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The collection of data for this study was performed through an 11-week Minor Field Study in Brazil in the year 2013. The main subject of the study related to the internationalization process of companies, knowledge management and business networks theories. The work was performed as a case study with a qualitative approach. Primary data collection included a semi-structured interview to the president of the Chamber of Commerce in Brazil, informal conversations with employees at management positions in Swedish Firms and On-site observations of the author in the country of study. Secondary data collection was obtained from market analyses reports, business reports, theses related to the subject of study, official websites, newspapers and other digital and analogue sources of information. The languages used for the collection of data are English, Swedish, Spanish and Portuguese. This work researched about how Swedish firms can obtain relevant market knowledge to enter Brazil and to choose its foreign mode of entry. The conclusion of this research leads to the fact that Swedish Companies should aim to acquire a relevant position within international and domestic business networks related to the country of destination to enjoy the possibility of learning and creating new market knowledge. Though incrementing its commitment decisions, trust, and the discovery of opportunities through trust-building activities. In regards of the choice of market entry mode, there is not a perfect standardized mode of entry for all the types of firms entering Brazil but by acknowledging the capabilities and resources of the own firm and its business networks, a firm should choose its mode of entry by seeking the highest risk-adjusted return on investment.