Over the past couple of years, the Brazilian financial sector has been changing its climate and is currently in the perfect position for the investors to get back into the growing financial industry of the country. When the sector started slowing down, and revenue dropped, some people left the industry while other stayed and waited for it to stabilize and start growing again. One of those faithful businessmen is Mr. Igor Cornelsen who is currently enjoying the maximum benefits of doing business in the country’s financial sector.
Mr. Igor Conrelsen has been doing business in Brazil for a few decades and has picked up a vast number of useful tips to help him along the way. As a Brazilian, he knows how his fellow Brazilians and businessman think and prefer to do business. That has allowed him to make better deals and excel in his line fo work. Mr. Igor Conrelsen enjoys sharing his knowledge with others and help educate and prepare starting investor who want to do business in the Brazilian market.
Most commonly. Mr. Igor Conrelsen gives the three tips that he believes are the most important ones if you want to be successful. Putting your money into your own country is different than putting it into a different one. The national mindset is different, the business is different, and the laws and regulations vary significantly as well. It is essential to understand that and be prepared ahead of time, or else you might miss out on a great deal, have a rough start, or even fail altogether.
The first advice that Mr. Igor Conrelsen likes to provide is to become familiar with the currency restrictions in Brazil as the country has a tight control over currency. Foreign investors need to find an authorized bank to make currency exchanges. In this case, it is essential that you become familiar with the exchange rates as they widely depend on the type of transaction you are going to be making. Being informed of the country’s current law is crucial.
The second tip is to get to know the natives. In business, lasting connections and forming a rapport with the locals is a must. It can either make o break the game in many cases. Learn about what people are like and try to provide them with solutions they need. Become a part of the community.
Possibly the most important thing a new investor should do is ample research on Brazilian regulation. The country’s government has strict laws and regulations, and new investors need to learn about them before investing a dollar into the Brazilian market. False information or lack thereof can make or break your future in the market.