Brazilian companies that have direct foreign investment must update their social and economic-financial information before the Brazilian Central Bank (BACEN) through the module RDE-IED, which refers to Electronic Declaratory Registration (RDE) and Foreign Direct Investment (IED).

Deadline and Information to Provide

The deadlines to provide information and the type of information needed may vary depending on the value of the assets or net worth of the company.

Besides updating their shareholding composition for the base date of 12.31 of the previous year, the companies shall provide information related to (i) the company’s net worth; (ii) total paid-in social capital; and (iii) paid-in social capital by each foreign investor.

Annual Deadline

  • Companies with a foreign direct investment with assets or net worthlower than BRL 250,000.000.00 as of the base date of 12.31.2021 → up to 03.31.2022.

Quarter Deadline

  • Companies with a foreign direct investment with assets or a net worth higher than BRL 250,000.000.00 as of the base date of 12.31.2021 →
  • Up to 03.31.2022, referring to the base date of 12.31.2021;
  • Up to 06.30.2022, referring to the base date of 03.31.2022;
  • Up to 09.30.2022, referring to the base date of 06.30.2022;
  • Up to 12.31.2022, referring to the base date of 09.30.2022.

Penalties:

Failure to provide information regarding foreign capital in the country and the provision of false, incomplete, incorrect, or late information may subject the infracting company to a fine up to BRL 250,000.00 (two fifty thousand Brazilian reais).

The Fraga, Bekierman & Cristiano Advogados teams are prepared to attend to the queries arising from the legislation in question and provide the necessary assistance.