For Investors looking for a great opportunity to make money, Brazil is the ideal place. The country is rich in natural resources, there are a number of growing companies, the economy consistently posts positive gains, the financial sector is booming and China has brought in new technologies that make it possible to develop the country’s mineral wealth and other natural resources. However, to make money in Brazil you will need guidance from someone that understands the country and can help you identify the best areas in which to invest. Igor Cornelsen is that person,
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One of Brazil’s most successful and respected investment advisors, Igor Cornelsen has been helping people make money in Brazil for almost 50 years. During that time he has identified three tips and strategies anyone looking to invest in Brazil needs to know to avoid the pitfalls and make a significant profit.
- Learn About The Currency Restrictions
There are strict currency controls in Brazil. Foreigners must find a bank that is authorized to handle currency exchanges. Plus, the exchange rates vary depending on the transaction type with which the investor is involved. Savvy investors can take advantage of this, but it’s essential to research and understand the currency laws first.
- Connect With the Natives
There are many entrepreneurs and business oriented people in Brazil. Networking and building relationships play an important role in getting deals done there. Brazilians are warm and welcoming and love to talk. With about a quarter of Brazilians between the ages of 18 and 64 involved in independent business, gathering information about consumer and business trends and tendencies and getting new ideas by creating impromptu focus groups is easy.
- Get Ready For Red Tape
Brazil has many government regulations related to business. Getting through the red tape can be challenging for people unfamiliar with the laws and how to navigate them. The key is to research the regulations beforehand and have an experienced financial advisor help you avoid the unnecessary ones and handle the unavoidable ones.
An experienced financial advisor like Igor Cornelsen can help investors have success in Brazil.