Brazil:
Deadline For Update Of Economic-Financial Information With The Central Bank Of Brazil Ends On March 31, 2019
05 February 2019
Koury Lopes Advogados
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Brazilian companies that receive direct foreign investment in
their capital in any amount must update their corporate and net
equity information with the Central Bank of Brazil
(“BACEN”), until March 31, 2019.
The required updates comprise:
(a) provide the detailed Economic-Financial
Report with respect to December 31, 2018 base-date, if the company
has assets or net equity in an amount equal to or greater than BRL
250 million; or
(b) update information regarding their net
equity and corporate share capital allocation with BACEN as of
December 31, 2018, in all other cases.
Failure to register, late registration of required information
with the Central Bank of Brazil, or providing false, incomplete or
incorrect information, may subject the Brazilian company to
penalties imposed by the Central Bank of Brazil, in accordance with
the provisions of Resolution No. 3,857/2017, of the National
Monetary Council.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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