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What is the purpose of Form BE-12 and what is it used for?

The BE-12 form is a tool used in the United States to collect data on foreign direct investments (FDI) in the country. It is a mandatory survey that must be completed by certain U.S. companies, both residents and non-residents, that have foreign investments or are owned by foreign investors.

The main purpose of the BE-12 form is to provide the United States government with detailed information about the economic activities of U.S. companies abroad. This includes data on the sales, assets, and earnings generated by these companies overseas. The form helps authorities monitor and understand the impact of foreign investments on the U.S. economy, as well as assess capital flows and the state of the balance of payments.

The BE-12 form is essential for collecting accurate and up-to-date information about the economic presence of U.S. companies abroad. This information is used by the government, economic analysts, and academics to evaluate trends and make informed decisions regarding trade, fiscal, and investment policies. In summary, the BE-12 form plays a fundamental role in collecting data on foreign direct investment in the United States and is a valuable tool for understanding the country's global economy.

Who is required to file BE-12?

The BE-12 form must be filed by certain U.S. companies, both residents and non-residents, that meet the criteria established by the U.S. Census Bureau. The main requirements are listed below:

Mandatory reporting companies: Companies that are subject to the mandatory filing of the BE-12 form include those that are directly or indirectly owned by foreign investors or have direct foreign investments abroad, and meet specific monetary thresholds established by the Census Bureau.

Non-U.S. companies: Non-U.S. companies operating in the United States that meet the established monetary thresholds must also file the BE-12 form.

It is important to note that the monetary thresholds and other requirements may vary depending on the reference date and the classification of the company based on its size and economic activity.

If a company meets the established criteria, it is generally expected to file the BE-12 form within the deadlines set by the Census Bureau. It is advisable to consult directly with the Census Bureau or seek legal or accounting advice to obtain specific and up-to-date information on the filing requirements of the BE-12 form in a particular context.

Which BE-12 form should your U.S. entity file?

Mail US BE-12_2 (1)


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