Deadline to register the Economic-Financial Information and update Net Worth and Paid-In Capital with the Brazilian Central Bank ends on March 31st
Rule 3,689/2013 (as amended) issued by the Central Bank of Brazil, establishes that companies with direct foreign investment, with net worth or assets of R$250 million or more, must register their Economic-Financial Information on or before March 31st 2020. The Economic-Financial Information must reflect the companies’ situation as of December 31st. 2019.
Companies with net worth and assets of less than R$250 million must update, also on or before March 31st 2020, the information of net worth and paid-in capital of each of their foreign investors as of December 31st 2019.
The lack of filing of the above information, or the late or incomplete filing may result in fines issued by the Central Bank.
IWRCF’s corporate team advises its clients with the preparation and filing of the necessary information with the Brazilian Central Bank.