If you’re considering international expansion to Brazil for your business, you’re in good company. With the world’s sixth-largest economy and a GDP expanding in the face of global economic troubles, the Latin American powerhouse is in the crosshairs of some major international companies.
While Brazil is popular with investors, it is not a country that makes life easy for foreign companies. A longstanding culture of protectionism, slowly being addressed by recent legislation, still provides advantages to local businesses. Additionally, complex tax laws and compliance requirements can baffle even the most seasoned finance professionals.
The potential benefits, however, usually outweigh the risks – provided that you have the information you need to navigate this tricky business environment. Read on at the Universal Consensus blog to learn four key things to keep in mind.