The Brazilian economy is booming, and many investors are interested in putting their money in the country. With about 200 million people, Brazil is an attractive market for multinationals. But what do you need to know before going to invest in the country? Igor Cornelsen, a prominent Brazilian banker, offers three ways in which to succeed as a foreign investor in the country.
- Be Ready to Deal with Bureaucracy
Foreigners face a lot of challenges while operating in Brazil. The nation has strict regulations that discourage many investors from investing in the country. For those willing to invest in the country, it is vital to familiarize themselves with the different regulations and how they compare with those from other countries. You need to know how to go through the various rules and also how to bypass the unimportant ones. Besides, one needs to understand how the country interacts with other nations. Investors need to learn about any trade embargo with other countries and how that can affect their investors.
- Connect with the Locals
When it comes to the management of multinationals, connecting with the natives is very important. Brazil is no different. There is need to connect with the nation’s culture and businesses. Brazilians are talkative and like giving advice. Those seeking to succeed in the market need to connect with the various firms in the country to create strong networks. Given that a quarter of those between 18 and 64 years old are entrepreneurs, there is much a foreign investor can learn from building a network.
- Learn About Foreign-Currency Restrictions
Brazil has tight controls on its foreign-currency transactions. There is need to understand the country’s currency and how it compares with others. The knowledge about the Brazil’s currency is essential in helping investors know the value of some investments. Furthermore, foreign-currency transactions are only done by authorized financial institutions. The country uses the official commercial rate in the trade of foreign currency. However, the county’s Central Bank sometimes intervenes in determining the exchange rate. Although the country’s foreign-currency market is somehow complicated, it is profitable too.
Who is Igor Cornelsen?
Igor Cornelsen is former Brazilian investment banker. In his lifetime, he has got a chance to work for various big banks in the country. Due to his experience in the banking sector, many companies in Brazil and the United States still seek for his advice on capital investment among others. Currently, he is working at Bainbridge Group Inc. where he participates in the development investment strategies.
Cornelsen is prominent capital investment consultant where he serves clients such as investment banks and individuals. He likes dealing with long-term projects and develops strategies that help his clients make profits. One of the most critical strategies he uses is spreading investments.
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