Brazil 4 Business

Roraima

Located at the northernmost point of Brazil, in the Northern region of Brazil, Roraima occupies an area of approximately 224,000 km². Divided by the equator and timely situated between two countries, Venezuela and Guyana, has a strategic location with proximity to the Caribbean and Central and North America markets.

The territorial dimension of the state is 224,300.506km², of which 46.37% are formed by indigenous areas. The population registered by the Census Bureau of 2010 was 450 479 inhabitants, of which 70% are concentrated in the capital Boa Vista, and the rest were divided amongst 14 municipalities in the interior. With a Gross Domestic Product - GDP of approximately R$ 7 billion, it has the second highest GDP per head in the Northern Region.
 
The state has infrastructure to receive industrial, agricultural industrial and ecotourism projects. The income sources of Roraima's economy are directly linked to activities in the sectors of services (78.5%), industry (10.5%) and agriculture (4.8%). Others sum 6.2%. The state's production base is in agriculture, livestock, industry and the extractive activity on animal, vegetable and mineral.
 
The state has been developing actions to boost the industrial park in increasing development, with space for projects in different areas of competitiveness and innovation. The main industries are the processing of cereals, production of soft drinks and mineral water, furniture, wood, dairy products, trade, services and construction.
 
Among the many reasons to invest in Roraima's are:

  • Tax incentives for the installation of companies in the region;
  • Strong tourist vocation, since the state is rich in natural landscapes;
  • Weather conditions favourable to agribusiness;
  • Strategic location for the international market;
  • Approval on the installation of the Export Processing Zone (EPZ) in Boa Vista. The land is already available;
  • Free Trade Areas (FTAs) functioning in the capital Boa Vista and the municipality of Bonfim on the border with Guyana, making the imports on productive resources cheaper.

 
 
Infrastructure
Located under the influence of the Amazon Transport Corridor, making the planned Arco Norte integration Axis (Roraima's and Amapá) and the Guyanese Shield Hub, the state has access to Venezuela, Guyana and Suriname.
 
In activities related to the Guyanese Shield, the state of Roraima is investing to facilitate the flow of products in the region. Along with the Brazilian and Guyanese governments, there are projects to pave the international highway between Boa Vista and Georgetown, capital of Guyana, with a distance of approximately 700 kilometres, of which 225 are already paved. The project also includes the construction of two hydroelectric plants in Guyana to be interconnected with the Energy System of Brazil and a port in the city of New Amsterdam, whose draft allows large vessels and promotes foreign trade from the Atlantic Ocean.
 
Roraima has 1481 km of federal highways: BRs 174, 210, 401, 431, 432 and 433. The main one is the BR-174, which connects Manaus to Boa Vista, following from the capital of Roraima to the border with Venezuela. It is 254 km in the Amazon and 720 km in Roraima, totaling an extension of 974 km of fully paved roads. The BR-401 connects Boa Vista to the Bonfim municipal, on the border with Guyana. The BR-210, known as the Perimetral Norte (Northern Bypass) is part of the Arco Norte Integration System.
 
 
International Market
The state has comparative advantage in logistics: the capital, Boa Vista, is 220 kilometers from the border with Venezuela, which has a population of 30 million inhabitants (IMF estimate), distributed in an area of 912,000 km². It stands out as the 30th global economy, and has Brazil as one of its main suppliers (beef, poultry and pork, eggs, fruit, wood, furniture, soy, rice, coffee and sugar).
 
Boa Vista is located just 120 kilometers from the border with Guyana, which has a population of approximately 800,000 inhabitants. Brazil was the 5th supplier of goods to the country, supplying 3.3% of Guyana's domestic demand (2012).
 
 
DISCOVER RORAIMA
 
To assist and support to foreign investors, the International Business Centre (CIN) makes available information, consulting services, organization of fairs, events and international missions to businessmen. The CIN-FIER is part of a network led by the Confederation of Industry (CNI) and connected with dozens of international institutions in promoting business and investment.
 
Check in the left menu, several advantages of investing in Roraima and please contact our team in the state.

The industrial companies in Roraima are divided among the three sectors in the economy, highlighting segments: food, beverages, agriculture, fruit production, tourism, craftsmanship, construction, urban sanitation, clothing, wood, furniture, grain, fish farming, mining, automobile, jewelry and graphic.
 
