It’s officially known as the Federal Republic of Brazil, with a total area of 85,157,60 , and its capital, Brasilia, one of the largest Portuguese-speaking countries all over the world, and the largest country in Latin America in both population and area.
Brazil has borders with 10 countries: Argentina, Bolivia, Colombia, Guyana, French Guiana, Paraguay, Peru, Suriname, Uruguay and Venezuela. More than 5 million foreign tourists come to it each year to visit many of Brazil's famous tourist attractions.
Brazil has the sixth largest economy in the world and the first economy in Latin America, and it economically depends on its natural and mineral resources since the discovery of Brazil. At the beginning of the Brazilian economy, they extracted red-colored wood called Pau-Brazil, which is exported to Europe to be used in painting. In the sixteenth and seventeenth centuries, Brazil exported the largest share of its production of gold, copper, silver, precious stones and diamonds to Europe and the rest was being sold in the Brazilian market.
By the beginning of the eighteenth century, Brazil was the world's most famous producer and exporter of coffee, and in the middle of the same century, the (Seringueira tree) was discovered and the rubber was extracted from it in the Amazon forests and began to be used in European factories and North America, and hence, the Brazilian natural rubber ring began. Currently, Brazil is one of the largest exporters of rubber in the world.
Information about Brazil for those who think about investing in it:
Brazil has unique geographical and natural advantages to attract foreign investors. It also has large human resources of about 210 million citizens, abundant raw materials and diversified economy. Brazil has a unique geographical location that allows easy access to other South American countries.
On the other hand, the Brazilian government has put some reforms to increase the investment opportunities in the country, including:
The agricultural sector is one of the most important investment sectors in Brazil. Brazil's agricultural sector accounts for about 40% of exports.
The most important marketing products are:
Tourism is also one of the most important elements of investment in Brazil. Brazil has huge foreign investments in this field, with investments amounting to about $ 74 billion. The Brazilian government is seeking to double this figure by actively encouraging investors by giving investors many privileges and tax cuts.
Other sectors attracting Brazilian investors include the industrial sector, which attracts 85% of investments, and the chemicals sector attracts 11% of investments.
One of the most important Arab investors in Brazil is Joseph Safra, a Lebanese businessman and billionaire who emigrated with his father Yacoub Safra, a famous businessman to Brazil in the 1950s. He holds Lebanese and Brazilian citizenship and is the second richest man in Brazil. He is the owner of “Banco Safra” in the Brazilian city of Sao Paulo that considered the ninth largest bank in Brazil.
All of the above factors make Brazil a fertile ground for investment in many different areas, but it is worth mentioning that, despite the openness to global trade, there are some administrative barriers to global trade. Brazil's labor law requires foreign companies to spend large costs and this resulted in a significant spread of informal business activities in local markets. The state also prohibits foreign investments in many sectors such as insurance, aviation and media.