The Census is a survey made by the Central Bank about foreign investments in the Brazilian economy. Before this new rule, the Census was held once every five years. The statements shall take into consideration the balance sheet on the last day of the previous year.
The statements shall include:
The obligation of submitting the statements to the Annual Census applies to:
(I) Legal entities, with their headquarters in Brazil, with participation of non-residents in their capital stock, in any amount, and net equity equal to or greater than US$ 100 million;
(ii) Legal entities, with their headquarters in Brazil, with external debt (short term commercial loans, required within 360 days) equal to or greater than US$ 10 million;
(iii) Investment funds, with net equity equal to or greater than US$ 100 million, and with participation of non-residents.
The Investment Funds shall inform their total application and the participation of non-residents, specifying the non-resident investors owning 10% or more of the assets of the fund.
In 2012, the deadline for submitting the statements to the Central Bank ends on September 6th, 2012, under the penalty of fines up to R$ 250.000,00.
The documents proving the information given to the Central Bank shall be kept by the informants for five years counting from the base date of the statement.
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