Brazil (BR)

Jurisdiction Overview

IDQuestionAnswer
471 *BO Record: Does the registration of domestic companies comprise beneficial owner's identity information? Yes, more than 25%. All companies require recording of all beneficial owners at threshold of more than 25% (FATF).
 Data Date: 2018

Notes

 
Normative Instruction 1634/2016 of Brazil's tax authority requires all entities (Art. 3) to register their beneficial owners (Art. 8). Art. 8.2 defines beneficial owner as the natural person who has effective control or significant influence or holds more than 25% of the capital or shareholdings. This was confirmed by the Global Forum in 2018 (GF 2018: 45).

Sources

http://normas.receita.fazenda.gov.br/sijut2consulta/link.action?visao=anotado&idAto=97729#1954228
 
Normative Instruction 1863/2018, Art. 3 and 8
 
GF 2018: 45-47