Every year the Central Bank conducts censuses on foreign investments in the country, with the objective of consolidating information on non-resident inflows of capital and general data on the foreign sector of the economy.
Who? The declarations for the Five-Year Census of Foreign Capital in the Country must be provided by:
- Legal entities based in the country with direct participation of non-residents in their capital stock (quotas or shares), in any amount, on the base date of December 31, 2020;
- Investment funds with non-resident quota or shareholders, on the base date of December 31, 2020, by means of their managers; and
- Legal entities headquartered in Brazil, with a total outstanding balance of short-term commercial credits (payable within 360 days) granted by non-residents, in an amount equal to or higher than the equivalent to US$ 1 million, as of the base date of December 31, 2020.
- Individuals, legal entities that owe lendings of commercial credits granted by institutions headquartered in the country, and non-profit entities supported by contributions from non-residents are exempt from filing a declaration.
When? The declarations for the 2021 Census - must be submitted between July 1st and August 16th, until 4pm.
Azevedo Sette Advogados Consulting team is at your disposal for any necessary measures and clarifications.