On Dec. 31, 2014, Igor Cornelsen wrote an article for PRnewswire.com/, and he had decided enough was enough with political corruption. He, like many Brazilians, were fed up with President Dilma Roussef and the farce that was the “new economic matrix”. Brazil had moved away from a right-leaning center system of government, and it had been conned by President Dilma Roussef. She originally won her first election using left-leaning populism, and she subsequently won reelection by making promises to shift away from her populism. Now, the country is having even more problems. Be sure to check out the original article here, and this article will recap and summarize the three tips recommended by Igor Cornelsen to investing in Brazil, where a lot of money can be made, especially if the large nation and economy is poised for financial growth.
Get Familiar With Currency Restrictions
Brazil has strict currency controls. For example, if you are not a resident or local business, you have to find an authorized bank to exchange. There are also multiple exchange rates depending on the type of transaction. A truly smart person could use this to their advantage, but research into the currency laws is essential.
Connect With the Natives
Brazil is full of entrepreneurs and people who are business oriented. Relationships and networking are what keep businesses going in Brazil. According to Igor Cornelsen, it should be fairly simple to network and connect in the country. The article claims 25 percent of Brazilians between 18 and 64 are self-starters in business. Additionally, Brazilians like to talk and are genuinely welcoming, so it is easy to do impromptu focus groups and to solicit new ideas.
Prepare for the Red Tape
The Brazilian government has been heavy on regulations, so it can be difficult to make into business with red tape blocking people. Even though the market is getting bigger, it is still delicate, which is why there are so many regulations. It is a good idea to research them ahead of time to be prepared to handle the unavoidable ones and avoid the ones possible.