Lots of people fantasise about wasting some time in Brazil, while the world passes them by. But this is meant to be on purpose, on a beach somewhere, not while fighting an endless battle with invisible bureaucrats in offices in São Paulo and Brasília. Unfortunately, new arrivals in Brazil often find themselves doing a lot of the latter.
In Brazil, taxes, regulations, and labour laws are so complicated that foreign businesses setting up there usually need to turn to local lawyers and accountants to help them through the process. And a few of these advisers told the FT recently that despite the emerging market experience of new companies in Brazil, they often find themselves locked in a struggle to get up and running that lasts up to a year longer than they’d originally hoped. Continue reading »
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