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BE-605Quarterly Survey Required for each directly-owned U.S. affiliate whose assets, sales, or net income (loss) exceed $60 million at any time during the fiscal reporting year.

What's the purpose of the BE-13 filing? The BEA uses the BE-13 filings to collect information on the acquisition or establishment of U.S. business enterprises by foreign investors, as well as the expansions by existing U.S. affiliates of foreign investors.

BEA publishes two broad sets of statistics on outward direct investment and on inward direct investment: (1) statistics on international transactions and di- rect investment positions and (2) statistics on the activities of multinational en- terprises.

There are initial filings upon investment, periodic filings, event filings, and a substantial 5-year benchmark filing. The BEA collects the data on a confidential basis to prepare statistical reports that are used in evaluating and setting US economic policy.

What's the purpose of the BE-13 filing? The BEA uses the BE-13 filings to collect information on the acquisition or establishment of U.S. business enterprises by foreign investors, as well as the expansions by existing U.S. affiliates of foreign investors.

Within 45 days of formation or acquisition, a US company with more than 10% foreign-ownership must file a Form BE-13 with the US Bureau of Economic Analysis, a division of the US Department of Commerce. The best time to file a BE-13 is right after formation, as the company starts to gear up to do business.

A willful failure to comply with BEA filing obligations can result in civil and criminal penalties, including possible criminal penalties for any officer, director, employee or agent of the company that knowingly participates in the non-compliance.

Please note that while BEA's surveys are mandatory and businesses are required by law to respond, the contents of these guidance documents do not have the force and effect of law and are not meant to bind the public in any way.