Igor Cornelsen is one of the top finance and investment experts from Brazil. If you’re interested in investing in his country, he can share some important tips with you that will help you make the right choices. Throughout his career, Cornelsen has seen Brazil turn into a country with a vibrant economy that is ready for massive growth. In today’s world, Brazil is on its way to become a major player in global markets, which makes it a target for those who want to make their money grow. Igor Cornelsen has written many articles and guides on investing and today he is willing to share some advice for those who want to invest in the Brazilian economy:
Network With Locals on the Ground
While there is a lot to be learned by doing research on the Internet, nothing beats actually interacting with the people who live in the country that you want to invest in. As 25 percent of Brazilian adults are entrepreneurs, it won’t be too difficult to find people who would be willing to connect with you on business matters, as you can see here. As a general rule, Brazilians are quite welcoming to foreigners willing to invest in local businesses and would be pleased to have you as part of their circle. According to Cornelsen, their up-to-date knowledge can be more valuable than reading a Brazil business guide written by someone who hasn’t set foot in the country for over a decade.
Know the Rules and Prepare Yourself to Face Bureaucracy
Depending on what you’re investing in, you may find that the Brazilian market is more tightly regulated than others. Taxes in general can be quite high and there are some rules that have to be followed when hiring local labor. Even though Brazil’s economy is one that has grown a lot, the government still imposes various regulations for its protection. Cornelsen suggests that investors learn about all relevant regulations, such as foreign-currency transaction restrictions, before making any investments in the country. He goes on to state that even though there are some barriers to entry for foreign investors, they can be overcome by those who are dedicated and resourceful enough. If you dig around local business news, you are sure to find success stories about foreign investors that have not only made big payoffs, but also significantly helped the local economy grow.