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Economic-financial statement of brazilian entities that have received direct foreign investment

02.Mar.18

Comunicado-BACEN---Declaração-Econômico-Financeira-2018

Brazilian entities that have received direct foreign investment must periodically submit to the electronic system of the Brazilian Central Bank information about net equity and paid-in corporate capital, in accordance with the Resolution 3689, of December 16, 2013, of the Brazilian Central Bank and as explained below.

 

1. Term of Delivery of the Economic-Financial Statement. Pursuant to Resolution 3689, the periodicity for the submission of the Economic-Financial Statement of the Brazilian entities varies depending on the value of the assets or net equity of the entities.

Entities that have both assets and net equity in amounts inferior to two hundred and fifty million reais (R$ 250,000,000.00) shall submit the statement annually until March 31, 2018 in relation to the base date December 31, 2017.

Entities that have either assets or net equity in amounts equal to or higher than two hundred and fifty million reais (R$ 250,000,000.00) shall submit statements quarterly, in accordance with the following calendar:

(i) The statement must be submitted by March 31, 2018 in relation to the base date December 31, 2017;

(ii) The statement must be submitted by June 30, 2018 in relation to the base date March 31, 2018;

(iii) The statement must be submitted by September 30, 2018 in relation to the base date June 30, 2018; and

(iv) The statement must be submitted by December 31, 2018 in relation to the base date September 30, 2018.

 

2. Information to be submitted. The entities shall inform to the Central Bank the value of its net equity, the paid-in corporate capital and the amount of corporate capital paid-in by each foreign investor.

In addition, aside from the statements mentioned above, in case of any modification of the equity participation of foreign investors, the entities that received direct foreign investment shall update its records on the electronic system of the Central Bank in up to 30 days as of the date of such modification, in order to provide the information mentioned above (net equity, total paid-in corporate capital and corporate capital paid-in by each foreign investor) in accordance with Resolution 3689, of December 16, 2013.

The Araújo e Policastro team is at your disposal to provide any clarification required and to assist you with the obligations before the Central Bank.

 

 

Contributed to this report: Camila Araújo, Júlio Cesar de Faria, Gustavo Iba Pascoal and Douglas Vicensoto Fukuhara.

Araújo e Policastro