Investor services

Peru is a country that facilitates investment in the region, offering a variety of incentives for foreign investment.

• The Peruvian government has put in place a favorable legal framework to support the installation and growth of investment in the country. This framework is evidenced in the Political Constitution of Peru, Legislative Decree 662 (which establishes a legal stability regime for foreign investments), and Legislative Decree 757 (which establishes a framework law for the growth of private investment). 
• General sectorial incentives. These include the Income Tax Reduction of up to 240% for companies that develop Research, Development or Innovation (R&D&I) projects (Law 30309), the Special Regime for the Advance Recovery of IGV (RERA), accelerated depreciation for buildings and constructions, equipment and others, and the Special Economic Zones regime. 
• Incentives tailored to specific sectors. In terms of tax benefits, for instance: The Amazon Investment Promotion Law offers reduced income tax rates from 5% to 10%, as well as exemptions in the agricultural sector. The Agricultural Labor Regime and Incentives Law provides special treatment for income tax, depreciation, tax credits, and IGV refunds for the agricultural, irrigation, agro-export, and agro-industrial sectors. Law No. 31556 reduces the IGV for hotels, restaurants, and tourist lodging to 8%. 

The IGV refund program is designed to support businesses in the pre-operational stage of a project, defined as a period of at least two years, by providing financial assistance for the import of goods and services, as well as the local acquisition of intermediate goods, capital goods, and construction contracts. The program is available for investment commitments of at least USD 5 million, excluding IGV, and is applicable to businesses in the agricultural sector as well. As of 2021, investment commitments exceeding USD 49 billion have been registered.

Source: PROINVERSION, 2022

Analysts project that Peru's GDP will expand by 0.9% in 2023 and 3.0% in 2024.

Source: Central Reserve Bank of Peru, 2023

In 2022, Peru's GDP per capita reached S/27,945.6 (USD 7,330), representing a 7.2% growth compared to the previous year.

Note: The average exchange rate for 2022 has been used.

Source: Central Reserve Bank of Peru, Annual Report 2022

The inflation forecast for 2023 is 4.1%, while for 2024 it is 3.0%. This last figure would place inflation back within the range of the Central Bank of Reserves' inflation targeting scheme (between 1% and 3%). It is worth noting that, as of September 2023, Peru maintains one of the lowest inflation rates in Latin America.

Source: The Central Reserve Bank of Peru (2023).

Over the past decade (2013-2022), Peru has received a total of USD 65,081 million in foreign direct investment (FDI) inflows, according to the BCRP. By 2022, there was a notable recovery, with FDI inflows reaching USD 10.8 billion.

Source: Central Reserve Bank of Peru, 2023

Considering the period 2003-2023, the five (05) countries with the highest committed amount of foreign direct investment in Peru were:

Source: fDi Markets, August 2023

In 2022, the highest historical value in the amount of exports was recorded, reaching a total of USD 63.7 billion (an annual increase of 4.6%) through the export of 4,972 different products by 9,137 companies.

Similarly, exports for the period between January and August 2023 reached a value of approximately USD 41.2 billion.

Peru is a global and regional frontrunner in the export of value-added products.

Source: Infotrade - PROMPERÚ, 2023.
Peru Export Results, PROMPERÚ, 2023.

The time required to incorporate a company in Peru may vary depending on the nature of the company in question. However, it is important to note that Peru ranks first in the region in terms of the time it takes to register a business property, with an average of only 9.5 days, compared to the regional average of 41.5 days. Additionally, Peru ranks fourth in the region in terms of the number of procedures required to register a company.

Source: fDi Benchmark, 2023

At the regional level, Peru is regarded as a country with a favourable business environment, as evidenced by the following: 

• The benchmark interest rate (7.25%) remains one of the lowest in Latin America, as of October 2023.
• In September 2023, Peru will be the second Latin American economy with the best country risk (according to JP Morgan's EMBI indicator), a trend that has been evident in recent years.
• Peru offers a safe investment environment and is currently the second country in the region with the best credit rating.
• In the LATAM region, Peru ranks second in the Logistics Performance Index (LPI), prepared by the World Bank, with a rating of 3.0 in 2023. This rating is above the LATAM average.
• Peru's public debt will remain the lowest among comparable economies in Latin America and emerging countries.

Source: Central Reserve Bank of Peru, 2022; Macro Data, 2023; World Bank; Central Reserve Bank of Peru, 2022; International Monetary Fund, 2022.

The latest figures show that employment at the national level has grown by 1.7% in August 2023 compared to the same month in 2022, with over 5.7 million formal jobs created.

Source: BCRP Data - Employment

Additionally, Peru has received notable recognition for its performance and human capital:

• In the Pillar "Growth," which measures indicators related to formal education, lifelong learning, and access to growth opportunities, Peru is positioned within the top three countries in Latin America and the Caribbean, surpassing Argentina, Brazil, and Uruguay. This is according to the Global Talent Competitiveness Index (2022).
• The most important characteristics that contribute to Peru's success are its emphasis on lifelong learning and access to growth opportunities.

Source: The Global Talent Competitiveness Index (2022)

• Peru is classified as a moderate English proficiency country according to the English Proficiency Index 2022, ranking above countries in the LATAM region such as Mexico, Colombia, Ecuador, and Brazil.

Source: EF English Proficiency Index (2022)

• In the mobile quarter of Metropolitan Lima from July to September 2023, the Economically Active Population (EAP) grew by 3.5% compared to the same period in 2022. Furthermore, 51.4% of the population has a higher education qualification.

Source: Instituto Nacional de Estadística e Informática, Situación del Mercado Laboral en Lima Metropolitana (2023)

To obtain information about investment opportunities in Peru, we recommend that you explore the CONTACT section, where you will find a form to fill out according to your type of inquiry. Please select the Investor Assistance option from the drop-down menu. Additionally, you may contact our Commercial Offices of Peru Abroad (OCEX) at PROMPERU, where our specialized counselors will be pleased to provide guidance and personalized advice regarding investment opportunities in the country.
 

To obtain information on the procedures for the creation of a company in Peru, we recommend you to visit the FACILITATION TOOLS subsection within INVESTOR ASSISTANCE, where you will find a basic manual for foreign investors and companies “HOW TO CREATE A COMPANY IN PERU”. For more information, please contact us by filling out the form below.

Promperú provides comprehensive information services and pre- and post-establishment assistance to foreign investors, offering guidance on legal, regulatory, immigration, environmental, intellectual property, and tax matters. Furthermore, it facilitates connections with suppliers and key players in Peru, and provides support for the installation and development of projects in the country, as well as assistance for the continuity of long-term foreign direct investment (aftercare). To request further information, please complete the form below.