Brazilian entities that receive direct equity foreign investment in any amount booked as net equity and/or total assets in an amount equal to or greater than BRL 250,000,000.00 (two hundred and fifty million Brazilian reais) must update with the Central Bank of Brazil, by June 30, 2021, their corporate and financial statement positions related to the base date of March 31, 2021.
This update forms part of the obligations applicable to entities that receive foreign direct investment and that must be complied with before the Central Bank of Brazil.
The lack of or late registration may trigger the application of penalties by the Central Bank of Brazil.
Our Banking & Finance Law team is ready to assist you in complying with this obligation. For more information, please feel free to contact us.