1. Indicate who is the final beneficiary
a. The natural person who ultimately – directly or indirectly – owns, controls or significantly influences an entity (holds more 25% percent), directly or indirectly;
b. The natural person on whose behalf a transaction is conducted.
Deadline: Companies must inform the final beneficiary by the deadline of December 31st, 2018.
Penalty: Any legal entity that does not fulfill the information regarding the final beneficiary in due date or does not submit the required documents specified in the IN, shall have its CNPJ’s enrollment SUSPENDED and may have their activities interrupted in Brazil