The largest country in South America; Brazil or the Federative Republic of Brazil, is a regional economic power. Starting a business in Brazil is a viable option for ambitious entrepreneurs looking to expand internationally. It is the eighth largest economy in the world by nominal GDP and by purchasing power parity. A leader among emerging markets, the economy of Brazil mainly relies on Mining, Agriculture, Manufacturing and the Service Industry. Listed below are a few reasons why setting up a business in Brazil could prove advantageous for your business:
It takes approximately 3 – 6 weeks for company incorporation in Brazil, which is subject to the time taken to complete formalities.