NEW RICH CLASS: BRAZILIAN YACHT MARKET ON THE RISE

This Aug. 10 photo shows Marcio Christiansen, CEO of Ferretti Group Brazil, at the company's show room in Sao Paulo.

If the rising wealthy class in any indication, business is doing good in Brasil.
By BRADLEY BROOKS

SAO PAULO — Marcio Christiansen reeled off tales of the growing ranks of rich Brazilians who visit his luxury Ferretti yacht showroom, where clients sip espressos on an oversized sable sofa and electronic music bubbles in the air.

One man paid $2 million for a ship, Christiansen said, after succumbing within 30 minutes to his kids' pleas of "Buy it, daddy, buy it!" Another toured the sparkling 53-foot yacht on the showroom floor, then asked to discuss it over lunch.

"The waiter comes over to take our order and the client asks to borrow a piece of paper from his pad," said Christiansen, CEO of Ferretti's Brazil group. "He starts working out a contract on it and we've agreed to it before I've asked for a sandwich."

BRAZIL BOOM DRAWS AMERICANS EAGER TO PROFIT

Foreigners Follow Money to Booming Brazil, Land of $35 Martini

Daniel Kfouri for The New York Times

Ipanema Beach in Rio de Janeiro. Prices for prime office space in Rio became the highest for any city in the Americas this year.

By SIMON ROMERO

Published: August 12, 2011

RIO DE JANEIRO — Pondering the financial storms lashing Europe and the United States, Seth Zalkin, a casually dressed American banker, sipped a demitasse and seemed content with his decision to move here in March with his wife and son.

BRAZIL'S STILL SPENDING! NO SLOWDOWN IN SIGHT

No Major Slowdown As Brazil Consumers Still Happily Spending

 As consumer confidence dwindles in the U.S. , farther south in Brazil the local consumers are still happily spending and not even double digit interest rates are enough to truly scare them away. That’s because Brazilians on balance are fast moving into the middle class. More than half of the population is now solidly middle class compared to well less than that five years ago.  When looked at month over month, consumer spending rose a meager 0.2% in June as the government’s macroprudential measures to slow inflation by raising interest rates all year showed their strength.

NOW YOU CAN OPEN A BRAZILIAN LLC WITHOUT A LOCAL PARTNER

At last: Individual limited liability companies in Brazil

The Law is fresh and new.  The LEI Nº 12.441, DE 11 DE JULHO DE 2011. has been published today, finally bringing the Individual Limited Liability companies to the Brazilian Civil Code.

What does that mean?

It means that individual foreign investors will not need a local partner in order to start a business in Brazil

BYE BYE TOURIST VISA?

It's about to become very easy to come to Brazil!
This is one reason why the Obama Familia came down here to meet with the Dilma, Brazil's President.
Brazil just doubled the amount of Consulates in the US.  They expect to receive a lot more Americans soon.  Click here to see the updated Brazil Consulate list.

In as little time as one year, the US may add Brazil to their Visa Waiver Program (VWP), meaning Brazilians wouldn’t need a tourist visa to enter the US. As part of the visa reciprocity rules between the two countries, this would mean that Americans wouldn’t need a tourist visa to enter Brazil.

The applying country’s total nonimmigrant visa refusal rate for becoming eligible is set at 3%, though other criteria exist. Nonmember countries who want to join are required to give biometric passports to their citizens and every individual traveler needs to fill out a travel authorization form prior to travel. A few other

BUSINESS IN BRASIL EXPANDING THROUGH ASIA

Source

BNDES eyes opening of Asian office

By Michiyo Nakamoto in Tokyo and Joe Leahy in São Paulo

The Brazilian Development Bank, which is larger than the World Bank, is considering opening an office in Asia to support the international expansion of the country’s leading companies.

The plan reflects a boom in trade between Brazil and China and comes as the bank, known as BNDES, this week signed an agreement with the Japan Bank for International Co-operation to jointly invest up to $3bn in infrastructure projects.

BRAZILIAN BANK IS THE LARGEST LENDER IN WESTERN HEMISPHERE

BNDES, Largest Lender in Western Hemisphere

Source

By Sarah de Sainte Croix, Contributing Reporter

RIO DE JANEIRO, BRAZIL – With disbursements totaling over R$178 billion last year, pundits are calling the BNDES (Banco Nacional do Desenvolvimento, or Brazilian National Development Bank) the most significant lender in the Western hemisphere. However, some economists have criticized the bank’s lending policies as being inconsistent with its own goals and priorities.

Luciano Coutinho, president of the BNDES, photo by Bel Pedrosa/World Economic Forum (www.weforum.org).

According to the BNDES website, “The Brazilian Development Bank is the main financing agent for