openPR Logo
Press release

Brazil: Companies with Foreign Capital to Submit Declaration with Central Bank by November 1, 2011

10-20-2011 12:54 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Nair & Co

Brazil: Companies with Foreign Capital to Submit Declaration

(Sunnyvale,CA) - 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.

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.com

Nandita Verma
Nair & Co.
nandita.verma@nair-co.com
408-515-9048
Nair & Co., 1250 Oakmead Parkway, Suite 210
Sunnyvale, CA 94085 United States

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Brazil: Companies with Foreign Capital to Submit Declaration with Central Bank by November 1, 2011 here

News-ID: 197128 • Views: 1034

More Releases from Nair & Co

Nair & Co. Appoints Former Ambassador Sir Alan Collins as its Non-Executive Chai …
(Sunnyvale, CA) – Nair & Co., the leader in international business expansionservices, has appointed Sir Alan Collins KCVO CMG as its non-executive Chairman, the company announced today. Sir Alan, a former senior British diplomat and long standing champion of international business has also just been appointed as the Director General/Chief Executive of the Commonwealth Business Council (CBC). Previously, he has served as Britain’s Ambassador to the Philippines and as High Commissioner
Industry Cheers Vodafone Win against a $2.2 billion tax bill
(Sunnyvale, CA)- India's Supreme Court on Friday ruled in favor of Vodafone Group’s appeal against a $2.2 billion tax bill on its purchase of a 67% stake in India's Hutchison Essar Ltd. The verdict gives much-needed clarity to foreign businesses that have been edgy about India’s tax regime, but the Indian government could speed up introduction of legislation to negate the impact of this decision on future deals. The Supreme Court ruled
Netherlands : Employees of Foreign Companies to Pay Lesser Income Taxes
(Sunnyvale, CA)- Expatriate employees in Netherlands, working on a temporary basis can avail of “the 30% ruling regime,” resulting in a 30% tax free employment income in hand. This provision was introduced by the Dutch Government to compensate them for specific expatriate costs. The State Secretary for Finance recently announced that changes would be made to the aforesaid 30% ruling regime. The changes are expected to be effective from 2012. The current
India Company Law: New scheme pardons submission delays
(Sunnyvale, CA) – The Indian Ministry of Corporate Affairs has introduced a scheme which allows defaulting companies a chance to rectify non-compliances related to timely submission of documents (specifically balance sheets and annual returns) with the Registrar of Companies (ROC). The scheme titled Company Law Settlement Scheme 2011, condones delay in filing of documents with the ROC and grants immunity from prosecution. The scheme entails charging an additional fee of 25%

All 5 Releases


More Releases for Brazil

Wine in Brazil
Latest Report on Wine in Brazil Similar to other alcoholic drinks, wine saw a total volume decline in 2016, with sales falling by 3%. Although this decline was slower than that seen in the previous year, of 4%, it is clear that the negative economic situation continued to affect consumers’ demand for wine. Since it is perceived by many as a non-essential product, other products and types of alcoholic drinks seemed
Alcoholic Drinks in Brazil
Latest Report on Alcoholic Drinks in Brazil Total volume sales of alcoholic drinks continued to decline in Brazil in both the on-trade and off-trade channels in 2016. Consumers had less available income; therefore were forced to make more rational decisions on what to purchase, taking into consideration their budget and the necessity of each product. For this reason, consumption frequency reduced considerably in almost all categories, and also a downgrade to
Brazil Juice Industry
Brazil Juice Industry Juice in Brazil was directly affected by the unstable economic situation and consumers’ shrinking disposable incomes. After registering a series of double-digit growth rates in off-trade volume terms earlier in the review period, the category registered a flat performance in 2015 and grew by just 2% in 2016. The two most important categories within juice in off-trade volume terms, nectars and juice drinks (up to 24% juice), faced
Brazil: Country Intelligence Report
Brazil: Country Intelligence Report Summary "Brazil: Country Intelligence Report", by GlobalData provides an executive-level overview of the telecommunications market in Brazil today, with detailed forecasts of key indicators up to 2021. Published annually, the report provides the detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband, and mobile, as well as a review of key regulatory trends. SAMPLE REPORT: https://www.reportsandmarkets.com/sample-request/brazil-country-intelligence-report-1613311 GlobalData
Packaged Water in Brazil
ReportsWorldwide has announced the addition of a new report title Packaged Water in Brazil to its growing collection of premium market research reports. Packaged Water in Brazil industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Synopsis: Essential resource
Airlines in Brazil 2017
ReportsWorldwide has announced the addition of a new report title Airlines in Brazil 2017 to its growing collection of premium market research reports. Airlines in Brazil industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Synopsis: Essential resource for top-line data