Brazil is the largest country by size in Latin America, and one of the largest in the world. It also has a substantial population of 200 million. It’s a country at http://igorcornelsen.brandyourself.com/ with rich natural resources and plenty of creative people. No wonder it continues to be a destination for investors- all despite its current economic and political crises.
Not long ago, one of the top Brazilian investment bankers, Igor Cornelsen had given advice for investors looking to invest in his native country. The advice is based on Mr. Cornelsen’s decades of experience and was posted on CNBC’s website.
First of all, investors should focus on building business relationships on http://www.jawsyouthfund.org/2016/03/igor-cornelsen-views-on-succeeding-in-stock-and-investment-banking-market/ and networks with Brazilian partners. Brazil is a country where these connection matter. It is also a way to meet other entrepreneurs to do business with.
Secondly, investors need to prepare themselves for the red tape. Lots of it. Some Brazilian laws are restrictive at http://www.thestreet.com/story/12997973/1/investing-in-brazil-igor-cornelsens-top-3-tips.html, the labor market is rigid, regulations can be complex, and the bureaucrats unfair.
A final piece of advice of Igor Cornelsen relates to country’s foreign exchange restrictions. As a foreigner, you’ll need to hold the local currency with an authorized financial institution. And, there’s no single exchange rate (which puzzles many). The rate is actually based on a type of a transaction.
By keeping these points in mind, doing business in Brazil should be simpler. Igor Cornelsen is currently retired from investment banking, although he still works as a proprietor of Bainbridge Group where he focuses on identifying opportunities to invest in the stock market, foreign exchange, and commodities. In the past, Igor cornelsen was also responsible for managing some of the most prestigious Brazilian banks.