 
Turism
 
The state has a great geographical diversity, among plateaus, grasslands (plowed), forests intersected by rivers, which leads to exuberant sceneries, possibility of expeditions and contact with various indigenous communities. Because of its natural beauty and diversity of ecosystems, you have an abundant viability of increasing tourism. In this sector, there is progress in the formulation of the receptive ecotourism expansion strategy (inter-regional and international), business tourism and expansion of infrastructure and network services.
 
 
Fish Farming
 
Fish farming of Roraima has great potential, favored by water, genetic, climatic, and technical and production incentives. The state is shaping among the largest producers of Tambaqui the country.
 
 
 
Fruit production
 
Irrigated fruit growing in the savannah area has motivated many farmers in Roraima due to the vast areas available, production possibilities in the offseason from other Brazilian states and excellent weather conditions for fruit production seasoned climates, in addition to tropical climates.
 
The regional fruit market presents promising and production resources for the domestic market, serves the state of Amazonas and looms neighboring markets of Venezuela, the Republic of Guyana and the Caribbean.
 
 
Agriculture
Roraima has great potential for agribusiness, and can take a strategic role of a producer and supplier on certified seeds of soybean, corn, rice, sorghum and other grains, either because of the high productivity ratio per hectare along with the crop capacity in the period of in between Brazilian harvesting.
 
The reversal period of the harvest, in relation to states in the South, Southeast and Central-West, is a great advantage that Roraima has, being located in the Northern Hemisphere. Its strategic location makes it easy on export logistics to neighboring countries such as Venezuela, the Republic of Guyana and countries of Caricom.
 
Civil Construction
The construction industry stands out as one of the economic sectors that mostly contribute to the development of the state. The sector accounted for 50% of Roraima’s Industrial GDP (2011). Large projects from the public sector ensured continued growth of this sector of the economy.
 
The private sector also developed a fundamental role, guaranteed by a booming market, and justified by the high demand for residential and commercial buildings in the state. Two shopping centers are being built and should be inaugurated between October and December 2014. The growth of construction in Roraima has generated positive externalities in other sectors of the economy.
 
 
Furniture Industry
 
It is an industry that has a huge market potential besides the possibility of changing its export portfolio of raw materials to finished products and adding value to products, consequently improving competitiveness.
 
 
Mining Industry
 
Roraima is rich in mineral resources; the state has the highest mineral potential in their West, North / Northeast and Southwest region areas. The dealings are mainly gold, diamonds, cassiterite, niobium, tantalum, molybdenum, titanium, as well as evidence of radioactive minerals, oil and gas, with high rates found in the geological formation of the state.
 
Currently, the mining industry benefits from by the reduction of PIS / Cofins for the purchase of resources and machinery for the infrastructure projects; credit increase; and a long-term falling interest rate from the National Bank for Economic and Social Development (BNDES); reduction from 14% to 2% on Importation Tax on machines without any similar ones on the national market - initiatives which cheapen credit for this activity.
 
 
Livestock
 
Livestock farming is a traditional economic activity in Roraima. It occupies an area of approximately 44,000 square kilometers of state surface. The areas of formed pastureland occur mainly in South municipalities of the State. The predominant breeds in cattle herds are: Nelore, Gir and Guzerá because they are more resistant adapted for meat production. In milk production, the breed which is used is Girolanda (mixture of Gir with Dutch).
 
As from the third quarter of 2014, Roraima will count on a modern slaughterhouse / refrigerated warehouse, following all technological and sanitary requirements required for meat processing by the American, European and Asian markets. Baptized Frigo10, reference to the union of 10 entrepreneurs to build and operate the first private slaughterhouse of Roraima, will have the capacity to slaughter 500 animals per day.

 

State Incentives

The state of Roraima encourages and benefits its investors in various ways, among them, by investing in infrastructure, in labor qualification, in technology and innovation centers, by granting fiscal incentives in order to make the region more attractive to investors.


Benefits of the Industrial Development Fund – FDI

 

  • Loans of up to 75% of ICMS effectively collected;
  • Endorsement of 30% of the project presented;
  • Subscription of shares and debentures or equity shares up to 25% of the project;
  • Financing Working capital up to the limit and 50% of the project value;
  • Subsidy of up to 70% on water and sewage tariffs;
  • Donation of plots for the installation of companies in the Industrial District;
  • Granting storage and production infrastructure on a free leasing regime;
  • Differentiated fares for electricity.


Banks with attractive financing lines

  • Banco Nacional de Desenvolvimento Econômico e Social (BNDES)
  • Banco da Amazônia
  • Banco do Brasil
  • Caixa Econômica Federal