Please be informed that as of July 1st, at 6pm until August 16th, 2021, the deadline for the submission of the Census on Foreign Capitals in Brazil (Census) to the Brazilian Central Bank (BACEN) begins.
1. Who must declare to the Census:
1.1. Companies headquartered in Brazil that, on December 31st, 2020, had direct investment from non-residents, in any amount;
1.2. Investment funds with non-resident shareholders, on December 31st, 2020, through their administrators;
1.3. Companies headquartered in Brazil that, on December 31, 2020, had a total debit balance of short-term commercial credits (payable in up to 360 days) granted by non-residents, in an amount equal to or above the equivalent to US$ 1 million.
The entities mentioned in items 1.1., 1.2. and 1.3. above must complete the declaration of the 2012 Five-Year Census of Foreign Capital in Brazil and send it to the Central Bank of Brazil via internet during the period comprised between within the period from July 1 to 6 pm to August 16, 2021.
Said declaration will be available on the Central Bank website (www.bcb.gov.br) and, if necessary, more detailed information about the Census is available in the Declarant’s Manual (https://www.bcb.gov.br/content/estabilidadefinanceira/cambiocapitais/Manual2020.pdf).
3. Who is released from presenting the declaration to the Central Bank:
3.2. Federal, State, Municipal and Federal District direct administration bodies;
3.3. Companies that have payables originated from credits extended by foreign entities to financial institutions headquartered in Brazil, and
3.4. Nonprofit organizations financially supported by foreign entities.
4. Supporting documentation
The declaring entities must keep available to the Brazilian Central Bank the documents supporting the information provided to the Census, during the five (5) subsequent years counted as of the date on which the declaration is based.
Should you need further information on this matter, please do not hesitate to contact us.