The Brazilian economy has just recovered from a turmoil and now is the best time for investors to divert their resources into the nation’s financial market. Nevertheless, before embarking to invest in a foreign sector, there are many things that one must put in perspective. Igor Cornelsen, a top Investment Consultant in the country, sheds light on guidelines of investments that will guarantee maximum personal gain without much risk.
Even Though Mr. Igor Cornelsen had relocated to Florida to play Golf, he reveals that it is an exciting time to invest in the Brazilian sector. Through his investment firm, Igor assists foreign investors to traverse through unsteady economic markets in Brazil. Most of the investors are confident in Cornelsen’s investment strategies as they have been successful in the past. Below, are the three vital things to look out for before investing in Brazil according to Mr. Cornelsen.
Familiarization with Brazil’s Currency Restrictions
There are some foreign currency restrictions in Brazil. For instance, one of the currency laws dictates that all foreign investors and businesses need to exchange their currency in an authorized bank. Moreover, there is no set exchange rate for foreign currency as it mainly depends on the transactions. The central bank in Brazil can set a commercial exchange rate and can decide to change it at any given time. As such, a shrewd investor must use such knowledge to their advantage.
Network with the Locals
There are numerous innovative and business-minded persons in Brazil, and a new investor needs to network and develop relations with them. According to Cornelsen, Brazilian entrepreneurs are friendly and hospitable; hence, it is effortless to network and connect with them, and through such interactions, one can learn from their business experiences and do better.
Prepare for Bureaucratic Obstacles
Many regulatory guidelines must be met before one can start a new business venture in Brazil. Such regulations include labor market restrictions, taxes, and other business registration regulations. For this reason, one needs to research to know the mandatory ones that they need to meet beforehand. Having the right knowledge will help a new investor make informed decisions and therefore have higher chances for success. Read more:https://about.me/igorcornelsen1