Do you live in Brazil and hold assets abroad? You may have an obligation to the Central Bank.

Are you a foreigner living in Brazil with assets abroad? If so, it is important to check whether you need to file the Brazilian Assets Abroad Declaration (CBE).

The CBE is a mandatory declaration filed with the Central Bank of Brazil by certain residents who hold assets, rights, or investments abroad.

Who might need to file?

This obligation may apply to foreigners who have become residents of Brazil, even if their investments were established prior to moving to the country.

Assets that may need to be included in the declaration include:

Foreign bank accounts;

Financial investments;

Equity stakes in foreign companies;

Real estate outside Brazil;

Other assets and rights held abroad.

Currently, the Annual CBE is generally required for residents holding US$ 1 million or more in assets abroad, subject to Central Bank regulations.

The CBE is not an Income Tax Return

A key point: the CBE is distinct from the Income Tax Return.

The CBE is an obligation to the Central Bank, whereas the Income Tax Return is an obligation to the Federal Revenue Service (Receita Federal). Depending on the situation, a foreign resident may need to comply with both.

What happens if you don't file?

Failure to file, late filing, or providing incorrect information can result in penalties and fines, in addition to the requirement to regularize your status with the Central Bank.

Therefore, do not wait until after the deadline to check if this obligation applies to you.

Visainvest can handle this process for you

At Visainvest, we provide support to foreign residents in Brazil who hold assets abroad, covering everything from assessing whether filing is mandatory to completing and submitting the CBE.

Our service includes:

✔️ Initial assessment of the client's situation;

✔️ Identification of assets held abroad;

✔️ Organization of information and documents;

✔️ Completion of the declaration;

✔️ Submission to the Central Bank;

✔️ Guidance on any outstanding issues.

Do you live in Brazil and hold assets abroad? Contact Visainvest and find out if you need to declare the CBE.