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Country Overview
Brazil is a country of continental proportions with more than 8.5 million square kilometers, which makes it the fifth largest in territorial extension of the planet. This dimension provides a huge diversity of landscapes, climate, topography, flora and fauna distributed in five regions. It also has a hydrographic network formed by large rivers and large volumes of water. Brazil brings together the largest river basins on the planet. Besides, its coastline runs for more than 7,000 kilometers along the Atlantic Ocean.
The country is home to the Amazon Rainforest, the largest rainforest in the world, famous for its biodiversity and to a big variety of urban forests distributed across the Brazilian territory. In order to protect the natural environment and it’s diversity, the Environmental Law in Brazil is not only very strict, but also very protective of the natural resources that are scattered across de country.
In addition to the natural wealth, Brazilian culture stands out for being diverse and unique. The population is mostly derived from indigenous societies, Africans and Europeans. Moreover, there has always been a constant flow of immigration, as the country received Italians, Japanese, Germans, Arabs, among other nationalities, who contributed to the cultural plurality of Brazil, today with more than 200 million habitants.
The sixth most populous country and the ninth economy in the world, Brazil has investment opportunities
with low-interest rates, stabilized inflation and a good perspective of tax cuts. It occupies the 10th position in the global ranking of oil production according to the Statistical Yearbook 2018 of the National Agency of Petroleum, Natural Gas and Biofuels (ANP). The opportunities can also be seen, for example, in the agribusiness and infrastructure areas.
The purpose of this publication is
to provide potential investors with preliminary information on how to do business in Brazil, but specialized legal advice is always recommended before any investment decisions
are made. Kincaid Mendes Vianna Advogados, a law firm that began its trajectory in Brazil almost 90 years ago and has assisted hundreds of companies to establish themselves and prosper in Brazil, is ready to support your company’s needs.
1. Brazilian Economy
Recently, the World Bank announced that Brazil raised 33 places in the foreign trade ranking report. The country moved from the 139th to
the 106th position, registering three consecutive years of evolution in the area.
The improvement reflects the government´s efforts to implement trade facilities measures, envisaging the recovery of the Brazilian economy.
In line with those efforts, in 2017 the Brazilian nominal gross domestic product (“GDP”) was US$2.055
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