Doing business in Brazil 2023

05 July 2023
10:00 a.m. - 11:00 a.m. (EST)
 -  Online
Webinar: Doing business in Brazil 2023

The Global Business Complexity Index 2023.

Entering new markets, or managing existing cross-border operations, can pose many challenges for businesses.

The Global Business Complexity Index 2023 (GBCI) provides an authoritative overview of the complexity of establishing and operating businesses around the world. It explores factors driving the success or failure of international business, with a focus on operating in foreign markets, and outlines key themes emerging globally as well as local intricacies across 78 jurisdictions.

The GBCI 2023 is based on 292 indicators relating to business complexity and provides in-depth analysis of global and local challenges impacting on the ease of doing business around the world. These data points are used to compile a global ranking of the 78 jurisdictions, based on the complexity of their business environments and covering legislation, compliance, accounting procedures, tax regimes, human resources (HR) rules and payroll processes.

Brazil drops down two places from its place at the top of the ranking last year, but it continues to be a challenging place to do business. A key driver to its complexity lies in accounting and tax processes in the jurisdiction. The Brazilian tax system is made up of three layers – city, state and federal – and these make for a densely regulated environment. On top of this, there are frequent tax regulation changes. For a business to enter the Brazilian market, they need to understand the demanding structure and seek expertise to navigate the market.

Despite this, steps have been taken in Brazil to make operation simpler for businesses. Over the past 12 months, there has been a simplification of foreign exchange control rules and other requirements that are specifically applicable to foreign investors. Additionally, for funds services there has been a revision of the regulatory environment, which is expected to make processes simpler in the future. With Brazil moving towards the global regulatory framework for compliance, consistent processes and legislation should make things easier for businesses that are already familiar with global regulation.


Agenda:

10:00 a.m. - Welcome

10:05 a.m. - What is the Global Business Complexity Index (GBCI)?

10:07 a.m. - Three Global Themes

10:10 a.m. - Global Top 10: Most complex and simple jurisdictions to do business in the world

10:20 a.m. - Brazil economic overview and local trends

10:40 a.m. - Brazil's Complexities and Opportunities

10:55 a.m. - Questions and closing remark

Speakers:


Rodrigo Zambon

TMF Brazil's Managing Director and member of the Executive Committee Iberia/Latam of TMF Group. 20+ years of experience as an International Business Executive with a focus on market entry, strategy, business development, and operations. Solid career as M&A, Strategy, and Operations consultant.


Gabriel Tamancoldi Couto

Economist at Banco Santander responsible for special projects.

He was an economist at Santander Brasil Asset Management between 2011 and 2014, co-responsible for covering the domestic scenario. During the period, the institution was regularly ranked in the Top 5 projections by the Central Bank and Top 10 by Agência Estado. Between 2016 and 2020, he coordinated the Economy Center of the Commercial and Industrial Association of Ribeir?o Preto.

Gabriel holds a Master's and PhD in Applied Economics from FEA-RP/USP. Bachelor in Economics from FEA/USP.