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7 Profitable Business Ideas to Start in Brazil in 2024

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Profitable Business Ideas to Start in Brazil
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Are you looking for the best business ideas to start in Brazil? Are you considering relocating your family to South America and you are searching for a lucrative investment opportunity to explore? Or you are about quitting paid employment and you want to be sure you’ve got a profitable business idea? Whatever your concern is, we’ve got you covered.

In this article, you will learn:

  • Unique business opportunities you can invest in Brazil
  • A profitable business idea that you can easily start with less than $5k
  • Why Brazil is a great place to start a business
  • Key challenges you will face when setting up your business in Brazil
  • Home-based small businesses you can start in Brazil
  • What immigrants have to say about starting a business in Brazil
  • What you will need to start a business in Brazil

Before we dive deep into the various lucrative business opportunities in Brazil, let’s discuss the benefits of starting a company in this country:

Why is Brazil a Great Country to Start a New Business?

Brazil is a great place to run a startup because it has strong and steady economic growth, a diversified economy and is very open to foreign investors. The absence of natural disasters, political instability and terrorism makes Brazil one of the best countries to start a business. 

According to the annual rating of the World Bank’s Ease of Doing Business Index, Brazil ranks 124 among 190 countries. Information from the South American nation, Federal Police shows that 132,000 Americans landed in Brazil in 2021.

American-owned startups are booming in Brazil. This is another indication that you too can set up your own company and be successful as well. That said, let’s move on to outline the top 7 most profitable business ideas to start in Brazil.

7 Most Lucrative Business Opportunities to Start in 2024

1. Start a Mobile App Development Business

According to the Americas Market Intelligence, 42% of online shoppers in Brazil prefer to purchase their choice of products through apps. The implication is that if a business doesn’t have a mobile app, chances are, most Brazilians won’t buy from them.

What does that tell you? There’s an ever-growing demand for app developers in Brazil. In 2021, over 10.3 billion apps were downloaded in Brazil alone. If you have the requisite skills, starting your own mobile app development agency will be a lucrative business.

The average salary of a mobile app developer is $38,000 annually. From Brazil, you can offer your services to companies in the United States and other parts of the world.

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2. Set Up a Paint Production Company

A report from Brazil’s paint and coatings industry showed that Brazil produced 1,647 billion liters of product in 2022. This placed Brazil among the top 5 paints and coatings producers in the world.

If you know how to produce building or car paints, starting a paint production business will be a brilliant decision for you. With less than $5,000 you will be able to start your own paint production company in São Paulo.

Being an immigrant doesn’t stop you from starting a business in São Paulo or any other bustling city in Brazil.

3. Start Selling Real Estate

According to a report by Mordor Intelligence, the Brazilian residential real estate market is poised to grow at a CAGR of 6% by 2028. As of June 2023, home prices in Brazil had gone up 28.4% compared to last year, selling for a median price of $180K.

This sharp increment in the real estate market can be traceable to the increasing number of tourists visiting the country. Investors are also concerned because they are only loyal to legitimate ventures that will increase their ROI.

As a brilliant entrepreneur, this is where you come in. By simply picking up choice properties and referring them to customers, you can make a decent income in Brazil. However, before selling real estate in Brazil, find out the necessary licenses you would need. 

4. E-commerce Startup

Brazil has a wide range of popular e-commerce companies. I’m talking of the likes of Mercado Livre, Americanas, OLX, Casas Bahia, etc. But as the population of the country increases, there’s always room for more people to join the race. 

To stand out from the crowd and differentiate your business, you can choose an e-commerce niche. You may want to create an e-commerce store that sells only baby items or home appliances.

If you apply strategic marketing to get the word out about your new e-commerce startup, industry giants will seek mergers and acquisitions with you. And of course, yours won’t end like that of Bebe Stores who had to close down 168 brick-and-mortar offices and threw over 4,000 people back into the job market.

5. Start a Blogging Business

If you are passionate about running an online business… If you are interested in starting a business that will guarantee you location, time and financial freedom… And if building a digital asset is something that tickles your fancy… Then you should have a blog.

Blogging is one of the most profitable online business ideas you can think of starting in Brazil. Like most countries, you do not need any form of license to run a blog. 

If you can pick a lucrative blogging niche, purchase your domain name from Namecheap and web hosting from HostGator [Follow my link so that I can earn a commission], you will be able to build your own blog.

6. Security Service and Equipment Business

While Brazil is a great place to start a new business, there’s a high level of violent gun and knife crime in the country. This increasing crime rate puts a lot of expats and the elites of society into a panic. Thereby creating a new business opportunity for entrepreneurs.

If you are a macho man kind of body person, or you have a waiting executive audience that will patronize you, you can assemble young men and women to start the business. Beyond offering executive protection and private travel security services in Brazil, you can start selling security equipment like CCTV cameras, security alarms, smoke detectors, security bulbs, table clocks with a CCTV camera, etc.

Bodyguard service is one of the most profitable and less competitive business ideas you can start in Brazil. It’s very affordable and you can operate the business from any part of Brazil. Using social media marketing, you can spread the word around about your business.

7. Start a Bottled Water Production and Water Purifier Business

How profitable is bottled water production? Yes, bottled water production is profitable even though the profit margin is small. But how lucrative it is depends on the company and nearness to raw materials.

There’s an increasing demand for bottled water, not just in the United States but also in Brazil. If you have good packaging and focus on penetrating the untapped market, you will make a decent income from bottled water production. 

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That said, let’s look at the downside of starting a business in Brazil.

Key Challenges to Starting a Business in Brazil

One of the biggest challenges to doing business in Brazil is that there’s bureaucracy. The bureaucratic nature of the legislation in Brazil makes it increasingly difficult for foreigners to run a successful business in the country. 

According to the World Bank’s Doing Business ranking, Brazil ranks 124th among 190 economies. In addition to that, fees and restrictions to export isn’t favourable to foreigners even though Brazil is the 21st largest exporter in the world. 

Which of these profitable business ideas would you like to start in Brazil? Share with us in the comments section.

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Emenike Emmanuel is a multiple award-winning blogger, CEO of Entrepreneur Business Blog, Chief Evangelist of Ebusinessroom Ventures, and the Lead Coach of an online community of over 12,000 business owners called, The Excellent Entrepreneurs' Network. He’s here to help you start, manage and grow a profitable and sustainable business using digital marketing strategies. Follow him on Facebook, Twitter, Instagram, LinkedIn & Pinterest with this handle, @emenikeng. Telegram group - t.me/yourfirst1000 | Email: [email protected]

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