For those in the know, Brazil was not always one of the friendliest markets for entrepreneurs. In the past, most Brazilian entrepreneurs decided to start their businesses outside Brazil. And with good reason, as even with recent changes made to streamline the process, it takes an entrepreneur at least 18 steps to register a business in Brazil.
Yet despite that, Brazil has undergone a recent shift in dynamics, which means that many people have decided start business on their home turf - with ambitious entrepreneurs looking to connect to potential investors both locally and internationally via services such as the Angel Investment Network, who has had over 200 new business proposals posted in the last three months alone, going against what current market trends around the world may perceive.
But it’s actually a risky business, and entrepreneurs in Brazil need to be more dedicated than those in other countries. Starting a business takes 152 days and requires 18 different procedures, based on the IFC's annual worldwide “Doing Business” study. Tax procedures for new businesses are far from friendly too, causing many business owners to allot vast amounts of time to working on this aspect of their launch.
As one of the BRIC nations, Brazil is hoping that current downturns in the major markets might make Brazil seem a more potentially lucrative opportunity for business angels. A wide range of businesses are looking to start up or secure more venture capital funding, and this sort of mentality runs across a wide range of business sectors, from Entertainment and Technology, to Real Estate, Education and Natural Resources.
Part of the recent trend in entrepreneurialism is that several studies cite Brazil as being a strong location for low income entrepreneurs, enhanced by Brazilian bank Unibanco, who are working on a “microfinance”
Statistics show that new start-up companies are evolving on a daily basis, and the Brazil Angel Investment Network’s database now has over 60,000 members worldwide, and includes thousands of proposals from Brazilian entrepreneurs.
More information is available at http://www.ainbrasil.com
and recent investment opportunities can be seen at http://www.ainbrasil.com/
