Census of Foreign Capital in Brazil – 2021
The deadline to submit the Census of Foreign Capital in Brazil to the Central Bank is August 16, 2021 (6 pm).
The Census declarations must be submitted by: (a) legal entities headquartered in the country, with direct participation of non-residents in its capital stock on 12/31/20; (b) investment funds with non-resident shareholders on 12/31/20; and (c) legal entities headquartered in the country, with total outstanding balance of short-term trade credits (due within 360 days) granted by non-residents, in an amount equal to or greater than the equivalent in reais to US$ 1 million (based on 12/31/20).
The instructions to submit the Census are available at: (https://www.bcb.gov.br/content/estabilidadefinanceira/cambiocapitais/Manual2020.pdf).
The failure to present or to submit the Census after the deadline may subject the infringing entity to fines.
IWRCF‘s corporate team advises its clients on the submission of the Census of Foreign Capital.