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The Mandatory Survey Filing of foreign direct investment in the United States. Required by All Businesses in 2023
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If your incorporation took place within the past five years, you might find this requirement unfamiliar. It is important to note that failing to comply may result in a civil penalty ranging from $2,500 to $25,000, and a criminal penalty of $10,000.
We tailor our services to fit each business's unique needs for personalized and efficient filing.
Top-notch service from experienced professionals, who are well-versed in compliance with federal laws and regulations, ensuring accurate filings.
Our team will work efficiently to ensure that all tax filing is submitted before the deadline, avoiding any penalties or fines.
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BE-12 is a survey conducted by the Bureau of Economic Analysis every five years to collect data on foreign investment in the US. All US businesses with foreign ownership or control (of 10% or more) must participate.
Form BE-12 must be filed by any U.S. business entity where a foreign parent (company or individual) held a minimum 10% voting interest, directly or indirectly, at the end of fiscal year 2022.
All companies required to file the BE-12 must do so even if not contacted.
The deadline for filing the BE-12 is June 30th.
All entities with more than 10% foreign ownership or interests at the end of the year in 2022 must file, including ecommerce sites that distribute products digitally, and partnerships with real estate held for non-personal use.
Yes, your company is still required to file a BE-12 form if your company is owned by a foreign entity (company or individual) which has a ten percent or greater voting (or equivalent) interest.
If the U.S. business enterprise was still in existence and still at least 10 percent foreign-owned at the end of its fiscal year that ended in calendar year 2022, then the company is required to file the BE-12 form.