Brazil: Companies with Foreign Capital to Submit Declaration with Central Bank by November 1, 2011
Brazilian companies, which have direct participation of non-residents in their capital stock as on December 31, 2010, are now required to provide a declaration to the Central Bank of Brazil by November 1, 2011. The declaration should contain certain financial and other related details of the company.
- (1888PressRelease) October 21, 2011 - Sunnyvale,CA - Brazilian companies that debtors of credit granted non-residents with an outstanding balance of US $ 1,000,000 or higher, as on December 31, 2011, are also subject to the above requirement.
Read More at http://www.nair-co.com/brazilforeigncapital.aspx
Please call/email for more details on the issue and the required information for the declaration.
About Nair & Co.
Nair & Co. provides an integrated solution in the HR, finance, tax, compliance and legal arenas making a company's overseas operations less risky, stress free and more strategic. It currently has 740+ client operations in over 50 countries with offices in U.K., India, China, U.S., Japan and Singapore. Nair & Co. was named among the top 100 outsourcing services providers in the world by the International Association of Outsourcing Professionals (IAOP).
Learn more at www.nair-co.com or email to media ( @ ) nair-co dot com
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