Foreign legal entities registered with the Brazilian Federal Revenue Service (Receita Federal) must comply with the annual E-BEF (Electronic Beneficial Ownership Statement) filing requirements.
Failure to submit the E-BEF may result in the suspension of the CNPJ, which can prevent the company from carrying out corporate and financial transactions in Brazil, including the remittance of dividends abroad.
If your company has foreign shareholders, it is essential to verify whether the E-BEF filing obligation applies.
V2M assists multinational groups in maintaining corporate compliance in Brazil.
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About V2M
V2M advises international companies throughout every stage of their expansion into Brazil, providing corporate, regulatory, governance, and operational support to transform legal entities into fully operational businesses.
