How to Register in SISBACEN
SISBACEN is the electronic information system of the Central Bank of Brazil. It is used to conduct the a large quantity of the bank processes and to monitor the financial transactions in and outside the country. Here you will find information about how to get a registration in this system.
SISBACEN is the abbreviation of Sistema de Informações do Banco Central, which is the Information system of the Central Bank. It was created in 1985 to facilitate the work process of the bank.
SISBACEN monitors the operations of all banks established in Brazil. Through this system, all exchange operations are registered in real time, allowing the Brazilian Central Bank to fully control and inspect the Brazilian exchange market.
Types of SISBACEN Registers
The register in SISBACEN is mandatory for any type of foreign exchange, whether happening inside or outside Brazil. To apply for registration, first you need to find out which type of user account you should have in SISBACEN:
- Governmental User: any organization subjected to the direct administration of municipal, state or federal government, as well as if it is subjected to any of the three of Union Branches (Legislative, Judiciary and Executive)
- Institutional User: any institution subjected to the Central Bank regulatory action and entities linked to National Finance System, such as the stock exchange, as well as other entities linked to any of the three Union Branches
- Special User: a legal entity or a private person
- Public Users: private person or legal entity that needs full access to information of public domain and interest.
Since the Special User is the most common register in SISBACEN and it is usually the one designated to foreigners, this article will specify how to register as a private person or a legal entity.
Registry of Legal Entity in SISBACEN
The Legal Entity can apply to the SISBACEN registry in two different ways: through Autocredenciamento or Credenciamento Presencial.
Registration by Autocredenciamento
The registration in SISBACEN as a Legal Entity can be done online through the Autocredenciamento app provided by the BCB web page in the SISBACEN section. You need the e-CNPJ digital certificate when using the app.
The online registration of the Legal Entity consists in the inclusion of all company data as well as information regarding their representative.
Registration by Credenciamento Presencial
If the company does not have the e-CNPJ digital certificate, the registration must be done through the Credenciamento Presencial, which means that the company will have to apply for the SISBACEN registry physically by one of the representative of the company in any of the Áreas de Informática do Banco Central offices, which are the IT Areas of the Central Bank in Brazil offices. Their addresses can be found in this BCB web page.
For this type of registry, the company must present to the IT Areas the form for the application in SISBACEN, which is the Formulário de Solicitação de Credenciamento. It can be obtained in this BCB web page.
A proof of competence of the company, also known as Comprovante de Competência must also be presented in the IT Area. . In the proof of competence , companies must present documents proofing the type of existing partnership as stated below:
- Limited Partnership: notarized copy of the Articles of Association and Simplified Certificate of Junta Comercial, issued for less than 30 days.
- Anonymous Partnership: social statute, meeting record in which the representatives were chosen and Simplified Certificate of Junta Comercial, issued for less than 30 days
Registry of Private Person in SISBACEN
Private people can apply in the SISBACEN registry in three different ways: through Autocredeciamento, Credenciamento Presencial and Credenciamento por Correspondência.
Registration by Autocredenciamento
This type of registration should be done through online on the BCB web page using the e-CPF. The Autocredenciamento of the Private Person consists in the input of the personal data as well as the inclusion of an access password. Assistance for registering is available in this BCB web page.
Registration by Credenciamento Presencial
The private person must go to any Central de Atendimento Público office, which are the Central Offices of Attendance to the Public. There, the person shall deliver the following documentation in order to apply for the SISBACEN registry:
- Formulário de Solicitação de Credenciamento, which is the Registry Request Form and can be obtained through this BCB web page.
- original or notarized copies of the identity card and CPF.
If the registry was requested by a representative, the representative must present, besides the identity card and the CPF, a power of attorney with notarized signature and the attorney’s identity card.
Registration by Credenciamento por Correspondência
In order to require the registry through regular mail, which is the Credenciamento por Correspondência, the applicant must send the documents to the following address:
Banco Central do Brasil
Divisão de Atendimento ao Público
SBS Quadra 3 Bloco B – Edif. Sede – Segundo Subsolo
CEP 70074-900 – Brasília – DF
The documentation to be sent is:
- notarized copy of the Registry Request Form, as mentioned above in Credenciamento Presencial
- notarized copy of the identity card and CPF.
If the registry is requested by a representative he must present, besides the identity card and the CPF, a power of attorney with notarized signature and the attorney’s identity card.
After Registering at SISBACEN
In Special User cases, after the registration approval in SISBACEN, the Brazilian Central Bank will inform the necessary procedures to receive the code and password needed to finally access the system. For the private person registry by regular mail, the code and the password will be delivered to the private person by mail.
To access SISBACEN, users must download the PASCS10, available in the BCB web page. Upon the first access, users must register another password, using their CPF number to be identified by the system.