We inform that Central Bank of Brazil (BACEN) established by Circular 3,814/2016 and Circular 3,822/2017, that companies which receive foreign investment in Brazil, must periodically update their economic and financial information through the Electronic Declaratory Registry – Foreign Direct Investment (“RDE-IED”).
Therefore, all companies which receive foreign investments, are obliged to provide the financial details until the date of 03/31/2019, subject to the following discretion:
1. Companies that owns assets and Net Equity lower than BRL 250,000.000.00 (two hundred and fifty million reais) must annually update their information until the effective date of December, 31st of the previous year, by 03/31 of each year;
Companies that owns assets and/or Net Equity similar or higher than BRL250,000.000.00 (two hundred and fifty million reais), must quarterly update their information subject to the following calendar: