The one thing that discourages most young entrepreneurs to start their own business in Brazil is because of the high tax duties their companies would have to pay to the government. Anyone who has a “live” business based in Brazil would understand that such high costs could be discouraging and sometimes overwhelming to any business start-up. However, some solutions can lower such costs, and Flavio Maluf, the President of Eucatex, believes that acquiring these tax deductions could help encourage new businesses to push with their pursuits. Visit barbacenaonline.com to learn more.
One solution for such predicament would be taking advantage of the tax incentives from the government. According to Flavio Maluf, there are now Fiscal Incentive Laws in Brazil that give companies both the opportunity and duty to divert some of their tax obligations to other projects in the society that later on could benefit their company.
For example, the company gets lower tax duties if they promise to spend most of their profits to donations for charity causes and technological programs that benefit the society in general. The main idea behind this is that the government would encourage companies to foster economic growth in the country, and by lowering taxes through this, companies would then be more likely to put their money in donations instead. These companies can then just file their donations under their advertising expenses, and so by donating, they’re saving on advertising costs. Instead of paying for advertising, stimulating the country’s economy is now their advertising strategy.
Flavio Maluf also points out that companies that focus on certain government priorities will also get extra tax incentives. If the business operates in an area that the government needs more support to generate jobs for the country, it can get such tax benefits. These sectors could range from aerospace, export companies, infrastructure or even areas that benefit incentive laws.
About Flavio Maluf’sEucatex
Eucatex is the trading firm where Flavio Maluf began his business career in 1987. It was there that he first learned everything to do with trading, mainly because his uncle was then the company’s president. Right now, Flavio Maluf is the President of Eucatex, and he is now the man responsible for the company’s current impressive success.
We all have to pay taxes. Not only is it a requirement in practically all areas where governments reside, but taxes allow localities to grow and maintain their infrastructure. Due to the complications and how expensive taxes are in Brazil, this makes it difficult for your average company. The larger the company, the more tax benefits it in turn has, while the smaller companies are thrust into a differentiated tax regime. According to entreprener Flavio Maluf, the average number of days to open a company in Brazil is extremely high in comparison to the United States. For instance, in Brazil it takes on average, around 107 days to open a business. The United States enjoys a five day wait time in most conditions. Learn more about Flavio Maluf at InfoMoney.
The tough part is when regulations and specific certificates are thrown into the mix. When one takes these additions into account, you can be sure to expect delays to be greater when trying to accomplish said goals. Flavio goes into money matters, and reminds business owners and entrepreneurs alike that no one can open a stable, profitable business without some financial planning. With that being said, the myth is still floating around out there that a potential investor, or entrepreneur needs to have a lot of money to start a business. There are many business models of the type where a great deal of capital isn’t needed to start up and be successful.
Opening a company in Brazil is not the easiest according to World Bank reports, and even common knowledge. Flavio Maluf has reason to celebrate, due to the fact his company Eucatex and Duratex have confirmation that they will do business with each other in the near future. While Eucatex will give a farm in Capao Bonito, they will in turn receive a production line for thin sheets of wood in Botucatu. All of this change means a lot for Maluf, and of course Eucatex as a whole. While the plant has 280 employees, Duratex will be resuming production at its factory in Itapetinga. It has been stated that the re-inaugartion will take place in April of 2018.
Felipe Montoro Jens serves as the Chief Executive Officer of EnergiparCaptação S.A. His experience in the financial sector has seen him work in several big companies and some of them include Pricewaterhouse Coppers, Enel, and Enron among others. He acquired his academic formation at the American Graduate School of International Management School, which served as the foundation for his successful career. The 25 years’ experience that Felipe Montoro Jens has in the financial and business sectors helped to prepare him for his current responsibilities as the Chief Executive officer of the Odebrecht Properties.
Odebrecht Properties is responsible for private and public partnership for social infrastructure and public concessions. The property they are responsible for the building include schools, hospitals, sports arenas, administrative centers, and reconstructing downtown areas. Felipe Montoro Jens is also responsible for the Company’s assets that are in line with financial restructuring. According to Felipe Montoro Jens the company’s assets, also known as the PPPS and Concessions in Rio de Janerio are mainly for the purpose of pre-school construction. The number of pre-schools the PPP or the public-private partnership plan to build is forty thousand. The construction of the pre-schools is to take place before 2020 ends. Learn more about Felipe Montoro Jens at terra.com
According to Felipe Montoro Jens, the largest private sector to oversee the development that is the International Financial Corporation of the World Bank provides consultation services to the Odebrecht Properties. The IFC also ensures that they help the company determine the various aspects of the project. The Rio de Janerio private and a public partnership were inaugurated in 2012, July. The partnership holds the private partner responsible for the maintenance and construction of the infant educational centers. While the public sector is responsible for the management of the learning or educational center.
The Public and Private partnerships are contracts that the public offices, for instance, states, unions, or other public entities enter with private sectors. In the agreement, the private sector partners are given concessional services before the public works even commence. Such agreements ensure that the community develops in terms of infrastructure and the government can also maintain the developments that arise from such partnerships.