Dear clients,
Please, find below a summary of the agenda to submit the mandatory Statements to the Brazilian Central Bank regarding the foreign investment in the country in 2024.
In case of delay, submission with incorrect, incomplete, or false information, or non-submission of information subject the entity to fines.
ECONOMIC AND FINANCIAL STATEMENT (DEF)
Quarterly
Brazilian entities receiving foreign direct investment with total assets equal to or exceeding R$300,000,000.00 must submit quarterly statement according to the following schedule:
• By March 31, 2024, for the base date of December 31, 2023;
• By June 30, 2024, for the base date of March 31, 2024;
• By September 30, 2024, for the base date of June 30, 2024;
• By December 31, 2024, for the base date of September 30, 2024.
Annual
Brazilian entities receiving foreign direct investment with total assets equal to or exceeding R$100,000,000.00 (one hundred million Brazilian reais) on the base date of December 31, 2023, are required to submit the statement between July 1 and August 15, 2024 (6pm).
Circumstances that imply inclusion/amendment/exclusion of shareholder structure may require specific procedures.
Saeki Advogados is available to provide you all necessary legal assistance.