Annual update, or within 30 days of any registration change
Annual
What it is
Non-Resident Investors (INRs) investing in Brazilian funds must have their registration maintained by an authorized local custodian, updated annually and within 30 days of any relevant registration change (address, ultimate beneficial owner, qualification, jurisdiction). The registration underpins tax treatment, FATCA/CRS and transaction reporting to BACEN (the Brazilian Central Bank).
Who must comply
Local custodians that maintain INR registrations and fiduciary administrators that receive investments from INRs. It covers individuals, legal entities and foreign investment funds.
Penalties for non-compliance
The INR's operations are blocked until the registration is regularized, with fines for non-compliance with Resolução CMN 4.373/2014 and exposure to FATCA/CRS sanctions.
Official source
Resolução CMN 4.373/2014How Arkar automates it
A dedicated INR module: full registration (individuals, legal entities, foreign funds), update workflows, custodian integration and automatic transaction reporting to BACEN/CVM.
View in Arkar Fund System