Brazil:
Central Bank Of Brazil - Financial-Economic Statements
11 March 2019
Veirano e Advogados Associados
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In accordance with the Circular of the Central Bank of Brazil
No. 3,689, dated December 16, 2013, as amended by the Circular of
the Central Bank of Brazil No. 3,814, dated December 7, 2016, and
by the Circular of the Central Bank of Brazil No. 3,822, dated
January 20, 2017, which regulate foreign capital in Brazil and
Brazilian capital abroad, Brazilian companies with direct foreign
investments of non-residents must keep up to date certain
information before the Central Bank of Brazil, as mentioned
below.
Brazilian companies that, on December 31, 2018, had net worth
and assets in amounts lower than R$250 million must update their
corporate information (amounts of net worth, paid-up capital and of
the capital paid in by each foreign investor) until March 31,
2019.
Brazilian companies that have net worth or total assets in an
amount equivalent to or higher than R$250 million must file
Financial-Economic Statements, in accordance with the following
calendar:
- Base-date of December 31, 2018 - the Statement must be
filed until March 31, 2019;
- Base-date of March 31, 2019 – the Statement must be
filed until June 30, 2019;
- Base-date of June 30, 2019 - the Statement must be filed
until September 30, 2019; and
- Base-date of September 30, 2019 - the Statement must be
filed until December 31, 2019.
Veirano's corporate and M&A team is available to assist
you, as well as to clarify any doubts that may arise on the above
matter.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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