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For years Brazil has been in utter economic turmoil. But recently started to show positive gains in the countries finances. Igor Cornelsen shows how to invest in foreign soil, namely Brazil as it is in a financial rise.
When trying to do business in Brazil you will need their form of money. To convert your currency to theirs many banks charge for an exchange rate. Make certain to shop around and find different rates as this can add up. He recommends, if possible, to use the commercial exchange rate since it is more lenient. However, the Central Bank of Brazil has the power to change this exchange rate whenever it so pleases.
Do not be afraid to network with the locals. The locals know how business in Brazil works and the particular needs of their own country. Many have solely been business owners and personally have their own network of individuals they operate alongside. Meeting just one person can connect you with a myriad of others. Igor Cornelsen says the people of Brazil are extremely personable so small talk and establishing connections is much simpler.
Watch out for road blocks from the Brazilian government. He says that since the economy is on an up, the government is cautious with funding different businesses. They require business owners to go through a lot of hoops to get anything done. Do as much research as possible on likely road blocks that one could experience while trying to build a business. The government is known for high taxes, regulations that make no sense, and a market where it can be hard to hire hands to work.
The main take away from most of Igor Cornelsens advice would be preparation. Knowing as much policy and procedure from Brazilians and from your own personal research. Igor Cornelsen has his only consulting firm for investors who want to invest in Brazil and this has helped many become successful business owners. With their economy slowly on the rise, theirs no telling what possible success can come from gaining more knowledge, associates, and further benefiting the people of Brazil.