We inform that the deadline for the periodic update of the Electronic Declaration Record of Foreign Direct Investment (RDE-IED), expires on March 31, 2022 (referring to the base year 2021).
Mandatory Criterion
This obligation applies to all Brazilian business companies that have non-resident partners/shareholders in Brazil, regardless of financial/corporate transactions that occurred in the base year of the declaration (2021).
Consequence of possible non-compliance with procedures and deadlines:
The non-provision or provision of false, incomplete, incorrect or outside the established deadlines subject offenders to a fine of up to R$ 250,000.00 (two hundred and fifty thousand reais), as established in Article 60 of Circular No. 3,857, of November 14, 2017.
The Central Bank of Brazil may also suspend the registration of the Brazilian company (recipient of foreign investment) in case of non-compliance with the standard. With the registration suspended, the company is unable to move financial resources through foreign exchange operations.
The PLBrasil Group’s Foreign Capital teamis available to assist you with the records required by the Central Bank of Brazil in the channels below:
+55 (11) 3292-5085
bacen@plbrasil.com.br
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