Representative Office in Brazil: A solution to your business expansion
After a long period of political instability, it can be said that foreign investors want more than promises to put "new money" back into the Brazilian market. For this reason, with the presidential election results on October 28 and the consequent promise of renewal that this result represents, all eyes are on the initial measures of President-elect Jair Bolsonaro and his team, especially regarding the economy.
Brazil is the largest country in South America, and third in the combined Americas, behind Canada and the United States, ranking a fifth position in the world both in terms of landmass and of the population. Therefore, since November 2017 with the New Migration Law implementation, Brazil has been one of the most searched countries by Foreign nationals willing to invest in Real Estate. One of the reasons for that is the freedom of an egalitarian system allowing any foreign with CPF (Brazil's version of a Social Security Number) to acquire property.Â
If you decided to expand your business to Brazil you already know that expanding globally is not a simple task, and besides the fact Brazil overhauled the UK to be the world’s sixth largest economy and, in the next decade, is envisioned to rise to fifth, It's still one of the most bureaucratic countries in the world.