Brazil is the eighth largest economy in the world and, despite its recent internal issues, is still a great place to invest.
The country is full of rich natural resources, is a major food supplier for the world, and has a population of 200 million. There are ample opportunities for success in Brazil. Read more: Igor Cornelsen gives you the basics on Brazilian banking
But, as with any country, there are rules you should follow, and Igor Cornelsen has a list of the top three tips for people looking to invest in Brazil.
Follow These Tips For Success
Igor Cornelsen is a Brazilian native and has extensive experience in doing business in the country. His tips are:
- Build a Brazilian network. Brazilians are very social, knowing local people and understanding their culture is key to success. Brazilians are a very entrepreneurial people with 25% owning or forming their own businesses.
- Be ready to deal with bureaucracy and red tape. The Brazilian government has instituted a lot of protections for their fledging economy. These rules can be frustrating, but Igor Cornelsen says people who negotiate them will have big payoffs.
- Know the Brazilian foreign currency laws. Brazil has strict rules regarding foreign currency and foreign currency transactions. Again, these were instituted to help protect their economy. They can be difficult, but they won’t deter profit.
Igor Cornelsen is a retired investor who specialized in buying stocks that have lost value because of a temporary problem within the company. He was also a banker in Brazil, in charge of some of the biggest financial institutions in the world.
Today, Igor Cornelsen is retired and living in Florida where he works at his favorite hobby, golf. He does his significant stock transactions with the Bainbridge Investments, Inc., and also serves as an advisor for the company.
Learn more about Igor Cornelsen: