According to a report released by the World Bank on Wednesday, it takes a staggering 152 days to start a business in São Paulo. That is, to get the proper authorization from local, state, and federal authorities, you need upwards of five months and a whole lot of patience.
Reasons why doing business in Brazil can be difficult.
The primary reason is the heavy burden of business regulations and the accompanying bureaucratic hurdles which are spread out among various governmental agencies.
Understand some of the basics about the country.
A good place to start is with the legal system. This provides the structural frame work for doing business. The legal system in Brazil is based upon the Napoleonic Code, or The Code Napoléon, originally called the Code civil des Français, or civil code of the French, which was brought to Brazil by the Portuguese. The Civil Code, perhaps needless to say, is quite different from the Common Law upon which the legal systems of the U.S. and the U.K. are based.
