Brazil Broad Country Overview
Introduction
Brazil is geographically the largest country in South Africa. The Amazon River runs through the Northeastern part of Brazil, which permits the Amazon Rainforest to cover one-third of the country. Brazil adopted their current constitution in 1988, which lead to the elimination of monarchy in Brazil and lead to separate state powers. The constitution also introduced environmental protection and reinforced the powers of the legislature. Brazil’s government is constructed similar to the United States. There are some key facts to know when you are thinking about doing business in Brazil. These include the general business environment, business etiquette and practice, the financial cost or investment …show more content…
Men shake hands with other men, while they maintain eye contact. The women tend to kiss one another on the cheek, first the left and then the right. When a women and men meet the women should extend her hand out first if she wishes to shake hands with him. Brazils casual dress is more formal than other countries, so it is better to over dress than to under dress. It is important to Brazilians to know the people they are doing business with before they can work effectively. Brazilians want to know the people they do business with not the company. They are very relationship oriented and prefer face-to-face meetings over written communication. Brazilians prefer that if you have something to say you should chime in at any time and voice your opinion. Interrupting is accepted and not considered to be rude in Brazil. You should never rush the relationship building time since Brazilians thrive on getting to know the person. Allow them to bring up the subject of …show more content…
The government of Brazil encourages long-term investment through their tax system. These tax incentives are granted through the federal government, but there are also state government grants and incentives available. Reductions on import tariffs or tax deductions for imported goods are not available for local companies. Companies can also take advantage of the “Acquisition of Capital Goods by Exporting Enterprises (RECAP), which suspends taxes on new machines, instruments and equipment imported by companies that commit for a period of three years to export a certain level of goods and services” (2011, p. 6). There are also some incentives for technological
Introduction
Brazil is geographically the largest country in South Africa. The Amazon River runs through the Northeastern part of Brazil, which permits the Amazon Rainforest to cover one-third of the country. Brazil adopted their current constitution in 1988, which lead to the elimination of monarchy in Brazil and lead to separate state powers. The constitution also introduced environmental protection and reinforced the powers of the legislature. Brazil’s government is constructed similar to the United States. There are some key facts to know when you are thinking about doing business in Brazil. These include the general business environment, business etiquette and practice, the financial cost or investment …show more content…
Men shake hands with other men, while they maintain eye contact. The women tend to kiss one another on the cheek, first the left and then the right. When a women and men meet the women should extend her hand out first if she wishes to shake hands with him. Brazils casual dress is more formal than other countries, so it is better to over dress than to under dress. It is important to Brazilians to know the people they are doing business with before they can work effectively. Brazilians want to know the people they do business with not the company. They are very relationship oriented and prefer face-to-face meetings over written communication. Brazilians prefer that if you have something to say you should chime in at any time and voice your opinion. Interrupting is accepted and not considered to be rude in Brazil. You should never rush the relationship building time since Brazilians thrive on getting to know the person. Allow them to bring up the subject of …show more content…
The government of Brazil encourages long-term investment through their tax system. These tax incentives are granted through the federal government, but there are also state government grants and incentives available. Reductions on import tariffs or tax deductions for imported goods are not available for local companies. Companies can also take advantage of the “Acquisition of Capital Goods by Exporting Enterprises (RECAP), which suspends taxes on new machines, instruments and equipment imported by companies that commit for a period of three years to export a certain level of goods and services” (2011, p. 6). There are also some incentives for technological