Your first BE-605 is due within 30 days of the end of your most recent fiscal quarter, or 45 days if it’s the final quarter of the financial reporting year. If the U.S. business entity is below the form’s exemption level OR the U.S. business entity is indirectly foreign owned and had no direct transactions with the foreign parent or any foreign affiliates of the foreign parent, then it should complete the Claim for Exemption, Contact Information, and the sections that identify the U.S. Affiliate, Foreign Parent, and Ultimate Beneficial Owner.

If your U.S. business enterprise was acquired or established by a foreign entity directly, or indirectly through an existing U.S. affiliate of a foreign entity, a Form BE-13, Survey of New Foreign Direct Investment in the United States, is also required to be filed within 45 days of the transaction.