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
Check out the latest Paralegal articles
Attention, companies with investment abroad! The deadline to declare financial information is March 31st
Companies with more than BRL 300 million in assets and investment abroad, pay attention! The deadline for updating financial information with the Central Bank is the end of the month. Learn more about quarterly [...]
Public records update: Is your company up to date?
The formal existence of any company is subject to the maintenance of records required by the different instances of Government, each with its own peculiarities and uses. In this sense, City Halls, States and the [...]
Filing of corporate acts before the Commercial Registry: When things do not go as expected
Correctly filing corporate documents goes far beyond whimsy and precision. This is a crucial activity for the company to meet compliance requirements, protecting not only its own interests but also the interests of any people [...]
Check out the latest Paralegal articles
Attention, companies with investment abroad! The deadline to declare financial information is March 31st
Companies with more than BRL 300 million in assets and investment abroad, pay attention! The deadline for updating financial information with the Central Bank is the end of the month. Learn more about quarterly [...]
Public records update: Is your company up to date?
The formal existence of any company is subject to the maintenance of records required by the different instances of Government, each with its own peculiarities and uses. In this sense, City Halls, States and the [...]
Filing of corporate acts before the Commercial Registry: When things do not go as expected
Correctly filing corporate documents goes far beyond whimsy and precision. This is a crucial activity for the company to meet compliance requirements, protecting not only its own interests but also the interests of any people [...]
