The BE-13 is a survey from the Bureau of Economic Analysis (BEA) used to track foreign direct investment in the United States. It helps the U.S. government understand how foreign investments impact the economy and ensures accurate economic statistics.
However, not all businesses are required to file the full BE-13 form. If an investment does not reach the $3 million reporting threshold, companies must submit a BE-13 Claim of Exemption form instead. This confirms their status and ensures compliance without the need for the full report.
When is the BE13 or Claim of Exemption form filed?
The BEA requires that the BE-13 or Claim of Exemption be filed within 45 days of the company formation or investment event. Globalfy handles this process at the end of your company formation.
By managing this step, Globalfy ensures your business remains fully compliant from day one.
Confidentiality
All information submitted is kept confidential and used only for statistical purposes, as required by the International Investment and Trade in Services Survey Act.
Information Required for the BE-13 - Claim of Exemption
When completing the survey, report projections for the end of the first fiscal year of operations. If you don’t have any estimates for the first year of operation, or don’t plan to make any transactions during that period, you can fill out the form with 0.
The required information includes:
- Total Assets: Equipment, real estate, investments, and other assets.
- Total Liabilities: Loans, debts with suppliers, partners, etc.
- Net Income (Loss) after Taxes: Income after tax deductions.
- Total Sales or Gross Operating Revenues: Total revenue or sales.
- Total Number of Employees: Include all full-time and part-time employees on the U.S. payroll; Exclude contractors or other workers not on the payroll; If the business has seasonal activity, report an average number for the year.
Need Help?
If you still have any questions or need further assistance regarding this topic, we are available to help. Simply click here to submit your support request and our team will assist you.