We inform that the deadline for the annual update of the Corporate Board in the RDE-IED system, referring to the base date of December 31, 2020, expires on March 31, 2021.
Mandatory Criterion
The annual update of the Corporate Board is mandatory for foreign direct investment receiving companies with a total equity or equity of less than R$ 250 million.
Penalty
The non-provision or provision of false, incomplete, incorrect or outside the established deadlines subject offenders to a fine of up to R$ 250,000.00 (two hundred and fifty thousand reais), as established in Article 60 of Circular No. 3,857, of November 14, 2017.
The PLBrasil Group’s Foreign Capital teamis available to assist you with the registrations required by the Central Bank of Brazil in the channels below:
+55 (11) 3292-5085
bacen@plbrasil.com.br

Check out the latest Paralegal articles
Documents for foreign companies in Brazil: Legal requirements and power of attorney precautions
Every foreign company wishing to operate in Brazil must comply with specific formalities for registration to be approved by the Brazilian Federal Revenue Office (RFB). These requirements are primarily set forth in Normative Instruction [...]
Land Use and Occupation Certificate: what it is for and when it is needed
The land use and occupation certificate is a document issued by the city hall, which attests to the urban conditions of a given real estate property. It defines the parameters that regulate the land, indicating [...]
Consortium of Companies: registration, regularization, and legal obligations
The consortium of companies is provided for in Articles 278 and 279 of Law No. 6,404/76 (Corporations Law). It allows different companies to join forces to carry out a specific venture, such as a public [...]
Check out the latest Paralegal articles
Documents for foreign companies in Brazil: Legal requirements and power of attorney precautions
Every foreign company wishing to operate in Brazil must comply with specific formalities for registration to be approved by the Brazilian Federal Revenue Office (RFB). These requirements are primarily set forth in Normative Instruction [...]
Land Use and Occupation Certificate: what it is for and when it is needed
The land use and occupation certificate is a document issued by the city hall, which attests to the urban conditions of a given real estate property. It defines the parameters that regulate the land, indicating [...]
Consortium of Companies: registration, regularization, and legal obligations
The consortium of companies is provided for in Articles 278 and 279 of Law No. 6,404/76 (Corporations Law). It allows different companies to join forces to carry out a specific venture, such as a public [...]