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.