The National Immigration Council published, on March 28, 2017, in the Official Gazette of the Union, Normative Resolution No. 127, which modifies the manner of evidencing direct foreign investment made in Brazil for the work-authorization requests to which this requirement applies.
Before this rule took effect, it was necessary to evidence such investment by means of SISBACEN screens, called “RDE-IED”. However, through a recent modification in the Central Bank’s own system, the screens were replaced, changing in format and nomenclature.
Thus, in order to fit this scenario, the National Immigration Council, by Normative Resolution No. 127, begins to accept as a means of evidencing direct foreign investment the “Current Corporate Structure Screen – Declaratory Registration of Direct Foreign Investment in Brazil” of SISBACEN itself, accompanied by the Exchange Contract issued by the bank that received the investment under the codes that characterize direct foreign investment.
It is worth noting that this provision is valid for any type of investment required for work authorizations.
(Source: EMDOC)
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