Dear Sirs,
Periodically, Brazil’s Central Bank conducts a Census of Foreign Capital, in order to determine the amount of foreign capital invested in the Brazilian economy.
In that sense the following entities must submit the 2016 Census:
- corporate entities established in Brazil, with non-resident shareholder holding any amount of capital, on 12.31.2015;
- investment funds with non-resident shareholders on 12.31.2015; and
- corporate entities established in Brazil, with a short-term debt balance (payable in up to 360 days) granted by non-residents calculated in or above the equivalent of US$ 1 million US dollars on 12.31.2015.
The period for submission of forms starts on July 1st, ending at 18:00 of August 15, 2016.
The submission of false or incomplete, inaccurate or delayed information may incur in penalties pursuant to prevailing legislation.
For further information, please contact Raphael Valentim (rvalentim@zilveti.com.br) and Guilherme Novi (gnovi@zilveti.com.br) by mail or at phone (11) 3254-5500.
