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

Cell phone towers, symbolizing foreign investment in technological infrastructure

USD

Millions of FDI in the sector.

Photo: Shutterstock

Source: fDi Markets (2024)

3D printer fabricating a denture, symbolizing an innovative technological project

Projects in total.

Photo: Shutterstock

Source: fDi Markets (2024)

Professional working with a high-tech drone in agriculture

Jobs generated

Photo: Shutterstock

Source: fDi Markets (2024)

Potentials in high technology

Map of Peru with jobs in the High Technology sector

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)

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

Photo:

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

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