Fees
[Last updated: 1 January 2024, unless otherwise noted]
Initial and ongoing fees must be paid to both B3 and CVM.
Initial admission
The following listing fees must be paid to B3 for a primary listing:
- BRL 84,413 (approximately US$17,389) must be paid for a publicly-held company seeking admission to the B3 trading environment (for example, in the case of a Level II or III BDR program or domestic companies).
- BRL 3,975 (approximately US$818) for the registration of a non-sponsored Level I BDR program.
- BRL 9,931 (approximately US$2,045) for the registration of a sponsored Level I BDR program.
Secondary listings are exempted from this fee requirement.
The listing fees to be paid to the CVM correspond to 0.03% of the value of the offering.
Ongoing fees
The annual fees to be paid to B3 are either:
- For a publicly-held company (including domestic companies), the fee will be comprised of a fixed portion of BRL 54,674 (approximately US$11,263), plus a variable portion calculated by multiplying (a) 0.00515% by (b) the corporate capital of the previous corporate year.
- For Level II and III BDR programs, the annual fee to be paid to B3 is BRL 54,674 (approximately US$11,263).
- For a non-sponsored and sponsored Level I BDR program, the annual fee to be paid to B3 is BRL 10,206 (approximately US$2,102).
The fees to be paid to the CVM are calculated and paid on an annual basis, based on the net equity of the publicly-held company (applicable both to domestic or foreign companies), as follows: