subject: Maranhao - Investment Destination in Brazil [print this page] Maranhao - Investment Destination in Brazil
Maranhao is one of the states located in the northeastern regions of Brazil. The state has the Atlantic coast to its north. Palm trees dominate the landscape of the state, and often Maranhao is referred to as The Land of the Palm Trees. The state's capital city, Sao Luis, is a designated UNESCO world Heritage site. The southern regions of the state are widely occupied by the Savannas. The state of Maranhao is a decently populated state in Brazil and more than 68% of the population lives in the urban areas.
Maranhao has a good mix of industries including agriculture, airplanes, industrial sector, timber industry, metal industries, etc. However, the service sector of the state is the largest contributor to its GDP; it accounts for about 54.5% of the total GPD of the state.
The state of Maranhao has a significant agricultural and allied industry right from during the days of colonization. A huge variety of crops including potatoes, soybeans and tomatoes are grown extensively throughout the state. Maranhao is one of the leading soybean exporting states in Brazil. Maranhao contributes to about 14% of the national export of soybeans. Thus, the agricultural industry is a very good option for foreign investors to invest in. Investing in food processing units can be particularly profitable.
The metal industry, especially aluminum, is one of the leading contributors to the GPD of Maranhao. The state also is one of the leading exporters of aluminum. The state also has a significant steel industry and the industry promises huge investment potential. There is great opportunity for investing in manufacturing of metal products and in processing of aluminum.
With the availability of basic raw materials like steel and aluminum, the state has a big airplane industry. The industry also promises good investment opportunity; especially in setting up a business for supply of aircraft components, and providing technological know-how. The industries promise good returns on an investor's investment.
Maranhao is known as the Land of Palm Trees. A huge variety of palm trees are found extensively throughout Maranhao. The tree is a major source of income for a huge number of Maranhao residents. The timber of palm trees is used for a variety of purpose. Hence, foreign investors can invest in the timber industry, especially in processing of timber and making furniture from palm tree timber.
The southern regions of Maranhao are extensively occupied by Savanna forests. These forests are a rich source for a wide variety of natural resources. Investors can invest in tapping these rich natural resources and convert them into profit-making investment opportunities.
Maranhao is also an ideal destination for foreign investors to invest in the real estate sector of the state. With the rising numbers of tourism in the state, there is great investment opportunity in investing in building accommodation facilities for tourists, including: hotel buildings, luxurious villas, beachside oases, etc. Also, due to the government's initiative to promote tourism and the overall growth of the Maranhao's economy, a huge number of immigrants are coming to the state. Thus, there is also a great opportunity for building residential and office buildings.
Investing in Maranhao is advantageous for foreign investors because the government provides several tax benefits and incentives for investing in the state.
Thus, Maranhao is the ideal destination in Brazil where investors can invest to earn profitable returns.
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