The Five-Year Foreign Capital Census 2021, for the base year of 2020, with a base date of 31 December 2020, must be sent to the Central Bank of Brazil from 1 July to 6 pm on 16 August 2021.
The declaration comprises information regarding the corporate structure, economic, accounting and liability information with creditors who are not resident in Brazil.
They are subject to the 2021 Five-Year Census:
- I - legal entities headquartered in Brazil, with direct participation of non-residents in their capital stock, in any amount, on the base date of December 31 of the base year;
- II - investment funds with non-resident quota holders, on the base date of 31 December of the base year, through their managers; and
- III - legal entities headquartered in Brazil, with a total outstanding balance of short-term commercial credits (payable within 360 days) granted by non-residents, in an amount equal to or above US$ 1 million, on the base date of December 31 of the base year.
Failure to submit or submission of incomplete, incorrect, false or untimely information may result in the imposition of a fine.
The Corporate Law team of Barcellos Tucunduva Advogados is available to clarify any doubts related to the above topic, at the e-mail [email protected].
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2021 Quinquennial Census of Foreign Capital
The 2021 Quinquennial Census of Foreign Capital, referring to the year 2020 and to the base date of December 31st, 2020, must be transmitted to the Central Bank of Brazil from July 1st until 6:00 p.m. on August 16th, 2021.
The statement comprises information regarding the corporate structure, economic and accounting information, and liabilities with non-resident creditors in Brazil.
The following are subject to the 2021 Quinquennial Census:
- I - legal entities headquartered in Brazil with direct participation of non-residents in their capital stock, in any amount, on the base date of December 31st, 2020;
- II - investment funds with non-resident holders, on the base date of December 31st, 2020, through their legal representatives; and
- III - legal entities headquartered in Brazil with a total outstanding balance of short-term trade credits (payable within 360 days) granted by non-residents equal to or above US$ 1 million, on the base date of December 31st, 2020.
The failure to submit or the submission of incomplete, incorrect, false or untimely information may result in the imposition of a fine.
The Corporate Law team of Barcellos Tucunduva Advogados is available to clarify any questions related to the above topic, at [email protected].
