The long economic mayhem experienced in Brazil is finally fading away. The positive news has already yielded positive result in the economic sector reflecting positive gains in financial performance of all Brazil-based organizations. China’s resolution to resume full production is another move that will add a glow to Brazil’s economy. Finance investors and speculators such as Igor Cornelsen have already started reaping positive returns.
Investors are known to be high-risk takers, knowing that there exists a risk of loss which is as equal as the chance of gaining. One of the high-risk moves by investors is investing in a foreign country other than your motherland. However, while taking the risk, one has to be acquainted with some facts of the country of interests. Igor Cornelsen summarizes some of the major three considerations that will help you as a first time foreign investor in Brazil to maximize your profits and minimize your chances of business’ downside to almost nil.
Familiarize yourself with Brazil’s currency and currency regulations
Making yourself familiar with Brazil’s currency, the Brazilian real should be your first move. Find an authorized foreign exchange dealer with friendly exchange rates fit for all your business transactions. By doing so, you will quickly assess your business performance and profitability. Acquaint yourself with set out regulation of currency handling and watermark features of original currency to avoid fraudulent dealing with criminals with fake currencies.
Relate well with Brazil locals
A vast population of Brazil residents consists of entrepreneurs and business executives who are investors, well conversed with the country. Statistics show that 25% of Brazilians aged between 18 to 64 years are entrepreneurs. Establish a network and close relationship with one of the investors whom will help you in learning the environment and basics of running a successful enterprise in Brazil.
Learn more on government regulations on business practices
Stringent business regulations and measure are put in place by the Brazilian government to minimize the running of illegal businesses. The regulations mostly referred to as the red tape, are however not friendly because some hinder positive moves in the market by clean investors. Intensify your research on the red tape and how to deal with the inevitable regulations while setting up your enterprise.
Igor Cornelsen, a successful self-made entrepreneur and investment strategist, is also well known for his firm that guides foreign investors in the Brazilian market on how to run successful companies and stay competitive in the market.