Sunnyvale, CA -- (SBWire) -- 10/24/2011 --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.
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.
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Brazil: Companies With Foreign Capital to Submit Declaration With Central Bank by November 1, 2011
Move part of Foreign Capital Census Compliance Requirements