Igor Cornelsen has some interesting ideas on how to invest in Brazil. Ever since the twin successes of the World Cup and the 2016 Olympic Summer Games the South American country’s economy has been on the rise. But investing in the eighth largest economy is not easy. Political turmoil and numerous scandals have created significant setbacks. However, Brazil still has some alluring qualities that tempt investors far and wide. Enter Igor Cornelsen and his three point strategy to successful make an investment in South America’s largest country.
Connect with Natives – Like every culture Brazil has a different way of doing things. Brazilian business and finance are fueled by their relationships to the overall network. People of Brazil are an overly friendly and chatty people, and one in four of them are entrepreneurs themselves. It is important to have a strong social relationship in order for any investment made to bear fruit.
Prepare for Regulations – The Brazilian market will bring with spools of red tape. Restrictive labor, high taxes, and a rigid market are a few of the obstacles investors face. Investors need to prepare for oncoming headaches. It will take a lot of work to get around the restrictions, but the ever growing economy will make the rewards worth the struggle.
Be Aware of Currency Restrictions – Transactions of Foreign currency also come with a list of restrictions. Before investing one must become accustomed to these restrictions and find a bank authorized to handle those restrictions. Brazil has no set exchange rate. The cost of doing business fluctuates with the type of transaction. Knowing the different currency rates is paramount to the type of business you do. Not only will it save money in the long run, it will also prevent fines.
If Brazil’s economy is enticing enough for one to invest, that person needs to protect their investment. Following these guidelines will ensure a more profitable turn around that benefits all involved. Investors will gain percentages, and the Brazilian people will reap benefits. It may be a complicated process, but it is also a very rewarding one.