By Thiago Moliani

PLBrasil Group | 25/11/2019

We inform that Central Bank of Brazil (BACEN) established by Circulars 3,814/2016 and 3,822/2017, that companies which receive foreign investment in Brazil, must periodically update their economic and financial information through the Electronic Declaratory Registry – Foreign Direct Investment (“RDE-IED”).

Therefore, all companies which receive foreign investments, that owns assets and/or Net Equity similar or higher than BRL 250,000.000.00 (two hundred and fifty million reais), must quarterly update their information subject to the following calendar:

• Reference date date of December, 31st, by March, 31st of the subsequent year;
• Reference date date of March 31st, by June, 30th;
• Reference date date of June, 30th, by September, 30th; and
• Reference date of September, 30th, by December, 31st.

We emphasize that Article 36 of Federal Law No. 13,506/2017 and Circulars No. 3,857/2017 and 3,910/2018 of BACEN set forth the possibility fines up to BRL 250,000.00 (two hundred and fifty thousand reais), in case of incorrect, incomplete or untimely information.