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Challenges doing business in Brazil
Brazil has enormous potential for UK companies, but it will take time, money and effort. Challenges include:
- Complex tax system with high taxes
- Complex regulatory system
- Local content laws in certain sectors
- Long journeys between cities and states, where cultures can vary significantly
- A lot of importance is put on personal contact so you may need to visit several times before securing a deal
- Ranked 76 in the Transparency International’s corruption perception index (CPI)
- Ranked poorly in World Bank’s ease of doing business index
- Organised crime is a significant problem in some parts of Brazil
Read the Overseas business risk report for Brazil.