Brazil is the fifth biggest net buyer and ranks at number nine on the list of world economies by size. It is the largest country by size. Recently, Brazil has been in the headlines for sports including hosting the FIFA World Cup in 2014. They later hosted the Summer Olympics in Rio de Janeiro in 2016.
Big things are synonymous with Brazil having a massive infrastructure and a developing market-based economy. Banking and investment opportunities are also big. Giving finance and investment advice in his native country gives Igor Cornelsen great pleasure.
An experienced and retired banker, Igor Cornelsen has gained knowledge and skills that are essential for new investors in the Brazilian economy. There are also a few things to know about the financial sector in Brazil.
First, in such a big country, mainstream banks are less than ten with Citi being at the top. These have strong positions and very competitive products on Facebook.
Secondly, the financial industry in Brazil is ready for long overdue economic policy reforms.
The current administration is poised to deliver that like the recently appointed Finance Minister Joaquin Levy, is considered economy friendly and with a better understanding of the dynamics of the world’s ninth largest economy on Tumblr.
Thirdly, China is a household name in Brazil as well as its largest trading partner. It’s important to understand the interactions properly at https://twitter.com/igorcornelsen. Lastly, it is highly believed that the currency is over-valued. In addition, there is foreign currency handling restrictions that are considered a tad bit tight so be ready.
As an investment banker, Igor Cornelsen is passionate about sharing his experiences in the local market. Igor Cornelsen is also a writer with a blog about investing in Brazil here. Some of his popular tips are shared here. First, make networking your number one priority if you hope to maximize your investment in Brazil. Fortunately, as an entrepreneur, you are in great company because up to a quarter of the population is made up of budding entrepreneurs. Secondly, find a way to work with the system and make it work for you. There is no end to the amount of red tape you can run into if you are not careful so be diligent and do your part.