U.S. companies incorporating or licensing a business in Brazil must keep in mind that despite Brazil’s recent economic slowdown, several industries are heated and growing and many regional governments are offering generous incentives to foster business investment. Sectors continuing to grow rapidly include cosmetics, pharmaceuticals, oil & gas, security, and direct sales. Meanwhile, several regional governments are offering strong incentives such as free land and significant tax breaks in order to foster investment for the long term.
- Other interesting sectors in which you may find profitable registering a business in Brazil are:
- Public Security and safety
- Direct Sales
- Cosmetics and Pharmaceuticals
- Oil (high sea exploration) and natural gas
- Power and Renewable energy
- Shipbuilding (construction and maintenance)
Furthermore, the biggest country and economy in Latin America has much more to offer. Retail is a market with 200 million consumers. The direct sales industry is heated. Shipbuilding has attracted special importance due to oil extraction and military supplies. Adding to the array of opportunities, the abundance of cheap hydropower and the strong economics of wind and biomass in the country mean that solar has long played fourth fiddle among renewable resources.