• Portugal Sets New Data Reporting Obligations For Entities with Foreign Investment
  Based on Internal Instruction nr. 27/2012, the Bank of Portugal (BdP) has set new statistical data reporting obligations, for resident individuals and companies, who make their entry into economic and financial activities in foreign countries.
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• Profit Repatriation from China to US: Is Your Cash Stuck?
  An increasing number of companies with profit-generating trading entities in China are finding it difficult to repatriate their accumulated reserves to the US via dividends.“The release of foreign exchange by China authorities is an issue, companies are frustrated with as they are not able to get cash out,” said Dr. Shan Nair, CEO and Co-founder of Nair & Co., a global services firm that helps companies expand internationally.
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• Reduce Tax Liabilities with Advance Tax Planning
  Payment of taxes is an annual compulsory phenomenon for every employed, self employed and business class individual and tax planning an integral element of personal finance.
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• Restructuring French Subsidiaries may Lead to Financial Liability for Larger Group
  In a string of recent decisions, the French Supreme Court has asserted that a parent company can be regarded as the co-employer of its subsidiary’s employees and shares any liabilities that may arise from a restructuring process. Here are some highlights of the issue for companies doing business in France.
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• Russia Business Guide
  Russia Business Guide - Nair & Co. helps organization set up and operate in Russia with legal entity set up support that includes managing the complete legal entity documentation and registration process. We advise companies on Russia employment laws, help manage payroll, corporate taxes, VAT/Indirect Tax and day-to-day accounting issues.
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• Russia Clarifies Conditions for Input VAT Deduction on Imports Made by Branches of Foreign Companies
  The Russian Ministry of Finance has issued Letter No. 03-07-08/285 clarifying the conditions of Input VAT deduction on import of equipments to Russia by the branches of foreign companies registered in Russia.
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• SAS70 requires global companies to ensure adequate financial controls
  Nair & Co.’s day-to-day support teams in U.K., India and China are audited annually by an international accounting firm’s U.S. office and a SAS70 Type II report is issued by the auditors.
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• Saudi Arabia Makes Arabic Language Mandatory for Businesses
  Saudi Arabia has made Arabic as the mandatory business language in all commercial and business dealings. Companies doing business in Saudi Arabia are required to abide by the new ruling requiring business and commercial documents like utility bills, advertising, contracts, and insurance certifications to be written in Arabic.
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• Secure Business Foothold in International Markets
  The Florida Venture Forum and Nair & Co are hosting a panel discussion in Miami with international experts to discuss the most effective positioning of your company for future international expansion.
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• Singapore Business Guide
  Singapore Business Guide - Nair & Co. helps organization set up and operate in Singapore with legal entity set up support that includes managing the complete legal entity documentation and registration process. We advise companies on Singapore employment laws, help manage payroll, corporate taxes, VAT/Indirect Tax and day-to-day accounting issues.
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• Singapore Tightens Entry Rules; Dependents of Expat Workers Affected
  Singapore has tightened the sponsorship criteria for dependants of foreign workers. The new legislation, effective from September 1, 2012, aims to restrict the rapid influx of dependants into Singapore and affects P1, P2, S pass and Employment Pass holders.
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• South Africa Business Guide
  South Africa Business Guide - Nair & Co. helps organization set up and operate in South Africa with legal entity set up support that includes managing the complete legal entity documentation and registration process. We advise companies on South Africa employment laws, help manage payroll, corporate taxes, VAT/Indirect Tax and day-to-day accounting issues.
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• South Korea Business Guide
  South Korea Business Guide - Nair & Co. helps organization set up and operate in South Korea with legal entity set up support that includes managing the complete legal entity documentation and registration process. We advise companies on South Korea employment laws, help manage payroll, corporate taxes, VAT/Indirect Tax and day-to-day accounting issues.
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• South Korea to Hike Tax Rate for Foreigner Workers
  The Korean government has declared a plan to hike the flat rate of tax for foreigners by two percent which may affect expatriate workers and companies in South Korea.
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• Spain Introduces New VAT Cash Accounting Scheme and Changes to certain VAT Deadlines
  Spain has introduced a new Special VAT Cash Accounting Scheme. The new scheme is designed to support entrepreneurs. The changes introduced by the recent amendment will be effective 1 January 2014, reports Nair & Co.’s International Tax team.
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• Surmounting the Challenges while going Global
  Nair & Co.'s Co-founder, Dr. Shan Nair tracks global markets from Europe to BRIC at a Dow Jones Private Equity event in New York City.
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• Sweden Business Guide
  Sweden Business Guide - Nair & Co. helps organization set up and operate in Sweden with legal entity set up support that includes managing the complete legal entity documentation and registration process. We advise companies on Sweden employment laws, help manage payroll, corporate taxes, VAT/Indirect Tax and day-to-day accounting issues.
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• Sweden Reduces Corporate Tax Rate; Announces Tax Deductions for Investors
  The Swedish government has planned to slash the corporate income rate to 22% from the existing 26.3%. The legislation taking effect from January 1, 2013, will be beneficial for companies doing business in Sweden.
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• Thailand Business Guide
  Thailand Business Guide - Nair & Co. helps organization set up and operate in Thailand with legal entity set up support that includes managing the complete legal entity documentation and registration process. We advise companies on Thailand employment laws, help manage payroll, corporate taxes, VAT/Indirect Tax and day-to-day accounting issues.
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• Turkey Business Guide
  Turkey Business Guide - Nair & Co. helps organization set up and operate in Turkey with legal entity set up support that includes managing the complete legal entity documentation and registration process. We advise companies on Turkey employment laws, help manage payroll, corporate taxes, VAT/Indirect Tax and day-to-day accounting issues.
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