Brazil has been one of the most interesting growth stories of the last decade, with the World Cup and the Olympics will likely mark the country on the map as a promising destination for global investments. However, the power of Latin America is considered one of the most challenging places in the world to do business, therefore rely on local experts will provide a higher success rate for your business abroad. A reason to cheer with the Brazilian economy is that - after several quarters of low growth rates - there is optimism in the air regarding future levels of growth. If the economy engage soon, many global investors see it as a catalyst to bring its operations and consequently boost direct foreign investment. But doing business in Brazil is notoriously complicated, and there are several points that organizations should consider before making the leap. DEVELOPING NATION Brazil is still considered as a developing nation, and although it often be interpreted as a precursor to the "high growth rates", also means that many areas of the economy remain underdeveloped. The consumer base, regulatory environment and investment spheres are not as mature as the developed nations, and should be taken into consideration. BUREAUCRACY The reform of legislation and regulations for opening and operating a business in Brazil has not adapted the same speed as the economy grew, with various barriers to foreign companies. TAXES Taxes in Brazil can be very unpredictable, with many companies struggling against the authorities by huge amounts of tax revenue. A recent article in The Economist said "tributary disputes are as Brazilian as Biquine or samba", citing many of the major cases currently in course. BARRIERS TO IMPORT AND EXPORT The business may be faced with difficulties in exporting and importing goods. Most imported products are some time stuck in ports as bureaucratic procedures a