Registration of Quarterly Economic and Financial Statement with the Central Bank: Base Date – September 30, 2022

Brazilian entities receiving foreign direct investment in any amount, and whose net equity and/or total assets amount to BRL 250,000,000.00 or higher, must submit to the Central Bank of Brazil, by January 02, 2023, their economic and financial statement (declaração econômico-financeira) relating to the base date of September 30, 2022.

This submission is one of the obligations applicable to entities that receive the foreign direct investment mentioned above, and failure or delay to comply with it can trigger the application of penalties by the Central Bank.

Demarest’s Banking and Finance team is available to provide any further clarifications that may be necessary and assist you in complying with this obligation.