OrbitaxBrazil Publishes New Normative Instruction on Registry of Legal Entities Including Extended Beneficial Ownership Reporting Deadline
|Approved Changes|Brazil
Brazil has published Normative Instruction No. 1863 of 27 December 2018, which replaces Normative Instruction No. 1634 of 6 May 2016 on instructions for the National Registry of Legal Entities (CNPJ). The instructions include that both domestic and offshore companies are required to identify the beneficial owners of transactions, which includes persons owning, controlling, or having significa…
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