published on November 21, 2023
by Thiago Moliani
Brazilian companies receiving foreign investment are required to update their economic and financial information through the Electronic Statement Registration – Direct Foreign Investment (Registro Declaratório Eletrônico – Investimento Externo Direto – “RDE-FDI”).
The Economic and Financial Statement (Declaração Econômico-Financeira – DEF) is a quarterly periodic statement including the identification of non-resident investors and their respective foreign direct investment codes (FDI Codes), which are essential information for detailing foreign direct investment and accounting information about the recipient.
Which companies must declare?
The quarterly declaration is mandatory for companies receiving foreign investment with assets equal to or higher than three hundred million Brazilian reais (BRL 300,000,000.00).
Check the calendar below:
- 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.
Criteria for imposing a fine
In case of non-compliance, the Article 66, chapter IV, Resolution 131/2021 of the Central Bank of Brazil (BACEN) sets forth the criteria for imposing fines, which may be up to two hundred and fifty thousand Brazilian reais (BRL 250,000.00) in case of incorrect or incomplete information or untimely statements.
The PLBrasil Group’s Foreign Capital team is available to assist you with the registrations required by the Central Bank of Brazil in the channels below:
+55 (11) 3292-5050
plbrasil.sp@plbrasil.com.br
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