News

Foreign Capital Census of 2017

08.Aug.17

Censo de Capitais Estrangeiros no País

Pursuant to the Central Bank Resolution no. 3,795 of June 16, 2016, the legal entities domiciled in Brazil that fit the criteria described below on December 31, 2016, are subject to the Foreign Capital Census and shall file with the Central Bank a statement with the information required by the Foreign Capital Census of 2017, until 6p.m. of August 15, 2017.

The statement shall be filed by legal entities domiciled in Brazil that meet the following criteria on December 31, 2016:

legal entities domiciled in Brazil that had equity participation of individuals or legal entities domiciled abroad, in any amount, and that had net equity equal to or higher than one hundred million dollars of the United States of America (US$ 100,000,000.00) on December 31, 2016;

investment funds with quotaholders domiciled abroad and with net equity equal to or higher than one hundred million dollars of the United States of America (US$ 100,000,000.00) on December 31, 2016, by its officers;

legal entities domiciled in Brazil that owed short term (maturity in up to 360 days) commercial credits granted by individuals or legal entities domiciled abroad in an amount equal to or higher than ten million dollars of the United States of America (US$ 10,000,000.00) on December 31, 2016.

The exchange rate of the dollar of United States of America on December 31, 2016 was US$ 1.00 = R$ 3.26. The official exchange rate of the Central Bank of Brazil for other currencies may be consulted by clicking here.

The failure to file the statement; filing the statement with false, incomplete or inaccurate information; and filing the statement after the deadline shall submit the violators to penalties of up to R$ 250,000.00, in accordance with articles 6 and 58 of Law No. 4,131/1962 (as modified by the Provisional Measure No. 2,224 of September 4, 2001). The enforcement of the penalties is regulated by Resolution No. 4,104 of June 28, 2012.

Araújo e Policastro team is available to provide any clarification you may need in relation this matter.

 


Contributed to this report:

Camila Araújo 55 11 3049-5724

Júlio Cesar Domingues de Faria | 55 11 3049-5785

Gustavo Felício Iba Pascoal | (11) 3049-5792

João Junqueira Malachias Marques | 55 11 3049-5717

Araújo e Policastro