Igor Cornelsen has a deep insight on foreign investments in Brazil. Since the World Cup and the 2016 Olympic games were held in the country, Brazil was put into the investment spotlight that continues to grow. The rebound offered by foreign investment has been the country’s best bet since growth has stagnated in recent years.
President Dilma Roussef has been rather complacent to how the economy is going and thus has restricted their growth. As a foreigner, this means that right now may be a great opportunity to purchase land and businesses as the economy is in a standstill. If the Brazilian market rebounds in the near future, investments will greatly multiply.
What Igor Cornelsen Believes An Investor Should Do
First of all, you will need to figure out what the needs of the Brazilian people actually are. Networking with professionals is now easier than ever since over a quarter of the working population are entrepreneurs. Brazil is also the type of country where the people are open to talk business with strangers. The environment is much more social than North America.
The unfortunate part of doing business in Brazil is the nonsensical government red tape. High taxes, strict employment rules and pervasive inspections are something that you must get used to. However, once one can get past the pesky government, this is a huge return on investment in comparison to Western countries.
Currency in Brail is rather unstable, so be prepared to learn the rules of exchanging. There are limitations on how much one can exchange the Real for the USD or Euro, so keep that in mind if you are an international company. Exchanges can only be done though authorized banks, but some still do it under the table in cash. The government also sets the exchange rate that must be enforced when making commercial transactions.