The Brazilian Central Bank is receiving statements of Brazilian Capital abroad belonging to by residents in Brazil holders of amounts of any nature, currency assets, property and rights held abroad, that come into an amount that is equivalent or exceeds U.S. $100,000.00 (one hundred thousand American dollars).

The information regarding 2009, based on December 31, must be declared from 9am of June 7, 2010 until the 8pm of July 30, 2010. Failing to present declaration out of this deadline, as well as presenting it with mistakes or vices shall submit the sender to a penalty that imposed by the Brazilian Central Bank.

Miguel Neto Advogados Associados