High technology
In a world where innovation and technology are crucial, Peru is solidifying its role as a hub of innovation and technological creativity in the region, enhancing its global presence. The pursuit of technological excellence also drives us to nurture local tech talent and leverage the country's resources to develop innovative solutions that have a positive impact on society.
FDI in high technology
Period: 2003 - April 2024
USD
Millions of FDI in the sector.
Photo: Shutterstock
Source: fDi Markets (2024)
Projects in total.
Photo: Shutterstock
Source: fDi Markets (2024)
Jobs generated
Photo: Shutterstock
Source: fDi Markets (2024)
Potentials in high technology
Sector highlights
Internet usage among the population aged 6 and older saw an increase in 2022.
Source: INEI 2020, OSIPTEL (2021), Chamber of Electronic Commerce (2021), ENAHO (2020), National Infrastructure Plan for Competitiveness (2019)
One thousand companies in 2022. Growth rate in 2022 of 2.5 %.
Source: INEI (2023)
Millions in Gross Value Added, 2022.
Source: IndexMundi (2022)
Subsectors of interest
Startups
In 2022, USD 87 million were invested across 41 transactions, with 84% coming from foreign sources.
Venture capital funds have solidified their role as the main investors, especially over the last two years (2021 and 2022), indicating the growing maturity of the Peruvian ecosystem. The fintech sector led the way in 2022, attracting the most investment, with a 40% share.
BPO
90 % of production and services involve some level of outsourcing in part of their processes.
Between 2003 and 2022, eight investment projects totaling USD 44.4 million were executed, creating 5,166 jobs.
Data Center
There is a growing demand in the Peruvian market for housing (infrastructure) and cloud (server) services.
Nationally, Peru has a fiber optic network that connects 22 regional capitals and 180 provincial capitals.
Tax incentives
Anticipated recovery of the General Sales Tax (RERA IGV)
It allows projects with long pre-operational periods to recover the IGV on investments made in goods, services, construction contracts, and more. This facilitates the company's liquidity and enhances its financial structure.
Law No. 31661: Temporary flexibility in the required investment amount to qualify for the regime.
Requirement: A tourism project must commit to an investment of at least USD 2 million, down from the previous minimum of USD 5 million.
Law No. 30309: Tax benefits that encourage scientific research, technological development, and technological innovation (R+D+I).
Allows for a deduction of up to 240 % of the expenses incurred in developing Research, Development, and Innovation (R+D+I) projects from the company's income tax.
Facilitating the opening of financial institutions with 100 % digital branches
Fintech financial institutions, exchange houses, among others, will be allowed to have 100 % digital offices, and it will no longer be necessary for them to have a physical location to operate in the country.
Case studies
Globant
Globant offers digital and cognitive transformation services. Founded in 2023 and headquartered in Luxembourg, the company was previously based in Buenos Aires until December 2012.
“There is a global trend in the industry with high demand for technology profiles, and Peru is a rich source of talent. With this expansion, we aim to continue providing opportunities wherever talent is found, enabling more people to access careers with global potential from their cities of origin.”
Ignacio Iglesias, General Manager.
Project data
Date of investment September 2021
Invested capital USD 45.7 million
Jobs generated 500
Sector High technology
Country of origin Luxembourg
Destination Department Lima
Type of investment Expansion
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