By Thiago Moliani
Group PLBrasil | 11/24/2020
The Central Bank of Brazil (BACEN) established by Circular No. 3,689 / 2013, with the amendments given by Circular 3,814 / 2016 and Circular 3,822 / 2017, the obligation for all companies that receive direct investment with assets total or shareholders’ equity equal to or greater than R $ 250 million, on the base date of Setember 30, according to the following calendar:
- data base of December 31st, the information should be provided by March, 31st of the subsequent year;
- data base of March 31st, the information should be provided by June, 30th;
- data base of June 30th, the information should be provided until September, 30th; and
- data base of September 30th, the information should be provided by December, 31st.
We also reinforce that the 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.
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 [...]
