Make money in brazil

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Make money in Brazil - Business in Brazil matters.

Brazil business practices:

When negotiating with Brazilian business people, be aware that they usually think in terms of US dollars.
It is important to keep in mind that personal contacts do play an important role in Brazil and can make the difference in doing business deals.
Although many Brazilians speak English, some may feel more comfortable in business meetings if an interpreter is present.
Austrade São Paulo recommends that you are accompanied to business meetings by a local contact and that all initial written correspondence with potential business partners be in Portuguese or in English. Avoid using Spanish as a substitute for Portuguese.
Due to the sheer size of the city, business people coming to São Paulo should have some idea of where they are going in order to determine how much travel time will be needed. If possible, try to avoid the rush hours (8.00am-10.00am and 5.30pm-7.30pm). During the rainy season, (January to March) the traffic is virtually paralysed.


Barazil business etiquette:

Normal business attire is the same as per US.
In business conversations, use titles if any (eg. Professor, Doctor), and 'Senhor' (Mr) or 'Senhora' (Mrs).
During meetings, use the title 'Mr' or 'Mrs' and then their first name, not their last name (ie. Sr Carlos, Sra Julia).
They are not very straightforward businesspeople and have a policy of never blatantly saying 'no'.


Investing in Brazil
When thinking of investing in Brazil, the following points should be considered:

Both the Federal and State Governments generally support free trade and have an open attitude toward foreign investments.
Local and foreign investors are treated relatively equal, and in general terms, 100 per cent foreign ownership is possible.
Registration of foreign investments with the Brazilian Central Bank is a condition for repatriation of capital and remittance of dividends.
A permit from the Central Bank is required to operate a financial institution.


Investment incentives in Brazil

Many states and local governments offer incentives to attract investment.
Foreign investors are generally eligible for any available incentives.
The Federal Government offers fiscal benefits in certain less-developed areas.
Discussions with state development agencies are recommended, which Austrade São Paulo can help you organise, if required.
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