The deadline for the submission of the annual declaration on Foreign Direct Investment by recipients (“Declaration”) is March 31st, 2025.
The Declaration, as mandated by the Brazilian Central Bank, is compulsory for domestic legal entities that have non-resident shareholders and total assets equal to or greater than BRL 100,000,000.00, on the base date of December 31st of the previous year. Submission must be executed through the Foreign Capital Information System for Direct Foreign Investment (in Portuguese, Sistema de Prestação de Informações de Capital Estrangeiro de Investimento Estrangeiro Direto).
We emphasize that failure to submit the Declaration, deliver after the deadline, or with incorrect information, may result in fines of up to BRL 500,000.00, with increases in certain circumstances, in accordance with the legislation and regulations.