brazil or must attend in person, and whether overseas evidence can be provided all await written confirmation from the bank. A foreign legal entity holding a bank current account in Brazil is subject to CNPJ registration requirements; this does not mean the bank must accept the application.
The statement that businesses with multiple shareholders must apply in person at a branch comes from a 2022 bank account-opening guide; procedures may have changed, so verify the current requirements. Public pages do not confirm that this service can be booked through Rengangyongsheng or that it can act on the bank's behalf. This institution is not a channel currently available for booking through Rengangyongsheng.
Account opening and products are subject to the bank’s review, availability, and eligibility criteria. Do not assume that requirements, timelines, fees, limits, or minimum deposits not disclosed will apply.

Licensing evidence and regulatory verification

A specific entity record has been found: a bank-category OData query of the Brazilian Central Bank’s official “Operating Institutions” dataset, using CNPJ root number 90400888, returns BANCO SANTANDER (BRASIL) S.A., category Banco Múltiplo, and São Paulo head-office information. The dataset describes the institution as authorized by the Central Bank and operating normally; its source is Unicad and it is updated daily. As of 2026-10-26, this supports confirming a current operating regulatory record for this entity. The query does not list a separate license number or authorization decision reference, so no license number is claimed as verified. The record also does not establish that accounts are available to non-residents abroad or foreign legal entities.

Central Bank of Brazil (Banco Central do Brasil, BCB) Official registration or record

Information sources

Santander Brasil — Abra sua conta
The bank offers account-application portals for individuals and businesses and promotes an online process; the page does not state eligibility for non-residents abroad.
Santander Brasil — Conta corrente: passo a passo para abrir sua conta
The bank’s official personal account-opening guide describes CPF, CEP, mobile SMS, income/address information, RG/CNH selfie and upload, terms, and the application review process; it states that income or proof of residence need not be submitted in advance. The website does not provide a general eligibility commitment for nonresidents applying from overseas.
Santander Empresas — Conta Empresarial Santander
Business account products and the MEI+ and Avançar 1/2/3 monthly prices and no-monthly-fee conditions currently shown on the page; these are business plan prices, not account-opening fees.
Santander Brasil — Como abrir uma conta PJ no Santander?
The bank’s official business account-opening guide describes the requirement for a valid CNPJ, a digital process for a sole owner, in-branch processing for multiple shareholders, the document checklist, and the requirement to pass account-opening review; the page was published on 2022-02-17, and its current applicability remains to be confirmed.
Banco Central do Brasil — operating bank OData institution record
The Central Bank query returns BANCO SANTANDER (BRASIL) S.A., CNPJ root number 90400888, category Banco Múltiplo and head office information in São Paulo, as the current record for the entity identified.
Banco Central do Brasil — Relação de Instituições em Funcionamento no País dataset
Central Bank description of its dataset on operating financial institutions: includes the latest institutional data on its website, sourced from Unicad and updated daily; explains that the data consists of records of authorized operating institutions.
Banco Central do Brasil — Circular nº 3.978, de 23 de janeiro de 2020
Brazilian financial institutions’ AML/CFT policies and regulatory baseline for customer identification, customer qualification/risk information, legal-entity ownership chains and identification of natural-person ultimate beneficial owners, representatives, source of funds, and ongoing monitoring.
Receita Federal — Perguntas e Respostas sobre CPF
CPF applies to Brazilian and foreign individuals, residents and non-residents. Foreign nationals may apply using a passport or other officially recognized identification. The information lists application and representative-processing documents, as well as options for applying from abroad.
Receita Federal — Orientações para Pessoa Jurídica Domiciliada no Exterior
The Brazilian tax authority provides that a foreign legal entity holding a current bank account in Brazil is one category required to register for a CNPJ, and lists the registration process. This does not mean that any bank is required to accept its account application.
Receita Federal — Beneficiários Finais para Entidades
The tax authority states that entities within the scope must report their ultimate beneficial owners using the e-BEF digital form starting in 2026 1.
Receita Federal — e-Financeira FAQ: CRS e FATCA
Official FAQs from the Brazilian tax authority on financial institutions’ e-Financeira, CRS/FATCA due diligence, tax-residency self-certification, and reporting of U.S. persons’ taxpayer identification numbers and controlling persons.
Presidência da República — Decreto nº 8.506/2015, Brasil–Estados Unidos FATCA Agreement
Intergovernmental agreement between Brazil and the United States on international tax compliance and implementation of FATCA; distinguishes the bilateral FATCA framework from CRS and does not claim that the United States has joined CRS.
Presidência da República — Lei nº 13.810/2019
The Brazilian legal framework for implementing United Nations Security Council sanctions and related asset-unavailability/freezing measures, and the obligation of regulated entities to implement sanctions.
The Banker — Top 200 Latam banks 2025: Highlights
The public introduction uses the Latin America Top 200 Tier 1 capital ranking context; this only describes the context for candidate selection and does not support a ranking, license, or account-opening eligibility claim for the individual bank entity.

Verification

Research verification

Most recently verified: 2026-10-26
Status: Some information remains to be confirmed: The entity record for Banco Santander (Brasil) S.A. in the Central Bank of Brazil's active institution data and public local Brazilian personal/business account-opening processes have been checked. Foreign non-residents, overseas addresses/tax numbers, foreign-controlled companies, overseas witnessing methods and the current application process for multiple shareholders have still not been publicly confirmed by the bank.
Author: Drew

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