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ARTICLE · 30 NOVEMBER 2016

Changes In The Foreign Direct Investment Registration

On November 24, 2016, the Central Bank of Brazil issued Resolution No. 4,533 of the CMN, which modifies Resolution 3,844 of March 23, 2010, with the purpose of simplifying the registration...

BrazilGovernment, Public Sector

On November 24, 2016, the Central Bank of Brazil issued Resolution No. 4,533 of the National Monetary Council ("CMN"), which modifies Resolution 3,844 of March 23, 2010, with the purpose of simplifying the registration of Foreign Direct Investment.

Changes to Central Bank of Brazil′s Circular No. 3,689 of December 16, 2013 are also expected soon, in line with the changes brought by Resolution CMN No. 4,533 of 2016.

The purpose of the new rules, which will be effective as of January 30, 2016, is to simplify the procedures for registration of Foreign Direct Investment. Such records will no longer be carried out in the Central Bank′s system ("SISBACEN"), and a new registration system will be adopted.

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