The amount of people in Brazil who understand what is occurring in their state in 2014 are plentiful. It is not only of tremendous interest to average citizens in the state but also to politicians and business people. The fiscal consequences are enormous and for those looking to put money into Brazil, the chances are numerous.
When the competition is hosted by Brazil, these sites will be spread broadly. This geographic spread will mean an excellent deal of long distance journey for supporters and the teams, support staff. In the end, Brazil is among the five largest states on earth. Brazil contains areas in both northern and southern hemispheres, but mainly the latter, where all the matches will occur. Contrary to what a majority people may believe, the nation just isn’t bathed in tropical heat throughout every season.
The final match will occur in the famous Maracana stadium. This was constructed for the 1950 tournaments but has been/is being extensively renovated for this particular World Cup, including a completely new cover. Other renovations include a massive new parking complex with plenty of spaces. The hope in the end is that the stadiums will more than pay for themselves not to mention in the months and years after the tournament.
All this provides opportunities for investment for a host of investors, small or big, foreign or local. The Brazilian Government has legislated to exempt investors from specific taxes, so that you can make the entire package even more attractive.
As an example, the Importation Tax and the so called Industrialised Products Tax isn’t going to be imposed on companies building or refurbishing the arenas. As another ‘sweetener’ the twelve cities are permitted to waive, in particular conditions, the regular State Value Added Tax on all firms supplying, directly or indirectly, goods or gear for refurbishing or building the places.
In general, an incredibly attractive package.