Brazil has numerous attractive features for investors. The world’s fourth-largest country is a natural choice for infrastructural development by virtue of its size and economic viability. It is a great market for multinationals and an enormous market of more than 200 million inhabitants with an inherent attraction of natural resources.
With the availability of a well-developed infrastructural system, a huge market, and other useful resources, more folks are interested in investing in Brazil. The attractiveness of the country shows that could be the time to invest in the country, but where does one need to start?
Igor Cornelsen, a capital investment professional and retired banker, reveals that the secret to success in the Brazilian economy is starting by connecting with natives, preparing for plenty of regulations, and knowing foreign currency restrictions. The champion investor knows everything about investing in any commodity or any company because of his treasured experience working in the field. His experience includes guiding several investors to making successful long-term investments and advising people away from investing in damaged companies. Cornelsen held many high-ranking positions in many Brazilian’s leading banks before retiring in 2010, and is the proprietor of Bainbridge Inv Inc. and focuses on investing as a hobby.
By following these tips, you’ll be ready to start investing in Brazil.
• Connect with Natives
When you are set to invest in Brazil, ensure you first connect with natives because the country’s culture values relationships. Since many Brazilians are entrepreneurs and are a social lot that understand the benefit of foreigners investing in their country, it is easy to find connections with business minded and informed locals.
• Be Ready to Encounter Many Regulations
Investing in Brazil is also quite easy if you are prepared for the red tape. There are many regulations to comply with before entering the market, but the good news is that the payoff for those who get around the obstacles is enormous.
• Identify Foreign Currency Restrictions
You should also identify foreign currency restrictions. There are tight controls on foreign-currency transactions. If your business is non-residential, it is obligatory to look for a financial institution that is authorized to deal in foreign exchange. It is also essential to recognize that the exchange rate for foreign exchange is not fixed as it depends on the nature of the transaction. Certain, it takes some effort to enter the market, but it is worth it given the benefits.