17. Challenges
✓ Implicit costs of doing business in Brazil (“Custo Brasil”)
requires intimate local knowledge
✓ Government bureaucracy
✓ Employee benefits and labor legislation
✓ Environmental laws
✓ Complicated, layered tax system
✓ Complex tariffs and customs regime
✓ Logistical infrastructure under stress due to
sustainable growth
✓ Complex legal system
✓ Local content requirements
Claudio A. Pinho