“Dedicate yourself and seek perfection in what you do”. This is a great advice that this Eucatex Chief Executive Officer, Mr. Flavio Maluf gives to every upcoming entrepreneur who wants to reach heights. True to his advice, he has actualized it in his leadership at Eucatex.
In his recent publication on how businesses can benefit from tax incentives, Flavio Maluf highlights that many entrepreneurs in Brazil are finding it hard to kick because of the hefty yoke of tax that the government has imposed. That’s why Fiscal Incentive Laws is a very crucial issue that many businesses can take advantage of and gain some tangible benefits.
According to Flavio Maluf, these incentive laws allow entrepreneurs and businessmen use part of tax they pay the government in carrying out some developments and projects. Basically, the projects should benefit the society and should involve sporting, cultural, technological advancement, scientific discoveries and research, social development, health etc. Learn more about Flavio Maluf at InfoMoney.
The aim of these incentives is to enhance developments and growth in the society. Nevertheless, this should not be mistaken for evading tax payments; it’s just a strategic way of spending the tax. Through these societal projects, the companies, organizations, and entrepreneurs will build a very good image for their clients. That definitely translates to spending less money on advertising their products and services.
These incentives vary according to specific regions, states, municipalities and even federals which mean that an entrepreneur should know the operational incentives regulations and laws in their locality.
Flavio Maluf studied Mechanical Engineering at Armando AlvaresPenteadoFoundation but this was not long-lived because his passion for entrepreneurship consumed from within leading him to study a business course. By 1987, he was well equipped to enter the market and luckily he joined Eucatex which was a family business.
Though he was born in a wealthy and well up family, he was not blinded by what his father owned, he worked hard and smart like any other young person. This could be what his uncle, who was then the CEO of Eucatex Group, saw in him. After 9 years of joiningEucatex and working the Industrial area, Flavio Maluf joined the executive team and after one year in 1997, he clinched the leadership of the company which he has been heading. He has been leading it to heights even globally. Read more: https://www.crunchbase.com/person/flavio-maluf