Central Bank Updates Rules For Registering Foreign Capital

Resolution BCB No. 410 updates rules for registering foreign investments, removes some reporting obligations, and reorganizes information disclosure

On October 1st, the Central Bank of Brazil issued Resolution BCB No. 410, dated September 11, 2024, which amended Resolution BCB No. 278, dated December 31, 2022.

In addition to the obligation to register foreign direct investments made through the use of virtual assets in the SCE-IED as per the information provided, the regulations regarding the reporting of foreign capital and periodic declarations have also been updated.

The main innovations introduced include:

• (i) the removal of the obligation to update, within 30 days, the amount of capital contributed by each investor after changes in corporate structure through the inclusion of the Shareholder Structure. This update will only be required when submitting a new Periodic Declaration, if requested by the receiving company, according to the criteria for