For the past few years, Brazil has seen the benefit of a huge business growth. It is the ninth-largest economy in the world, and reigns supreme as a popular destination for business development. There is still plenty of untapped potential, so waiting too long will be a major missed opportunity.  

1. Market Size

Market size is the main reason to open a business in Brazil. Every extra consumer has potential for a long-term relationship. As services and products begin to crossover, the number of customers you can market to shrinks. Brand loyalists become the best consumers, and that means you will have to work extra hard to pry them away from a competitor. Brazil offers a market size unlike anything else in the world, and that includes plenty of undiscovered consumers. With the right advertisements, you could hit the ground running without tying too much money into SEO strategies.

2. A Hunger for Foreign Investment

There has been a growing interest in foreign investment ever since businesses realized how much money was being left on the table. This hunger for a bigger market share hasn’t changed, and the tactics have become more advanced. Companies have found success whether they were new to Brazil, or trying to incorporate their current company into the market.

3. Infrastructure

Every successful business started out with great surrounding infrastructure. Brazil is known for its vast transportation and infrastructural facilities. Before setting up a business, compare the areas in Brazil with competitors in other locations. The extensive network of maritime and land logistics support puts Brazil in a class of its own. Currently, it is the optimal place for business worldwide. But the most impressive part of their infrastructure is that Brazil has yet to reach its peak!

4. Plentiful Translators

One of the biggest challenges to worldwide business is the language and cultural barrier. A company has to take this into account when dealing with the government, citizens and scheduling. Brazil is a country that mainly speaks Portuguese. The level of English proficiency is low, so a little preparation goes a long way. Translators for Latin America countries are easy to find, and that includes individuals that specialize in business relations. If you plan on doing well in Brazil, then utilizing their large pool of translators will be your best resource.

5. International Trade Access

A commercial presence in Brazil will also give you access to other countries in the region. That means full access to strategic trade agreements like MERCOSUR. Since 1991, this has been a big part of why companies have been so interested in moving resources to Brazil. Opportunities are created every year, and you could easily be the next big success story. As long as these trade agreements are in place, then the economic ceiling of Brazil will remain on the upswing.

A Good Opportunity

It’s not often that a company can be late to the party and still be successful. Brazil is a golden ticket for any individual or growing business that wants to make it big. The sooner you set up shop, the faster the money will come pouring in. 

TIME BUSINESS NEWS