By Thiago Moliani
PLBrasil Group | 08.12.2019

We inform that Central Bank of Brazil (BACEN) established by Circular 3,814/2016 and Circular 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:

1. Reference date of December, 31st – the information should be provided by March, 31st of the subsequent year;
2. Reference date of March, 31st – the information should be provided by June, 30th;
3. Reference date of June, 30th – the information should be provided until September, 30th; and
4. Reference date of September, 30th – the information should be provided by December, 31st.

We emphasize that Article 36 of Law No. 13,506/2017 and Circular No. 3,857/2017 of BACEN set forth the possibility fines up to BRL250,000.00 (two hundred and fifty thousand reais), in case of incorrect, incomplete or untimely information.