3 Investing Tips From Brazilian Stock Market Businessman Igor Cornelsen

While Brazil has been rocked by scandal after scandal over the last few years, it is still a great place for investors to invest in. First and foremost, Brazil is one of the largest markets in the world. With over 200 million residents, it is a prime location for infrastructure development.

And when it comes to innovation, those who invest in Brazil are very spoiled. This is because many Brazilian products are still only available in the Brazilian market. With so much going on in the Brazilian economy, now seems like the perfect time to invest. The question is where do you start?

Top Brazilian investment banker and expert Igor Cornelsen has the answer to that question. Before investing in Brazil, Cornelsen has three very important tips he shared on the PR Newswire website that he wants you to consider.

Tip #1 – Focus on Building Relationships and Networking

Taking the time to connect with the natives is one of the best things you can do as an investor. That’s because in the world of business and finance, building relationships and networking can go a very long ways. According to Cornelsen, networking in Brazil is extremely easy.

Tip #2 – Be Prepared To Deal With A Bunch of Red Tape

When you are entering the Brazilian market, there will be plenty of regulations you will have to work around. Some of the obstacles you may face as an investor are high taxes, pervasive and often unfair bureaucracy, a very restrictive and rigid labor market and regulatory complexity just to name a few.

While the Brazilian market is no doubt growing, it is still in a very fragile state. This is why there is so much red tape you have to cut through. However, if you are willing to do the work to get around these barriers, the payoff will be well worth it.

Tip #3 – Understand The Restrictions Associated With Foreign Currency

When it comes to foreign-currency transactions, there are a lot of restrictions in place to try and control everything. If you or your business is non residential, you must find an authorized financial institution to hold the local currency for you. Keep in mind there is no single rate for exchanging foreign currency. The rate you pay will depend on the nature of the transaction.

While the official commercial rate is used most often, the Central Bank of Brazil has the right to step in and change that at any time.

Igor Cornelsen advises that there is no such thing as free money. If you aren’t using the right rate all the time, you won’t be profitable.

One thought on “3 Investing Tips From Brazilian Stock Market Businessman Igor Cornelsen

  1. Especially when you consider one in four Brazilians between the ages of 18 and 64 are entrepreneurs. Making connections with these entrepreneurs can be very helpful when it comes time to invest. It is particularly good for courseworks online uk to make everything working so well which is also an important.

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