Brazilian entities receiving direct equity foreign investment in any amount booked as net equity and/or assets in an amount equal to or higher than BRL 250,000,000.00 (two hundred and fifty million Brazilian reais) must update with the Brazilian Central Bank, by June 30, 2020, their corporate and financial statement positions related to the base date of March 31, 2020.
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.
The lack of or late registration may trigger the application of penalties by the Central Bank.
Our Banking & Finance team is ready to assist you in complying with this obligation. For more information, please feel free to contact us.