Igor Cornelsen Discusses Tips for Foreign Investment in Brazil

Brazil remains a country in which foreign investment capital continually flows. Investors considering directing funds to ventures in Brazil do need to be careful. Financial expert Igor Cornelsen recently published an article discussing tips about investing in Brazil. Those who review Cornelsen’s tips may gain a clearer perspective about investing in this emerging market.

Cornelsen sheds light on Brazil’s “new economic matrix,” a program that dramatically cut stock prices, has not proven to be very successful. Yet, no indications exist that President Dilma Roussef intends to change course. Remaining on the same troubled path could keep Brazil from reaching its full economic potential. Brazil’s economy ranks in the top ten globally. So, the country does remain a viable one for investors. Again, investors must be aware of certain complexities associated with putting money in Brazil.

Igor Cornelsen suggests adhering to the following three tips:

1.) Talk with the locals.

Do not try to put money into Brazilian ventures without discussing matters with locals in Brazil. People who live in Brazil and own businesses or engage in other entrepreneurial ventures can provide a wealth of knowledge.

2.) Understand the laws relating to foreign-currency.

Only authorized financial institutions may process currency from foreign countries. Working with the right bank becomes a must when you must transfer foreign funds into the local currency. Another issue arises here. Making a transfer when the exchange rate is weak could prove costly. So, be sure a delicate approach is taken when transferring funds.

3.) Be ready to deal with regulatory hurdles.

Sad to say, investing in business ventures in Brazil means dealing with a lot of red tape. There’s no way around any of the bureaucratic obstacles. Both educating and bracing yourself for the red tape could make handling things more manageable.

CBS8.com was the first to cover Cornelsen’s tips and insights on foreign investment in Brazil. Cornelsen’s work on investing in Brazil is well worth reviewing.

 

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