Despite the current economic problems facing Brazil’s economy, the country has qualities that still make it an attractive destination for investors. First, Brazil is a large market on prnewswire.com for more than 200 million people, a top food supplier in the world, increasing middle-level income and a market for multinationals. It is the biggest country in size and economy in South America and is currently having an increase in demand for infrastructure development.
The Brazilian economy on findthebest.com has negatively affected the price of stocks which now appear to be in the bottom of the cycle despite the country having abundant natural resources. However, investors seem to be having confidence in the economy with many of them still considering to start a new business in the country. This desire for investors appears to be a new turning point for the economy. It is especially an exciting time for Brazil according to Igor Cornelsen.
Igor Cornelsen is a well-respected and top Brazilian banker and investment expert who is well known for three important tips to consider when choosing a country to invest. Cornelsen is well conversant with Brazil’s economy and its potential to be a key player in the world economics. According to Igor Cornelsen, there are three tips to choose the best country for investment.
Connect with the natives
Like any other country you may want to invest, the culture is important especially understanding how to establish relationships and networking. Igor Cornelsen believes that finding connections in Brazil is easy. First, Brazil has a large workforce of young entrepreneurs. Brazilian people are social, and they welcome and accept people from all over the world.
Prepare for the red tape
Igor Cornelsen advises potential investors to be aware of the bureaucracy in the country. For instance, the state enforces restrictive labor market rigidity, pervasive red tape, high taxes, regulatory and complexity. On the positive side, it is a growing market which is still fragile hence the reason for regulation to make a firm foundation. According to Igor Cornelsen, those who make informed decisions and put the right effort in the work to be done are the one who rip the best payoff.
Know foreign-currency restrictions
Brazil enforces tight control of the foreign-currency transactions especially those that need authorization from financial institutions. The country has no single exchange rate for foreign currency; the rate is determined by the nature of the transaction. It is important to ensure you are using the right at all times.
In such an uncertain climate, the Brazilian bankers in the private sectors are only lending to borrowers known to be worthy of credit. The motive is to streamline costs while helping the banks have a sense of security moving forward. Nevertheless, the Brazilian government has a role take to make sure investors feel secure as well as implementing market-oriented reforms and fiscal austerity.