Nikon Brazil has officially shut down. This week, Nikon Brazil released a statement to formalize the closure—less than a year after the South American branch halted online sales.
The Brazil market is significant with a population of more than 200 million. And it’s worth noting that Canon Brazil continues to operate. While the exact reason behind the closure of Nikon Brazil wasn’t given in the announcement, one PetaPixel reader speculates that it’s likely due to government policies.
“Not only [is the] Brazilian bureaucracy […] extremely horrible for foreign companies, […] but also there’s a huge gray market of not only cameras but all sorts of electronics and other types of products to contend with,” Renato Murakami told PetaPixel.
Of note is the 60 percent tax on any imported electronic item of value more than $50. As such, it can be cheaper to fly to Miami and purchase camera gear there than to purchase from a Nikon Brazil affiliate. Brazil Nikon owners can learn more about what this closure means for your gear’s warranty, here.
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