The declaration of capital abroad must be made by April 5. This declaration is mandatory for residents in the Country who hold assets abroad totaling an amount equal to or greater than the equivalent of US$ 100,000.00 as of December 31, 2017.
In accordance with the fixed calendar set out in Circular 3,624, of 02/06/2013, amended by Circular 3,830, of 03/29/2017, the period for the CBE 2018 declaration runs from February 15 to 6 p.m. on April 5, 2018.
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The quarterly declaration is also mandatory. For residents in the Country who hold assets (participation in the capital of companies, fixed-income securities, shares, deposits, real estate, among others) against non-residents, totaling an amount equal to or greater than the equivalent of US$ 100,000,000.00 (one hundred million United States dollars) on the last day of each quarter. See more on the Central Bank’s website.
Declaration of capital abroad – Brazilian assets
The stock of Brazilian assets abroad reached US$ 457 billion in 2016. This was the highest value in the historical series, with a variation of 3.1% compared to the previous year (the most recent data made available by the Central Bank).
The 15% growth in the stock of Brazilian assets abroad, from 2013 to 2014, was fundamentally due to the incorporation of the external assets reported in the amending declarations of Brazilian Capital Abroad (CBE), under the Special Regime for Exchange and Tax Regularization (RERCT), which totaled US$ 54 billion.
In 2016, direct investments represented 73.4% of the total stock of Brazilian assets abroad. Followed by deposits, 9.9%, and portfolio investments (shares and securities), 6.9%.
Considering the stock of direct investment assets – participation in capital, the Cayman Islands held 21.4% of the invested value. Followed by the British Virgin Islands, 13.2%, and the Netherlands, 12.7%.
With respect to the sectoral distribution, companies operating in the services sector accounted for 70.1% of the stock of Brazilian direct investment abroad – participation in capital, of which 51.9% directed to financial services and auxiliary activities. Among the other sectors with the largest investment, oil and natural gas extraction and the extraction of metallic minerals stand out, with 9.3% and 7.5%, respectively, of the stock.
Access here the full report on the Central Bank’s website.
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