Brazilian companies that are recipients of foreign investment must proceed with the annual update of their net worth and paid-in corporate capital with the Brazilian Central Bank (“BACEN”), in respect of the 2017 financial year by 31st March 2018.
Moreover, Brazilian companies with assets or net worth equal to or greater than BRL 250 million, must file quarterly economic financial statements, the first of which is due by 31st March 2018.
These updates and statements are required under Resolution No. 4,533, of 29th November, 2016 and Circular No. 3,814, of 7th December, 2016 (amended in part by Circular No. 3,822, of 20th January, 2017). Failure to report such information may result in penalties being imposed by BACEN.
We are at your full disposal for any assistance in this regard.