1. Cutting Brazil's red tape — Fighting Mexico's judicial corruption — Championing Montevideo's free press — Blending Argentine rock and folk.
- Publication Date:
- 03-2014
- Content Type:
- Journal Article
- Journal:
- Americas Quarterly
- Institution:
- Council of the Americas
- Abstract:
- "Don't be afraid of bureaucracy. Turn it into an opportunity." According to Brazilian entrepreneur Edivan Costa, that has been the guiding phrase of his life and career. But he is the first to admit that in his country, it's easier said than done: Brazil ranks 126th out of 183 countries in ease of starting a new business, according to the World Bank/International Finance Corporation's 2012 annual Doing Business report. That's why Costa founded SEDI, a company dedicated to helping new businesses navigate Brazil's often-frustrating bureaucracy. SEDI, the acronym for Serviços Especializados de Despachante Imobiliário (Specialized Forwarding Agent Services), offers one-stop shopping for businesses trying to obtain the federal, state and municipal licenses they need to operate. And that's a significant service in a country where, according to the Doing Business report, it takes an average of 13 procedures and 119 days to register and license a business. Certain businesses, such as a gas station, can require 120 separate licenses. It's one reason why 40 percent of Brazilian start-up businesses do not survive more than two years after opening, according to a 2011 report from Brazil's national statistics agency, IBGE.
- Topic:
- Corruption
- Political Geography:
- Brazil, Argentina, and Mexico