Companies with foreign/non-resident shareholders and assets equal to or greater than R$100 million must submit an annual statement to the Brazilian Central Bank by March 31, 2025.
Who is required to make the filing? What needs to be reported?
Companies that, as of the base date of December 31, 2024, had (i) foreign direct investment, defined as the participation of foreign or non-resident investors in the corporate capital of a Brazilian company; and (ii) total assets with an amount equal to or greater than BRL 100 million, must submit the annual periodic statement to the Brazilian Central Bank.
This statement includes accounting and economic information about the company, as well as data on its foreign or non-resident shareholders.
When should it be done?
The statement for the base date of December 31, 2024 must be submitted by March 31, 2025.
What happens in the event of non-compliance?
Failure to comply with the filing requirement, whether due to not submitting the information, submitting false, incomplete, or inaccurate details, or missing the deadline, may lead to fines imposed by the Brazilian Central Bank.
Legal Basis: BCB Resolution No. 278, of December 31, 2022. Law No. 14,286, of December 29, 2021.