Obligations for Companies with assets or net equity LESS than BRL 250 million

OBLIGATION AND DEADLINE: By March 31st, 2022, ALL Brazilian companies having foreign direct investments and with assets or net equity inferior to BRL 250 million, must update with the Foreign Direct Investment Electronic Registration System (RDE-IED) of the Central Bank of Brazil:

1.    their economic and financial information, and
2.    the information related to the equity investment of each foreign investor on the company’s corporate capital.

BASE DATE: December 31st, 2021.

WHAT TO DECLARE: Information related to the assets, liabilities, net equity, paid-in corporate capital and the equity investment of each foreign investor.

 

Obligations for Companies with assets or net equity EQUAL OR HIGHER than BRL 250 million

OBLIGATION: All Brazilian companies having foreign direct investments and with assets or net equity equal or higher than BRL 250 million must submit the Economic-Financial Report up to the following dates:

March 31st, 2022: Information related to the period between October 1st, 2021, and December 31st, 2021;
June 30th, 2022: Information related to the period between January 1st, 2022, and March 31st, 2022;
September 30th, 2022: Information related to the period between April 1st, 2022, and June 30th, 2022; and
December 31st, 2022 (postponed to the next business day, January 2nd, 2023): Information related to the period between July 1st, 2022, and September 30th, 2022.

WHAT TO DECLARE: Information related to assets, liabilities, net equity, paid-in capital, profit / loss, revaluation of assets, exchange variation, estimated value of the Brazilian invested company and the equity interest of each foreign investor in its corporate capital, including information regarding the origin country.

 

Failure to comply with the obligations

The delay, failure, or submission of incorrect or incomplete information may give rise to the imposition of sanctions by the Central Bank of Brazil, such as fines, suspension of exchange operations and more.

 

For more information please contact:

Luiz Donelli – luiz.donelli@dsalaw.com.br
Eduardo Rocha de Carvalho Abreu Sodré – eduardo.sodre@dsalaw.com.br
Suzana C. Cencin Castelnau – suzana.castelnau@dsalaw.com.br
Tomas Arruda – tomas.arruda@dsalaw.com.br

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