Sao Luis is the capital city of the Brazilian state of Maranhao. The city is situated on Sao Luis Island in the Baia de Sao Marcos, which is an extension of the Atlantic Ocean. Sao Luis is the only capital city in Brazil founded by the French. It is also one of three Brazilian capitals that are located on islands. The city is one of the important port cities in Brazil. Ponta da Madeira and Porto do Itaqui are the two major ports in Sao Luis. A substantial part of Brazil’s iron ore is exported from the city’s ports.
Being a port city, Sao Luis is one of the important cities in Brazil from the economic sense. There are diverse industries in the city. Textiles, commercial airplanes, food processing, furniture and manufacturing of metal products are some of the major industries of Sao Luis.
With the city poised to be one of the host cities of the 2014 FIFA World Cup, immigration to the city is set to increase by up to 20%. In addition, with the Brazilian Federal government’s initiative to promote tourism, business analysts are estimating the tourism industry in Sao Luis to grow. Hence, foreign investors can consider investing in the tourism sector of Sao Luis. Foreign investors can invest in renting out apartments, building villas, constructing apartments and beachside oases. The carnival of Brazil is popular world over and carnival in Sao Luis is no exception.
Of late, the real estate sector in Sao Luis has been growing consistently. Due the low cost of living and the affordable price of real estate, the city is attracting large numbers of immigrants both from within the country and from foreign countries. Thus, the real estate sector is also a good option for foreign investors. Investment opportunity lies particularly in building commercial and residential buildings. Investing in the real estate sector of Sao Luis is particularly advantageous because the government of Brazil provides tax benefits for foreign investors.
The city has a huge industrial sector. Some of the prominent industries in Sao Luis are sugar refining, a rum distillery, cotton mills, and a cacao processing factory. Thus, foreign investors can invest in several activities related to the industrial sector.
Sao Luis is one of the leading cities in Brazil which is an exporter of several agricultural and related products. Its exports include: sugar, rice, corn, cassava, castor beans, babassu palm oil, balsam, etc. Foreign investors can also consider investing in the agricultural and agro-related sectors. Investing in food processing, tanning, or the processing of hides holds particularly better potential to yield profitable returns.
Advantages of Investing in Sao Luis:
Thus, the city of Sao Luis presents foreign investors several options to invest in diverse sectors, plus foreign investors are subject to get very lucrative advantages of investing in Sao Luis. The city is set to become one of the commercial hubs of Brazil, and investors investing in the city are set to earn profits.