BIZLATIN HUB, Brazil – Global Accounting Alliance Member
Economic Overview & Business Opportunities
Brazil is the world’s fifth largest country. With an estimated population of 194 million in 2012, it is also the world’s fifth most populous country after China, India, the United States and Indonesia.
Brazil has been one of the most exciting growth stories of the past decade, and the football World Cup and Olympics are likely to mark the country on the map as a prominent global investment destination. However, the Latin American powerhouse is regarded as being among the most challenging places in the world to do business, which is why having local expertise in the country will ultimately improve the success rates of your overseas venture.
Foreign businesses have several options to expand into the booming Brazilian market (where GDP growth is expected to achieve up to 7% this year). Besides directly exporting products and services to Brazil, foreign businesses may also appoint local agents or distributors, who have better knowledge of the market, but are protected by specific legislation and case law affording minimum indemnification levels should the agreements entered into with them be suddenly terminated.
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The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
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