David e Aniceto Advogados Associados
Brazil:
Foreign Capital Census – Central Bank Of Brazil
20 October 2017
David e Aniceto Advogados Associados
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According to Circular No. 3795 edited by Central Bank of Brazil,
the Annual Foreign Capital Census related to base date of December
31, 2016, shall be presented up to August 15, 2017
at 6pm, being mandatory for:
- corporate entities or investment
funds with foreign capital and Net Equity equal or higher to the
equivalent to one hundred million American dollars (US$
100,000,000.00) in the respective base date, and
- corporate entities bearing short term
commercial debts before non-residents in an amount equal or higher
to the equivalent of ten million American dollars (US$
10,000,000.00), in the respective base data.
The non-presentation or the late submission of the Census'
information to the Central Bank of Brazil, or the presentation of
fake or incomplete information, could subject the corporate
entities and investment funds to penalties in accordance with the
Resolution no. 4104/2012 of National Monetary Council.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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