Brazil has been in the news a lot lately because of historic events taking place, including the impeachment of President Rousseff and the 2016 Summer Olympic Games. This Latin American nation that had jumped all the way to being the 6th largest world economy by 2011, now faces difficult times. The GDP seems to have stagnated. Source: http://www.lulu.com/spotlight/igorcornelsen
Nevertheless, there is cause for healthy optimism. The largest land mass in South America retains promise. An abundance of natural resources, large potential domestic consumer base and impressive food production industry, portend well for the near future. Yet, caution is always best.
Anyone interested in investing in this market needs to take the advice of Igor Cornelsen. This top Brazilian banker and investment expert has spent years researching the economy and has a unique perspective. Recently, on cnbc.com, Igor Cornelson published his top three tips for investing in the land of samba.
1. Make Personal and Business Contacts With Natives
It is very important for any investor who wants the latest economic news to have Brazilian friends. Waiting until the media announces a spike or drop in the economy is too late. Make Brazilian connections before investing money.
2. Accept the Large Amount of Red Tape
The government has always consisted of a large bureaucracy. Regulations will only get more complex as the nation tries to combat corruption. Be prepared to fill out mountains of paperwork for even the smallest investment project according to Igor Cornelsen.
3. Be Prepared for Foreign Currency Restrictions
Only certain financial institutions can handle foreign currency transactions. It is essential that any foreign investor develop a relationship with such an institution before proceeding.
Get Started Investing in Brazil
Armed with this insider knowledge, provided by banker Igor Cornelsen, almost anyone can make real money in Brazil.
Despite negative news, this could be the moment to get in at ground zero for a possible economic expansion in the South American giant.
Read original article here: https://disqus.com/by/igorcornelsen/