The Entrepreneur Forum | Financial Freedom | Starting a Business | Motivation | Money | Success

The Entrepreneur's Forum for learning how to build wealth and financial freedom the Fastlane way!

Say "NO" to mediocre living rife with jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence. Join our forum with more than 70,000 entrepreneurs who are making it happen.
Join for FREE Today
Get the books
Remove ads? Join Fastlane INSIDERS
(Registration removes this block)

Tired of living in Brazil. How can I (should I?) move my entire company elsewhere?

gallagher99

Contributor
Feb 18, 2015
28
31
32
Honestly I'm really tired of living in this country. I don't feel at home and EVERYTHING is turning out to be really expensive, insanely high taxes, really hard to accomplish anything, really burocratic in terms of doing business, we are in the middle of an economic crisis and this recession is killing me.
I love what I do, but I don't like where I am (in terms of location). I don't like the food, the people, the music, the sports, the weather, etc.

Long story short: I have a clothing shop AND an industry. So it is 2 completely different business, but they complete each other. So I can manufacture the product for myself (and others), and sell it in my own store/shop.

I could keep the store here and build the industry elsewhere. I could take all my machines and put in a container and build my industry in another country, or I could sell everything and start from zero. Or I could find an angel investor and keep both industries.
Obviously, still lots to think yet.

Japan, Canada, Australia, USA, Germany, Norway, Finland, Denmark, UK, Italy, France and Spain would be my primary choice. But I suppose it is far away right now, since money is not enough, rent is expensive, price of labor is expensive, etc.

I was thinking of countries like Malaysia, Indonesia, Combodia, Vietnam, Thailand or Philippines.

Anyway. What would determine in my decision would be the rent price, cost of labor, burocracy, how can I import/export, etc.

Obviously it is not something that I'd do overnight, but It is something that has been in my mind for quite a while and I'll do it in the future, maybe in one or two years.


Just to ilustrate. I'd build something like this.factory_workers.jpg


What do you guys think about it?
Am I going insane?
Edit: Is there any accurate way to find about safety, rent prices, labor prices, etc. In each of those countries?

RIGHT NOW it is completely impossible for me in terms of money, but staying here is killing me :(
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

AgainstAllOdds

Legendary Contributor
EPIC CONTRIBUTOR
Read Fastlane!
Speedway Pass
Dec 26, 2014
2,274
14,561
30
Chicago, IL
Do it.

There's a ton of money in arbitraging labor (aka opening up a factory overseas and then selling the outputs in Brazil).

It'll be harder than you think, but can be done.

Make sure you have enough money to execute, then go out and do it. There's no reason for you to stay at home. Worst case scenario you'll have a story to tell.
 

Late Bloomer

Gold Contributor
Read Fastlane!
Speedway Pass
Apr 17, 2018
950
1,349
How many of those countries have you visited?

One thing you didn't mention, is legal hurdles. The EU overall, and then each of the other nations, have their own laws and procedures for immigration. If you will be there more than a short amount of time, as more than a tourist, then you'll need to know the rules for visas, short term residency, and permanent residency, for yourself. A search on "business immigration" should provide plenty of starting places. You'll also need to be aware of trade wars, tariffs, tax and legal structure of your multinational business. Maybe you've already looked into all of this, and didn't mention it in your initial post. If not, you have a lot of homework ahead, for you or your advisory team!
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

MTF

Never give up
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Fastlane!
Read Unscripted!
Speedway Pass
May 1, 2011
6,818
30,191
I think that @GlobalWealth will have some suggestions for you. Plenty of countries will be more than happy to offer you residency and perhaps even lower taxes or a loan if you move your business there and hire some local employees.
 

Post New Topic

Please SEARCH before posting.
Please select the BEST category.

Post new topic

Guest post submissions offered HERE.

Latest Posts

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

Must Read Books...

Explore books recommended by MJ DeMarco and other members of the Fastlane entrepreneurial community.
Fastlane Bookstore
Top