Statement of Brazilian Capitals Abroad - 2021 (CBE)

Individuals or legal entities resident, domiciled or headquartered in the country, shall submit to the Central Bank of Brazil (BACEN) a statement of assets and values (goods, rights, financial instruments, available funds in foreign currency, deposits, real estate, interest in companies, shares, bonds, commercial credits, etc.) that they have outside the national territory.

There are two kinds of declarations:

Annual Statement: Amounts in excess of US$1,000,000.00 (one million U.S. dollars); and

Quarterly Statement: Amounts exceeding US$100,000,000.00 (one hundred million U.S. dollars).

For the purposes of calculating the above limit, in the event the assets and values belong to two or more persons, the full value of the assets shall be considered, regardless of the number of account holders or joint owners.

The deadlines for submission of returns (CBE) for the base year 2020 are*:

Annual Statement, dated as of 31.12.20 -Until 6 p.m. on April 5, 2021.

Quarterly Statement:

  • With base date on 31.03.21 - Between April 30 and 6 pm on June 5, 2021;
  • With base date on 30.06.21 - Between July 31 and 6 pm on September 5, 2021;
  • With base date on 30.09.21 - Between October 31 and 6 pm on December 5, 2021.

The persons responsible for the declaration (CBE) must maintain, for a period of five (5) years from the base date of the declaration, the documentation supporting the information provided.

Should it coincide with a day on which BACEN is closed, the initial term of the deadlines set shall be postponed until 10 a.m. of the first subsequent business day.

The BTLAW Corporate Team is available to assist you with further information.