The term for foreign companies enrolled with the National Register of Legal Entities (CNPJ/MF) to inform their final beneficiary to the Brazilian Federal Revenue Office is expiring

  • - 18 October, 2018 - News

Has your company informed it?

The term for foreign companies enrolled with the National Register of Legal Entities (CNPJ/MF) to provide information on its chain of control up to the final beneficiaries expires on December 31. This is also the deadline to register a legal representatives in Brazil, authorized to represent the company before the Brazilian Federal Revenue Office.

Companies that do not provide such information to the Brazilian Federal Revenue Office may have their CNPJ suspended and may be prohibited from performing some transactions with banks – according to article 39, item I of the Normative Instruction No. 1634/2016.

We emphasize that the procedure for the final beneficiary inclusion in the foreign company registration depends on the analysis of the final beneficiary’s documents by the Brazilian Federal Revenue Office. This procedure is made by filing an administrative proceeding (called “Dossiê Digital”) and by filling the Basic Entry Form for the CNPJ (called “DBE”) in a virtual service (called “e-CAC”) with access by digital certificate.

Chenut Oliveira Santiago is at your entire disposal to assist you on this matter.