According to the World Bank, in the bank’s latest Doing Business report, Brazil has fallen six places and is now ranked 126th out of 183 countries. It’s considered the 58th most difficult place to do business in the world.
Its tough but the growth potential is equally impressive.
Unfortunately the Brazilian government is not helping much. For example, in Brazil it takes 119 days to start a business, compared with 14 days in Colombia, which was among the 12 countries that most improved its business climate last year, according to the study. Foreign companies have long complained that Brazil’s excessive red tape, what’s known as the “Brazil Cost,” discourages business.
The country’s investment rate, which stands at 17.8 percent of gross domestic product, is the lowest among major Latin American economies. It’s also less than a 40 percent investment rate in China, which was ranked 91st in the study.
However, if you invest for the long term the opportunities are there too (but its not easy!). You need the right team on the ground and or the right partners.
Good luck!!!
