Do you have money invested outside Brazil? Does your company invest in in another country? So, learn all about the declaration of Brazilian capital abroad (“DCBE”) and pay attention to the deadline. Avoid disputes or problems with the Central Bank of Brazil (“BACEN”)!
Have you ever thought about facing administrative proceedings or having to pay a fine for not declaring investments outside Brazil? Well, the deadline for declaring your Brazilian capital abroad has begun! f investments or assets in other countries are equal to or exceed US$100 million, it is mandatory to declare them to BACEN by April 5, 2025.
What is the Declaration of Brazilian Capital Abroad (DCBE)?
It is a declaration that provides detailed information to the Brazilian authorities on foreign investments held, in custody, and/or allocated in banks, real estate, or other investments/portfolios outside the country. This information is important for the Brazilian government to monitor the economy and regulate investments and resources held abroad, ensuring fiscal transparency and preventing currency evasion and money laundering.
Those who are required to submit DCBE information are required to do so four times a year, either annually or quarterly, depending on the total amount of investment outside the country, namely:
• US$ 1,000,000.00 (one million US dollars) or the equivalent in other currencies, referring to the periods ending December 31 of each base year – Annual CBE; and
• US$ 100,000,000.00 (one hundred million US dollars) or equivalent in other currencies, referring to the periods of March 31, June 30, and September 30 of each base year – Quarterly CBE.
Who needs to declare?
The DCBE is mandatory for individuals and legal entities that have investments abroad, according to the amounts described above. If you do not make the declaration, BACEN may fine you up to R$ 250,000! In addition, the declaration helps to avoid problems with the Brazilian Federal Revenue Service and other agencies.
Legal basis: Law 14,286/2021 and BCB Resolution 279/2022.
The PLBrasil Group’s Foreign Capital team is available to assist you with the registrations required by the Central Bank of Brazil through the channels below:
+55 (11) 3292-5050
nn@plbrasil.com.br
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