Brazils upcoming market is characterized by large and well-developed agricultural, mining, manufacturing, and service sectors that outweigh that of all other South American countries.
Marketing Guru Waseem Saddique says; “Brazil's strong growth and high interest rates make it an attractive destination for foreign investors.”
Traditionally a very agriculturally based economy, Brazil is known for its production of sugar, coffee and soy beans.
With a population of 178 million, Brazil represents the fifth largest market opportunity in the world — after China, India, Indonesia and the USA. It is also the fifth largest country in the world by geographic size.
Brazil's main financial city is São Paulo, known for its economic importance and its growing number of foreign companies which attracts a significant number of businessmen from all over the world every year.
Brazil is receiving large scale international investment and one of the main reasons behind this is the low property construction costs, maintenance costs and inexpensive land.
With the continued rise of the BRIC nations (Brazil, Russia, India and China), Brazil is expected to continue its speedy upward path.
Brazil has strengthened its place as one of the world’s economic leaders with the discovery of vast quantities of that has continued to strengthen its export trade.
The cost of living in Brazil is approximately 30% lower than in the UK and Europe, and for those with a foreign income there is a guarantee of value for money.
Although Brazil offers very real business opportunities to prospective international investors, those people attempting to do business in the country should be aware of the substantial cultural challenges which await them.
“Due to the various cultural and administrative complexities of the country, local advice and expertise is imperative in the early stages of business development.” Waseem advises.
Although Brazil is a great opportunity to set up or expand your business it is advisable that you do your homework before the move to avoid any unexpected situations.