For many entrepreneurs who are running a business in Brazil, they understand the implications of tax burdens that could become a problem for them and their revenue. A new law, called the Fiscal Incentives Law, has been made to help business owners get back on their taxes the more revenue they make and the more money they put into their companies. The idea behind the law is to encourage more people to open businesses rather than deter these individuals because of high taxes and penalties. View crunchbase.com to learn more
Flavio Maluf, who is the CEO and owner of Eucatex, discussed the benefits of this law in a recent interview he conducted with Terra. However, he advises new business owners to open their companies with caution, as there are still a lot of regulations and laws governing tax for entrepreneurs and self-employed workers. Flavio Maluf has been the owner of Eucatex since 1997, but the company has been in business since 1951. The company uses eucalyptus as a way to manufacture flooring, walls and other items. Because eucalyptus is so readily available, especially in Brazil, Flavio Maluf saw a market for a more sustainable product to be used for flooring. This cuts down on the amount of trees that have to be cut down in order to produce the same types of products.
Flavio Maluf graduated from the Armando AlvaresPenteado Foundation with a degree in engineering. He used this degree to help develop different projects and programs within the Eucatex company itself. He believes that in order for an entrepreneur to be successful in his industry, he has to be orderly and incredibly organized. Flavio Maluf spends most of his day in the office, working on a variety of projects and manning the 350 people who work underneath him. When he is not in the office, Flavio Maluf enjoys spending time with his family, which consists of his wife and two children. He is also a lover of all things sports-related, and can often be found working on a wide variety of sporting teams and attending a series of events in the Sao Paulo area.