The Annual Census statement of Foreign Capital in Brazil must be presented until 06:00 pm on August 15 of this year, by the following entities:
- Companies headquartered in Brazil, which have received direct investment from non-residents, in any amount, and with net equity equal to or greater than the equivalent of US$ 100 million, on December 31, 2016;
- Investment funds with non-resident investors and net equity equal to or greater than the equivalent of US$ 100 million, on December 31, 2016. Fund’s managers are responsible for the statement; and
- Companies headquartered in Brazil, which were debtors of short-term commercial credits (maturity up to 360 days), granted by non-residents equal to or greater than the equivalent of US$ 10 million, on December 31, 2016.
The following are exempt from providing the statement:
- Individuals;
- Direct administration entities in any sphere of the federation;
- Legal entities liable for onlending of external credits granted by institutions headquartered in Brazil; and
- Non-profit entities maintained by contributions from non-residents.
Failure to provide information regarding foreign capital in the country, as well as providing false, incomplete, incorrect or out of date information is subject to a fine.
Azevedo Sette’s Team is available for further clarification and additional assistance upon this matter.