2016 Census Of Foreign Capital In Brazil (Base Year 2015)

On June 16, 2016, the Central Bank issued the Ruling ("Circular") No. 3,795, which revoked Ruling ("Circular") No. 3,602 of June 25, 2012 and Circular Letter ("Carta Circular") No. 3,603, of June 27, 2013. It is noteworthy that, apart from ratifying the mandatory annual declaration of the Census of Foreign Capital in Brazil, the new rule established a five-year declaration for such Census of Foreign Capital, with conditions different than those applicable to the annual census, as further detailed below.

According to the new rule, the Five-Year Census of Foreign Capital must be declared with respect to all years ending with zero (0) or five (5). On the other hand, the Annual Census of Foreign Capital must be declared for the other years.