Igor Cornelsen is a Brazilian investor, foreign exchange expert, and a retired banker. He has made a name for himself in his home country as one of Brazil’s top bankers. Currently, he lives in South Florida enjoying his favorite hobby- golf.
From time to time, Igor Cornelsen works as a consultant in his fields of expertise and dabbles in the various investments markets. He has learned a lot about it over his vast years of experience and has taught many of the art of investment markets, and more specifically, how to invest in Brazil.
Igor Cornelsen’s first tip is to get to know the natives. Knowing your target audience is essential for every business, including investments. Brazilians are extremely friendly and social and would be glad to share their thoughts.
Tip number two is to be prepared to face the obstacles. The Brazilian market is growing but it is still on the fragile side, and so there are many regulations such as Restrictive labor market rigidity, high taxes, regulatory complexity, bureaucracy and much more. Those regulations can be difficult to work through, but Igor Cornelsen states that those who are willing to put in the effort and patiently get around the barriers will see great payoffs in the future. He says that only smart investors will see the huge payoff that lies in the future.
For his third tip, Igor Cornelsen reminds that there are a number of restrictions for a non-residential business doing foreign-currency transactions. He also points out that those transactions can be handled only by authorized financial institutions. New investors absolutely must look into that before they decide to go through with their plans. Doing the research beforehand might be the saving grace because uninformed decisions can be detrimental to new investors not only in Brazil but other countries as well. https://bs.linkedin.com/in/igor-cornelsen-86830840
Brazil has long been considered a dynamic economy for global investment opportunities. With its natural resources, manufacturing ability, active stock market and offshore investment opportunities, Brazil provides attractive valuations and markets for those who are interested in initiating business in Brazil.
Respected as an expert in Brazilian banking and investing, Igor Cornelsen is thrilled with the burgeoning interest in investing in his native country. He says, “I have always known the potential for Brazil to become a key player in world economics and I am excited to see the growing interest in this vibrant country.”
Igor Cornelsen is currently developing capital investment strategies and planning with the Bainbridge Group, Inc. As an expert in commodity and foreign exchange investment, he offers three suggestions to prepare for investing in the Brazilian market:
- Build relationships with Brazilian entrepreneurs
Connecting with Brazilians should not be difficult because, according to Igor Cornelsen, “one in four Brazilians between the ages of 18 and 64 are entrepreneurs who are happy to give advice based on their own experiences.”
- Be prepared for Brazilian Government Regulations
Igor Cornelsen is well aware of the “red tape” for foreign investors. He says, “The truth is, the Brazilian market is growing – but it is still fragile, hence why there is so much regulation trying to protect it. Those who make informed decisions and put the work in are the ones who will see the big payoffs in the end.”
- Understand the restrictions of foreign currency transactions
Only authorized financial institutions are permitted to handle foreign currency transactions and the rates, controlled by the Brazil’s Central Bank can change according to the transaction. “You must find a bank authorized to deal in foreign exchange if you or your business are non-residential. It’s complicated, but that’s what makes it profitable,” says Igor Cornelsen.