The foreign capital census of the Brazilian Central Bank (“Census”) is a mandatory declaration for Brazilian entities and investment funds whose patrimonial composition contains foreign participation, or which have received investments from non-residents.
The purpose of the Census is to collect information about the external debt of Brazil, allowing the Central Bank to compile statistics to subsidize the formulation of economic policies, and to assist research and activities of international organizations.
The Census is governed by Circular 3.795, of 16 June 2016 issued by the Central Bank, which stablishes the Annual Census and the Quinquennial Census.
The Quinquennial Census refer to years finishing in zero (0) or (5), and the respective declaration must be submitted in the period starting on July 1st, up to August 15, at 6pm, of the subsequent year. In the years that the Quinquennial Census does not occur, the Annual Census declaration must be submitted.
Therefore, starting on July 1st, 2021, up to August 15, 2021, the following entities must submit to the Brazilian Central Bank the Declaration of the Quinquennial Census of Foreign Capital in Brazil, with reference to year 2020:
- entities located in Brazil, whose capital contains foreign direct investment, in any amount, on December 31st, 2020;
- investment funds with non-resident quotaholders on December 31st, 2020;
- entities located in Brazil, with short term debts (payment term up to 360 days) owed to non-residents, in the total amount equivalent to or higher than USD 1 million (one million US Dollars), on December 31st, 2020.
Persons, entities with foreign debts granted by financial institutions located in Brazil and non-profit organizations maintained by contributions of non-residents, are exempt from the obligation to submit the declaration related to both Census.