Bacen: Census on Foreign Capitals in Brazil must be submitted between July 1 and August 15

Reports must be filed by legal entities and investment funds that have foreign participation in the equity composition or that received investment from non-residents

Between July 1 and August 15, at 6 p.m., the Central Bank of Brazil will be receiving the annual statements for the 2022 Census of Foreign Capitals in the Country.

The submission of this report is required by the agency for the compilation of statistics and research databases and for developing economic policies.

The Annual Census concerns the base dates of years not ending in 0 or 5 (these, in turn, pertain to the Quinquennial Censuses).

Read more: Understand the main obligations on the provision of information to Bacen in 2022

Who is required to provide information?

The 2022 Census report is mandatory for:

• Legal entities based in the country, with direct participation of non-residents in their capital stock, regardless of the amount, whose net worth is equal to or greater than the equivalent of USD 100 million as of the base date of 12/31 of the corresponding base year;
• Investment funds with non-resident shareholders, whose net worth is equal to or greater than the equivalent of USD 100 million, as of the base date of 12/31 of the corresponding base year, through their managers;
• Legal entities based in the country, whose outstanding balance in short-term trade debts (due within 360 days) granted to them by non-residents is equal to or greater than the equivalent of USD 10 million, as of the base date of 12/31 of the corresponding base year.

Exemptions

The following are exempt from filing the report: individuals; Direct Administrative bodies of Federal, State, Federal District and Local governments; legal entities that are debtors of foreign loans granted by institutions based in Brazil; and non-profit entities maintained by the contributions of non-residents.

Sanctions

Entities that fail to supply information or provide false, incomplete, incorrect, or untimely data will warrant a fine of up to BRL 250,000.

Compliance with the Bacen

The DPC has a dedicated department to support individuals and legal entities in maintaining compliance with the Bacen. Count on this support for the preparation and submission of the Annual Census and other reporting requirements. Talk to our team: dpc@dpc.com.br.