It is always at least a little tricky to invest in a foreign country. There are simply more factors to consider when putting money into a country that is not your own. That is not to say that it should not be done though. In fact, proper diversification calls for an investor to have at least some money in countries that are not their native land.
Research The Local Population
Igor Cornelsen strongly encourages any Brazilian investor to-be to try to connect with the native people as best as possible. This is because the locals are the ones who really know what is going on in the country. Not only that, but they are the ones who have to be accepting of your investments into their land in the first place. Knowing a little about them can go a long way towards establishing trusted business ties in an area.
Look Out For Red Tape
Bureaucracy is something that most business owners wish they did not have to deal with at any time. It is particularly potent in Brazil though. Red tape flourishes everywhere in the country, and someone who is prepared for this is in a much better position than someone caught off guard by it. Igor Cornelsen suggests looking into the regulations that could impact your own business directly in the country.
Foreign Currency And The Banks
Dealing in a foreign country poses its own set of challenges in terms of currency concerns. Foreign currencies change prices all the time. They are sometimes quite volatile in those price changes as well. Add to that the fact that in Brazil one must work with a bank that can process their foreign currency transactions legally. Not all of the banks are permitted to work with these kinds of transactions, so any business owner worth his weight in salt should look into working with one that can process foreign currencies before investing.