The Central Bank of Brazil (“BACEN”), by circular No. 3.795 of June 16th, 2018 (“Circular”), adjusted the procedures and deadlines regarding the mandatory declaration of Annual Census of Foreign Capital in Brazil (“CCEP”).
According to the aforementioned Circular, by 6 pm on August 15, 2020 (“deadline”), companies must transmit the Census, having December 31, 2019 as the base date.
All the information declared on the census are compiled by BACEN and disclosed in a consolidated manner, with statistical purposes of the sectors/activities of the companies, maintaining the confidentiality of investors/creditors and investees/debtors. The BACEN may require the declarants, within a period of five years from the date of the declaration, to provide the supporting documentation of the information provided.
Declarations from the Annual Census of Foreign Capital that show false, incomplete, incorrect information or lack of timely delivery will be subject to the penalties imposed by the rules that regulate the registration and census of foreign capital in the country.
WHO SHOULD PROVIDE THE DECLARATION ON ANNUAL CENSUS?
- Pessoas jurídicas sediadas no País, com participação direta de não residentes em seu capital social, em qualquer montante, e com patrimônio líquido igual ou superior ao equivalente a US$ 100 milhões (cem milhões de dólares dos Estados Unidos da América), em 31/12/2019;
- Fundos de investimento com cotistas não residentes e patrimônio líquido igual ou superior ao equivalente a US$ 100 milhões (cem milhões de dólares dos Estados Unidos da América), em 31/12/2019, por meio de seus administradores;
- Pessoas jurídicas sediadas no País, com saldo devedor total de créditos comerciais de curto prazo (exigíveis em até 360 dias) concedidos por não residentes igual ou superior ao equivalente a US$ 10 milhões (dez milhões de dólares dos Estados Unidos da América), em 31/12/2019.
DISMISSED TO PROVIDE THE DECLARATION FOR THE CENSUS:
- Natural persons;
- Management bodies of the Union, States, Federal District and Municipalities;
- Legal entities debtors of external credits granted by institutions based in the Country;
- Non-profit entities held by contributions from non-residents.
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
State Enrollment Number: When is it required for your company?
The State Enrollment Number is one of the most important records for companies dealing with the circulation of goods or provision of services subject to the Tax on Circulation of Goods and Services (ICMS). Although [...]
Foreign documents in Brazil: a complete guide on sworn translation, notarization, and its risks
The business formalization and legal standing are crucial steps for foreign companies and international investors seeking to operate or invest in Brazil. Although translating documents may seem like a simple task with today's technological tools, [...]
Courts change criteria for counting deadlines: Is your company ready?
The National Council of Justice (CNJ) announced new rules for counting procedural deadlines. As of May 16, 2025, deadlines will be counted from the publication date in the National Electronic Court Gazette (DJEN) or [...]
Check out the latest Paralegal articles
State Enrollment Number: When is it required for your company?
The State Enrollment Number is one of the most important records for companies dealing with the circulation of goods or provision of services subject to the Tax on Circulation of Goods and Services (ICMS). Although [...]
Foreign documents in Brazil: a complete guide on sworn translation, notarization, and its risks
The business formalization and legal standing are crucial steps for foreign companies and international investors seeking to operate or invest in Brazil. Although translating documents may seem like a simple task with today's technological tools, [...]
Courts change criteria for counting deadlines: Is your company ready?
The National Council of Justice (CNJ) announced new rules for counting procedural deadlines. As of May 16, 2025, deadlines will be counted from the publication date in the National Electronic Court Gazette (DJEN) or [...]
