Brazil’s economy is the 9th largest in the world, following Italy and ahead of Canada, according to Statistics Times. That makes it a very promising place to do business. One only has to look to the 2014 FIFA world cup or this year’s Summer Olympics to see the magnitude of global interest in Brazil. In fact, some of the largest companies in the world fight for dominance in the Brazilian economy. However, Brazil isn’t quite as laissez faire as one might think – companies like Facebook have run into problems with political opponents in Brazil and still face challenges and threats everyday.
Since the beginning of the year, Brazil has been in the global spotlight for some less-than-desirable stories. The nation’s president is being threatened with impeachment for postponing payments to make the country’s fiscal state appear more stable, reported Forbes. Additionally, the Zika virus has been causing a number of scares across the country, making tourists wary of visiting. Violence and crime rates are also high across the country – 19 Brazilian cities appear on world Atlas’s top 50 most dangerous cities in the world.
All of that might leave you wondering if you should reconsider relocating to Brazil. There’s much to be gained by being part of such a large economy with relatively low cost-of-living expenses, after all. And many of these problems can be circumnavigated by using a professional mobility solutions company. Read on for a closer look at the issues.