DEADLINE FOR SUBMISSION OF THE ANNUAL CENSUS STATEMENT OF FOREIGN CAPITAL IN BRAZIL IS AUGUST 15, 2019 (REFERENCE DATE OF DECEMBER 31, 2018)

BRAZIL: FOREIGN CAPITAL

Who should deliver the statement?

• Corporate entities based in Brazil, with nonresidents directly holding an equity interest in its share capital, in any amount, and, cumulatively, with a net equity equal to or above US$100 million on December 31, 2018;
• Investment Funds with nonresidents members and a net equity equal to or above US$100 million on December 31, 2018; and

• Corporate entities based in Brazil with a total balance of short-term commercial loans (due within a maximum of 360 days) granted by nonresidents, in the amount of US$10 million or more, on December 31, 2018.
Who is dismissed?
• Natural persons;

• Agencies of the federal government in any sphere of the federation;

• Corporate entities debtors of external on-lending credits granted by institutions based in Brazil; and

• Nonprofit business held by nonresidents.

When is the deadline?

• The Statement shall be submitted before or by 6:00 p.m. of August 15, 2018.

Azevedo Sette’s Corporate team would be pleased to answer any questions and provide any assistance you may need on preparing or filing the information return.

Azevedo Sette Advogados