By Lisa Flueckiger, Contributing Reporter
RIO DE JANEIRO, BRAZIL – Doing business in Brazil is an appealing prospect for many looking to capitalize on the booming oil and gas industry, as well as the emerging middle class of the seventh largest global economy. However between the language barrier, and local laws and customs, help from a professional service group like Many Places, Business Accelerator, can make the difference.
Many Places, a company located in Centro of Rio de Janeiro, helps businesses to settle in Brazil, with a focus on the oil and gas sector. They specialize in conducting initial market research, developing business strategies and helping to establish legal business entities in Brazil.
“Brazil is a great destination for business, because of its economic growth, stability, and dynamic work force, as well as national conditions without conflicts on its borders and its economic relations beyond South America, to Africa as well, ” Fatima Signorelli, founder of Many Places explains.
In addition, Many Places also assists with finding partners and other logistics issues inherent in establishing a new business. Another major area of expertise is the relocation of employees from abroad, which Many Places manages to the last detail, such as finding houses and introducing new employees to the Brazilian culture and lifestyle.
As a specialist in the oil and gas industry, Many Places offers sector-specific business plans, including help with Petrobras the majority-goverment-owned oil giant. Many Places can provide all the contacts needed from their broad network to help foreign businesses set foot in the country’s booming sector.
In March, Petrobras announced its plans to invest over R$470 billion (US$236.7 billion) until 2017 to fund the expansion of its output capacity, with over sixty percent of that amount destined to increasing exploration and production. Although the semi-government-owned company has had some disappointing performance lately, the sector is destined to be a global energy player for the foreseeable future.
Ms. Signorelli emphasizes the importance of the oil and gas industry in Brazil, “With the recent discoveries of pre-salt reserves, there are ongoing and planned major investments in the oil and gas sector, which will raise the Brazilian economy to a higher level; in particular in Rio de Janeiro. ”
“Our company, together with a network of partners, finds the information the client needs, so that the adaptation [to Brazil] occurs as smoothly as possible. We facilitate the flow of information and services for our customer,” Ms. Signorelli added.
Founded by Ms. Signorelli, Many Places has a great institutional network, working with Redepetro, a network of vendors used by Petrobras. They also work with chambers of commerce, universities and business promoting agencies.
Many Places is made up of professionals with over ten years of work experience. Currently there are five consultants and several partners for specific projects. Clients will be attended in English, Portuguese or Spanish.
Brazil recently slipped from the sixth to the seventh largest global economy, jostling with the UK over the last couple years. It is also known for what is termed the ‘Brazil cost’ however – factors such as bureaucracy and complicated legislation from taxes to work visas – which is exactly what Many Places Business Accelerator is poised to help with.
Many Places, Business Accelerator
Av. Beira Mar 262, Fifth floor
Centro, Rio de Janeiro, RJ
* This is an Advertorial for Many Places.