Simplifies registration of foreign direct investment

On 24 November 2016, the Central Bank of Brazil issued Resolution No. 4,533 of the National Monetary Council, which modifies Resolution 3,844 of 23 March 2010, with the purpose of simplifying the registration of Foreign Direct Investment. Records will no longer be carried out in the Central Bank′s system ("SISBACEN"), and a new registration system will be adopted. The Brazilian entity recipient of the foreign investment will be the sole responsible for the registrations (i.e., the foreign investors are no longer responsible) and they may appoint representatives to carry out the registrations on their behalf.

• Type:

  • Entry and establishment (Approval and admission)

• Industry:

  • Not industry specific

• Sources:

  • Central Bank of Brazil, Resolução nº 4.533, de 24/11/2016, https://www.bcb.gov.br/pre/normativos/busca/normativo.asp?numero=4533&tipo=Resolu%C3%A7%C3%A3o&data=24/11/2016, 26 Nov 2016
  • Mondaq, Brazil: Changes In The Foreign Direct Investment Registration, http://www.mondaq.com/brazil/x/548992/Fiscal+Monetary+Policy/Changes+in+the+Foreign+Direct+Investment+registration, 30 Nov 2016