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The period for the information of Foreign
Direct Investment to BACEN expires on March 31st, 2019

GTLawyers

 

We inform that the period for the companies that have received foreign investment in the modality RDE-IED (Electronic Declaratory Register - Foreign Direct Investment) to update their positions of investment in the system of Brazilian Central Bank expires on March 31st.

All the companies that receive foreign investment in the abovementioned modality – in any amount – shall update the register, being certain that those with net worth or total assets equal to or higher than R$ 250 million on the reference date December 31st, 2018 shall provide economic and financial statements quarterly, according to the schedule below:

  • Until March 31st, regarding the reference date December 31st, 2018;

  • Until June 30th, regarding the reference date March 31st, 2019;

  • Until September 30th, regarding the reference date June 30th, 2019;

  • Until December 31st, regarding the reference date September 30th, 2019.

In case of the provision of incorrect, incomplete or late information, the company that receives the investments shall be subject to a fee, as per Laws no.4.131/1962 and no. 11.371/2006, and the BACEN Circular no. 3.857/2017.

GT Lawyers is at your disposal to any clarification that may be required, as well as to help you with the abovementioned statements. 

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