Move part of Foreign Capital Census Compliance Requirements

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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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).