Igor Cornelsen enjoys a good game of golf and plenty of sunshine. He has also developed personal and professional strategies to minimize risk in foreign market investing, especially as it relates to the country of Brazil. In the recent past, Cornelsen and other like-minded investors, have begun to enjoy the beginning of an economic boon occurring in Brazil as it comes back from an economic depression. The country of China has been noted to have a role in this financial revival occurring in Brazil.
Igor Cornelsen advises three simple principles that take time and effort on the part of investors to implement, even before they deposit any funds into Brazilian property.
– Know the currency restrictions and exchange rates. In Brazil, the Central Bank controls the commercial exchange rate alone; so too, exchange rates are controlled by transaction. Since regulations are in place on business, it is important that the investor be aware of what laws are in place for non-residents as well as specific exchange rates by the Central Bank.
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– Get to know Brazilian business people. Generally, Brazilian citizens are regarded as warm welcoming people. Networking can readily be accomplished when one is genuine with their intentions to glean ideas, opinions, or try an informal focus group. Again, personal time and effort are involved.
– Prepare to deal with bureaucracy. In part, as a result of Brazil undergoing a cycle of economic boon and depression, its government has plenty of regulations in place. These apply to residents wanting to start a new business as well as non-residents wanting to invest in property. Cornelsen advises one to figure out the regulations that must be followed to the letter, and those that may be temporarily avoided. This will help lessen the sense of the insurmountable obstacle.
Cornelsen has been noted to observe, “There is no free money in Brazil.” Thus, study and strategy are well advised to minimize risk.