Annual Census on Foreign Capitals in Brazil
Required by the Brazilian Central Bank, the annual Census on Foreign Capitals in Brazil (CCE) has to be prepared until August 15 by the following parties:
- Legal entities headquartered in Brazil held by foreign shareholders (entities or individuals) whose net asset value is equal to or higher than US$100 million on 12/31/2018;
- Managers of investment funds held by foreign shareholders whose net asset value is equivalent to US$100 million on 12/31/2018; and
- Legal entities headquarters in Brazil whose debtor balance of short-term commercial credits granted by non-residents is equal or higher than US$10 million on 12/31/2018.
Penalties up to BRL 250,000.00 apply for the non-compliance of it.
Farroco Abreu is at your disposal for further clarifications.
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