Yellow Papers / 6 reasons to do business in Brazil

As we have already told you on occasion, since 2015 we have had an office in Brazil which, to date, has a team of 8 people working in three lines of business.

When we talk about Legal & Tax we are talking about the main area of ieTeam Brazil, since, as soon as you get to know this country a little, you will discover that, without a lawyer, doing business becomes a complicated task. In this regard, our team specialises in civil, corporate, tax and expatriation law.

On the other hand, we also have a strong business unit that offers solutions in the field of headhunting and recruitment of professionals, which is currently developing projects for both Brazilian and foreign companies.

Finally, from our Internationalisation area we also help foreign companies to open, develop or even establish themselves in this great country.

Our experience over all these years has validated that, despite being known for carnival, samba, football and even caipirinhas, we are talking about a great country with numerous business opportunities. Here are six reasons why it is a great country to do business in.

6 reasons to bet on Brazil:

1. Sectors in continuous growth

Brazil is a good investment destination due to the opportunities in areas such as transport, energy, sanitation and communication. Sectors in continuous growth with a population as large as Brazil's, which needs infrastructure solutions to continue to grow.

2. Receptive to foreign investment

This is a country that has become one of the main recipients of foreign direct investment. We are talking about a government that fully supports this practice, they are very "pro-business" people, that is to say, they put all their trust in foreign companies. In addition, all those who want to establish themselves in Brazil will have the possibility of doing so without having to physically visit the country, as the process can be completed through a power of attorney.

3. Highly competitive sectors

Despite the effects of the global pandemic, the Brazilian market has continued to grow in sectors such as renewable energy production, oil production, agricultural commodity exports, as well as being the eighth largest market for vehicles and the world's second largest producer of biodiesel.

4. Large gross domestic product

It is the 12th country with the highest growth potential according to the IMF, ahead of countries such as Australia, Mexico and Spain itself. In other words, it is the twelfth country with the highest estimated gross domestic product in the period from 2020 to 2026.

5. Strategic trade agreements

Brazil is part of MERCOSUR, so establishing a commercial presence in the country gives companies easy access to other countries in the region and allows them to take advantage of strategic trade agreements.

6. Competitive geographical position

With an extensive land and maritime logistics support network, Brazil is a key trading hub for South America. It has 175 port facilities in the country, 32 of which are public sea and river ports, facilitating the transport of goods both nationally and internationally.

In short, we are talking about a market with great opportunities for business investment thanks to a combination of key factors such as the size of the market, the country's shortcomings and the great potential for growth. The current economic situation, characterised by a tenuous recovery of activity, makes the current moment an appropriate time to invest in Brazil with a medium to long term vision.