Brazil is an attractive market at the moment for investors willing to invest in its budding financial sector. Big time investors like Igor Cornelsen who had speculated that such a day would come stand to reap huge benefits. The country’s economy has recovered and is posting encouraging gains, a sign that the economic turmoil that has rocked Brazil in recent years is coming to an end. The party is getting sweeter as China has also returned to its full production mode. However, investors who have never ventured in foreign properties before, should learn a few useful tips. Here are three priceless tips offered by Igor Cornelsen on investing in Brazil.
Familiarize Yourself with the Existing Currency Restrictions
Brazil observes stringent currency controls. Non-residents and foreign companies ought to look for an authorized bank for purposes of exchange. Different exchange rates are charged depending on the kind of transaction. A smart individual will be able to exploit this avenue but it will be essential to do a lot of research into the existing currency laws.
Connecting with Brazil’s Natives
Brazil is abuzz with business oriented people and entrepreneurs. Networking and relationships are the key ingredients that keep businesses in the country going. Igor Cornelsen opines that it is easy to connect and network in Brazil as around 25% of the natives aged 18 – 64 are self-starters in commerce. In addition, Brazilian people are genuinely welcoming and love engaging, making it easy to seek fresh ideas and do spontaneous focus groups.
Preparing For the Red Tape
The government of Brazil has put a huge reliance on regulations making it difficult to make it in business due to the red tape blocking individuals. Despite the Brazilian market growing bigger, it remains delicate hence the reason why there are a lot of regulations put in place. Prospective investors ought to research well into these regulations prior to investing in order to understand what to avoid or how to handle various issues.
Brazil is recovering from the precipice of an economic debacle like it does according to Igor Cornelsen. Cornelsen understands the Brazilian market and helps foreign investors navigate through the murky economic waters using a working investment strategy. He advises foreign investors to connect with the natives in Brazil in order to understand the country’s economy before investing. There are so many challenges facing the business environment in Brazil and adequate knowledge is essential to enable foreign investors make informed decisions. Following all the above tips by Igor Cornelsen will boost the chances of making money in Brazil. Check more: http://ireport.cnn.com/docs/DOC-1122009