Welcome to the Doing Business in Brazil guide, supplied by PwC and sponsored worldwide by HSBC. The PwC Doing Business guides are designed to provide general practical information for anyone interested in doing business in Brazil, along with specific information on taxation; auditing and accounting; and human resources and employment law. In addition this guide has information on trade and banking. It’s part of a series of guides to 21 countries produced by PwC for HSBC.
Brazil is Latin America’s largest economy and it has performed with miraculous strength in the last decade. Vigorously pro-business governments have brought prosperity to millions, bringing long-term economic stability. Government and Congress have reformed taxation, governance and the regulatory regime. Their work is not finished but the nation has tied its fate to the international business milieu. Brazil has strengths in manufacturing, agriculture and agri-food, and increasingly in services. There are special economic-development programs in place to ensure that growth takes place throughout the nation, including backward and remote areas. Skilled labour is in short supply but semi-skilled and unskilled workers are abundant and known for their willingness to learn and to work hard.
In this guide you’ll learn about the Brazilian trade and regulatory environment, the relatively tactile local business etiquette, various avenues and strategies for setting up a business there, impediments to investment, the burdensome Brazilian tax code and incentives you can take advantage of. Although the country is booming it suffers from an infrastructure deficit. There have been efforts to prepare for the World Cup and the Olympics but much work needs to be done building roads, railways and electrical supply throughout the vast nation.