By Thiago Moliani
PLBrasil Group | 08.12.2019

 

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, that owns assets and/or Net Equity similar or higher than BRL 250,000.000.00 (two hundred and fifty million reais), must quarterly update their information subject to the following calendar:

      1. Reference date of December, 31st – the information should be provided by March, 31st of the subsequent year;
      2. Reference date of March, 31st – the information should be provided by June, 30th;
      3. Reference date of June, 30th – the information should be provided until September, 30th; and
      4. Reference date of September, 30th – the information should be provided by December, 31st.

We emphasize that Article 36 of Law No. 13,506/2017 and Circular No. 3,857/2017 of BACEN set forth the possibility fines up to BRL250,000.00 (two hundred and fifty thousand reais), in case of incorrect, incomplete or untimely information.

The PLBrasil Group’s Foreign Capital teamis available to assist you with the records required by the Central Bank of Brazil in the channels below:

+55 (11) 3292-5085

bacen@plbrasil.com.br

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