Do you or your company, as residents in Brazil, have assets abroad? If so, learn all about the declaration of Brazilian capital abroad (“DCBE”) and be sure to meet the deadline and avoid pending issues or problems with the Central Bank of Brazil (“BACEN”)!

Failure to comply with this obligation may result in administrative proceedings or a fine by BACEN for failing to report capital abroad. Well, the deadline for reporting Brazilian capital abroad is open! If on June 30, the declarant’s assets and values abroad total an amount equal to or greater than 100 million dollars or its equivalent in other currencies, it is mandatory to file a declaration with BACEN by September 5, 2026.

What is the Declaration of Brazilian Capital Abroad (“DCBE”)?

It is the declaration that provides the Brazilian autarchy with detailed information on the foreign investment that is, guarded and/or allocated in banks, real estate and other investments or portfolios, interests in companies and investment funds, debt securities, commercial credits, loans and derivatives, among others, outside the country. This information is important for BACEN and the Brazilian government to regulate the volume of Brazilian investments and resources abroad, ensuring fiscal transparency and preventing currency evasion and money laundering, meeting international commitments to provide macroeconomic statistics and monitoring and supporting the formulation of economic policy and academic research.

Those who are required to submit information on the declaration of Brazilian capital abroad must do so 4 times a year, either annually or quarterly, depending on the total amount of investment outside the country, namely:

• one million US dollars (US$1,000,000.00) or equivalent in other currencies, referring to the periods of December 31 of each base year – Annual CBE; and
• one hundred million US dollars ($100,000,000.00) or equivalent in other currencies, referring to the periods of March 31, June 30 and September 30 of each base year – CBE Quarterly.

Who needs to declare?

The DCBE is mandatory for individuals and legal entities that hold the assets and values listed above abroad, and supporting documentation must be maintained for 10 years. By not reporting, BACEN may initiate administrative proceedings and impose fines! In addition, the declaration helps to avoid problems with the Brazilian Federal Revenue Office and other agencies.

Legal Grounds: Law No. 14.286/2021 and BCB Resolution No. 279/2022.