Haven’t you ever dreamed about spending time on the Copacabana Beach and drinking some Caïpirinhas? Brazil has become one of the most famous places in the world , especially thanks to its well developed community of investors and entrepreneurs.
And the best part is… it may be your next workplace!
Its large consumer market, the development of new technologies, supply chains modernization and its ability to respond to crisis make it attractive for international entrepreneurs as well as for Brazilians. There are more than 27 millions entrepreneurs, it other words, 28% of the population !
But before establishing your business there, here is what you should know:
1. What is Brazil’s business background?
Statistics show that it takes 120 days, on average, to set up a business there, and around 4 years to close it down, mainly because of the high levels of bureaucracy. In comparison, it only takes 6 days to open a company in the US.
In terms of level of investment, opening a company in China costs about $155, $670 in Colombia and… $1125 in Brazil!
Fortunately, this does not stop the growth in the number of entrepreneurs who want to implement their company over there (between 2001 and 2009, the number of entrepreneurs increased from 20.2 million to almost 23 million).
2. Where is the largest startup nest?
São Paulo, famous for being a cosmopolitan city, is the largest business city of the country, it hosts the biggest number of startups. Also, São Paulo has a significant commercial, financial and artistic influence across the country.
This city hosts the largest number of highly educated workers, who possess state-of-the-art technological skill. As for the infrastructures, this city is the most equiped one.
There are many investment opportunities for foreign investors. Indeed, Brazil is the leading country for investment opportunities in Latin America (here is a link to PWC’s report on Doing Business and Investing in Brazil).
3. Entrepreneurs from Brazil in the Beeleev Community
Beeleev is proud to regroup quiet a lot of Brazilian entrepreneurs, with different promising projects, in various regions. This is why, this is an opportunity for you, Beeleevers, to enlarge your international network in a growing country, which has a lot to offer. And for Brazilians, it is the time for you to meet your peers in other region of your country, and collaborate on a new project.
If you are convinced by the potential of these people, do not hesitate to connect with them on Beeleev. Make a connection request, an be as precise as you can, it will help you and your peers identify if you can work together.
