Quarterly Information of Brazilian Capital Abroad

The period for submission of the Quarterly Information of Brazilian Capital Abroad (“Quarterly DCBE”) regarding the base date of September 30th, 2023 started on October 31st, 2023, and ends on December 5th, 2023.

The submission of the Quarterly DCBE to the Brazilian Central Bank (“Bacen”) is mandatory for any individual or entity which is resident, domiciled or headquartered in Brazil possessing on September 30th, 2023, assets located and/or amounts deposited abroad of any nature, in the minimum amount of US$ 100,000,000.00 (one hundred million U.S. Dollars) or its equivalent in other currencies.

The failure in submitting the Quarterly DCBE, or the provision of uncomplete or incorrect information, may result in a fine up to BLR 250,000.00 (two hundred and fifty thousand reais).

Costa e Tavares Paes Advogados is at your disposal for further clarification regarding the Quarterly DCBE, as well as for other aspects involving the maintenance of assets abroad.

This newsletter is meant for information purposes only and should not be construed as a legal opinion.