Rio’s Risky Commercial Real Estate

By Bruno De Nicola, Senior Reporter

RIO DE JANEIRO - How do commercial real estate contracts work in Rio? There are more then a few questions that every foreigner who dreams to open a business in Rio de Janeiro may share.

The market seems to be full of surprises and sometimes things don’t work out well, as in Manuel Spruzzi’s case, an Italian expat who continues his struggle to open a ice-cream store here.

Spruzzi has been living in Rio de Janeiro for the past six years and three years ago decided to open his own businesses. It . . .

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