Blogs

Ideas and Information for Doing Business with Brazil

26
Jul

Did you know that not only is Brazil the fifth largest country in the world, it also contains the sixth largest economy and seventh largest purchasing power parity (PPP)? If you're looking to do business in or with Brazil, here are some of the basics you need to know.

According to the The World Factbook, the most common export commodities in Brazil are:

  • soybeans
  • coffee
  • footwear
  • autos
  • iron ore
  • transport equipment.

The most common Brazilian commodities imports are:

  • chemical products
  • oil
  • machinery
  • auto parts
  • electronics
  • electrical equipment
  • transport equipment.

Other great ideas for business in Brazil include the same technologies that are on the rise worldwide such as Internet Service Providers, Cellular Phone Services, Computers and Video Game Equipment.

Tech Advances and a Growing Economy Fuel Brazil Business Growth

26
Jul

Many do not often associate the country of Brazil as being a home to tech communities. However, thanks to an ongoing drive to bridge Silicon Valley and Brazil, technology is paving the way for businesses to establish and thrive in the country.

A recent article in the Huffington Post describes how a South American tech community called Geeks on a Plane or GOAP, held a conference to discuss start-ups in the Brazilian Market. Niklas Zennstrom, one of the founders of Skype, points out that Brazil has become the second largest market for Facebook. The entrepreneurial spirit along with great engineering talent points to Brazil's potential for increased growth.

Zennstrom also feels it is important for the Brazilian tech community to focus on innovation and have a higher purpose than just making money since that will eventually come.

Doing Business with Brazil is a Promising Deal

26
Jul

Brazil is on the rise. According to UK Trade and Investment, the growth rate in Brazil is increasing at an astounding rate:



“…Brazil is simply too big a market to ignore… It has one of the world’s most rapidly developing economies and a GDP per head greater than either India or China.”



This makes Brazil an unexpectedly fertile place to invest in markets.

Question: Why invest in Brazil? Answer: Innovative people like the Paiter-Surui

27
Jun

The year was 1966 and the Brazilian government was building the 2,000 mile long Trans-Amazon Highway when workers clearing the rainforest came across a previously unknown tribe of people... the Paiter-Surui.

Since their discovery in the Sete de Setembro territory, an area near the Bolivian border, the Paiter-Surui have experienced a difficult history. Within three years of their first contact with outsiders, their population of 5,000 was reduced by disease to a mere 300 people. Today's indigenous Surui numbers have only rebounded to about 1,350 individuals; however, their resiliency is indicative of why many businesses are investing in Brazil today.

Five corporate 'compliance issues’ for doing business with Brazil.

21
Jun

Investors and global companies alike are making big bets on the Brazilian market as the ‘go-to-place’ for high-end growth.

Since 2010, $48.5 billion (USD) has found its way into Brazil in the form of “foreign direct investment (FDI);’ this was the “third highest in the world,” according to an article on the Corporate Compliance Insights website, “The Top 5 Corporate Compliance Issues Facing Brazil.”

Countries doing business with Brazil include the U.S., Europe, the Middle East and Asia. But for every footprint in this market comes a swirl of rules, regulations and bureaucracy challenging those entering as well as entities already doing business there.

To get an overview of what to expect, here are five ‘compliance issues’ you should not take lighty---see the article for more detail information:

Local customs: Doing business in Brazil

15
Jun

If you're planning on doing any business in Brazil, you're going to want to familiarize yourself with local customs to be certain that you not offending someone and more importantly, lose a deal or sale.

Here are a few tips to make your business in Brazil a success:

Most (almost 100%) Brazilians speak Portugese. Language is a bonding commonality for Brazilians. Do not confuse Spanish for Portugese, as this is considered a great insult. Have as many documents as possible translated into Portugese.

In Brazil, the family bond is also strong. Employing people that are related is considered a smart business tactic and demonstrates that knowing and trusting an employee is a top priority.

Overheating Economy in Brazil -IMF Comment

3
Aug

The International Monetary Fund (IMF) comments on Brazil; In its annual review of Latin America's biggest ecomomy,: Signs the economy is overheating; despite a broadly favorable outlook, adding to

Company signs multi-year agreements to enter markets in Brazil

2
Aug

Coach, Inc. (NYSE: COH) Company signs multi-year agreements to enter markets in Brazil

 

BC to Build Boats in Perini Industrial Park in Joinville, Santa Catarina, Brunswick Manufacturing Plant

1
Aug

The Brunswick Corporation (NYSE: BC), formerly known as the Brunswick-Balke-Collender Company, is a United States-based corporation

Brazilian Real is Significantly Overvalued!! USD/BRL

1
Aug

According to the THE Economist’s Big Mac index -based on the theory of purchasing-power parity (PPP)-, the Real is significantly Overvalued

Opening a Restaurant in Brazil

11
Mar

 Opening a Restaurant in Brazil can provide you with a nice lifestyle and profitable returns, but there are some things you should know first if you want your restaurant in Brazil to be succes

Work Ethic

21
Feb

 Brazil is a land of extremes.

Buying from Brazilians

21
Feb

 As mentioned in the entries on Selling to Brazilians and Ne

Selling to Brazilians

21
Feb

 As briefly outlined in the section on negotiating above Bra

Business Relationships

21
Feb

 Business is usually done on a much more personal level than

Time & Punctuality

21
Feb

 In Brazil people tend to be less time orientated.

Negotiating

21
Feb

 Brazilians have a much stronger culture of negotiation so t

The Brazilian Economy

21
Feb

 As all the major news providers around the world have point

BRL Intrest Rate Hike - Brazil Central Bank (COPOM) Raises the SELIC Target by 50 Bps to 11.25%

19
Jan

.. This is the fourth rate hike in the current tightening cycle that began in April 2010. The cumulative total of hikes is currently 250bps

Was a unanimous decision.

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