Peru has become one of the most important countries in Latin America thanks to a wide climatic diversity, enormous territorial extension, important natural resources, trained and up-to-date population, in addition to its solid economic and industrial background.

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Description of the country's economic outlook


Certainly every day there are more foreign investors or businessmen who come to Peru attracted by its profitable productive sectors and government support to establish profitable businesses. In fact, in PERU, the non - profit association that brings together the main unions in the Peruvian market, emphasizes that its country is considered one of the main emerging markets in the world, thanks to the fact that it has managed to consolidate its economic stability and this has allowed an uninterrupted average annual growth of 4.6% of its GDP during this millennium.

This has been achieved through the different modernization and development processes that it has implemented, such as the establishment of a reliable legal framework that supports the stability of private sector activities and investment. This has also contributed to the promotion of infrastructure, the development of human capital, the adoption of new technologies and the quality of life of all Peruvians.

In this way, we can see that this nation has one of the most promising and fastest growing economies in Latin America. Peru is currently seventh among the top 20 border markets, ahead of countries like Colombia, Russia, Mexico and South Africa. It is also listed as the sixth largest economy in Latin America.

inPERU emphasizes that its nation is a strategic point with a wide range of profitable opportunities that investors and entrepreneurs from around the world can take advantage of. The agency highlights that among the main attractions that attract foreign capital are:

  • Important deposits of copper, silver, gold, lead, zinc, natural gas, oil and urea.
  • Sustained growth of the GDP of Peru that allows the population to improve their income to medium and medium-high.
  • Great variety of riches, natural and cultural climates in its regions.
  • Peru is a member of the Pacific Alliance, an organization that facilitates, among other aspects, the liberalization of the commercial exchange of goods and services, the free movement of people and capital, as well as seeking to promote cooperation mechanisms between member countries (Chile, Columbia and Mexico).
  • Adoption of the Country Program signed with the Organization for Economic Cooperation and Development (OECD) with the aim of promoting the strengthening of its public policies.

This is how Peru has become one of the most important countries in Latin America, thanks to its wide climatic diversity, its enormous territorial extension, its important natural resources, its increasingly educated and up-to-date population, in addition to its solid economic and industrial background.


Why invest in Peru


Privileged location

Peru is the third largest country in South America that with its 1,285,215.60 km2 is strategically located in the South Pacific, bordering the Pacific Ocean to the west, Chile to the south, Brazil and Bolivia to the east, and Colombia and Ecuador to the north. This nation is recognized as a regional center in the Pacific area, which consolidates the country as an effective bridge between the markets of South America, Asia and the United States, as a potential maritime and air HUB in the Port and Airport of Callao.

From a geostrategic point of view, this country is maritime due to its access to the sea with a coastline of 3,080 km, but it is also Amazonian because it shares forests and great biodiversity with its neighbors. In the same way, it is cataloged bi-oceanic due to the international positioning and projection that the Amazon River brings to the Atlantic.

In this way, Peru has a high geostrategic value given its central location and bi-oceanic condition, which are vital for establishing an important bridge for land and air communications in South America. Thanks to the 4 hydrographic basins of this nation, interconnection and commercial, industrial and population exchange abroad are facilitated. Finally, thanks to being maritime and bi-oceanic, shipping trade is established with all the continental and island countries of the Pacific and Atlantic Basins. This is vital since, according to figures from PROMPERÚ, almost 90% of the international trade of this nation is transported by sea.

It is important to highlight that, in the dynamics of trade, the sea is a vital means of communication for the fast, safe and efficient transport of large volumes of cargo.

Sustained economic growth

In accordance with ProInversión, the state agency in charge of promoting and facilitating the nation's investment, Peru is one of the Latin American countries that stands out for its macroeconomic stability, which has been essential for its competitiveness. Sustained economic growth over the last 20 years has greatly contributed to the improvement of infrastructure, the development of human capital, the adoption of new technologies and the quality of life of all Peruvians.

Given the economic policy implemented in the country 20 years ago, it has allowed it to become a rapidly expanding economy, with solid macroeconomic indicators that continue to show sustained economic growth, low inflation, low public debt pressure, free availability of foreign currency, a free float, responsible management of public finances, moderate monetary policy, reduction of poverty and trade policy to promote exports with active management of various bilateral and multilateral Free Trade Agreements. This has been one of the pillars in the promotion of private investment that has managed to boost the growth of the domestic market, jointly developing a clear policy of integration with international markets.

According to the agency, this nation expects to obtain an average annual growth of 4.4% of the GDP by 2023, taking advantage of the momentum of public investment and internal demand, as well as the growth of the mining, agricultural, construction, and manufacturing sectors. and services.

For ProInversión, the achievements made in strengthening its macroeconomic policy have allowed it to be positively recognized by risk rating agencies that have maintained Peru's credit rating at a high investment grade level in recent years; with a stable outlook, despite the current situation; while the main institutional investors maintain an appetite for Peru's sovereign bonds.

Support for foreign investment

According to the Ministry of Foreign Affairs, thanks to the execution of clear public policies, the ability to adapt and the creativity of the private sector, Peru has managed to remain an attractive destination for investors. For this reason, the government entity projects a growth of its economy of more than 10% in the coming years.

Due to the above, Peru has established a stable and attractive legal framework to promote private investment, as well as a coherent investment policy that eliminates any type of barrier that affects the investor. This nation has also established regulations to protect the economic stability of investors in the event of sudden changes in legal provisions, thus minimizing government interference in economic activities. In this way, among the main benefits for foreign investors are:

  • Non-discriminatory and equal treatment
  • Right to free competition
  • Free capital transfer.
  • Unrestricted access to most economic sectors.
  • Guarantee to private property (no expropriations or nationalizations).
  • Freedom to acquire shares from national companies.
  • Freedom of trade and industry and freedom of export and import.
  • Free possession and disposal of foreign currency.
  • Free re-export of invested capital.
  • Unrestricted access to internal or external credit.
  • Free contracting of technology and remittance of royalties.
  • Extensive network of international investment agreements and participation in the Investment Committee of the Organization for Economic Cooperation and Development (OECD).

It is important that foreign direct investments be registered with the Private Investment Promotion Agency (ProInversión).

Strong business links

The Peruvian Government has established a development strategy based on an economy open to the world and competitive in its export offer, which has allowed it to consolidate foreign trade in goods and services as an instrument of economic development and poverty alleviation.

According to the Private Investment Promotion Agency (ProInversión), Peru is a member of the following organizations:

  • World Trade Organization (WTO)
  • Asia Pacific Economic Cooperation Forum (APEC).
  • The Pacific Alliance with Chile, Colombia and Mexico.
  • The Latin American Integration Association (ALADI)
  • Member State of the Southern Common Market (MERCOSUR).
  • Andean Community (CAN)

Likewise, this nation has consolidated active commercial integration policies throughout the world and has gained access to larger and more important markets. Currently, the country has the following international trade agreements in force:

  • Peru – China Free Trade Agreement
  • Trade Promotion Agreement Peru - United States
  • Trade Agreement Peru - European Union
  • Peru-Japan Economic Association Agreement
  • Free Trade Agreement Peru - South Korea
  • Peru-Singapore Free Trade Agreement and Peru-Thailand Protocol to Accelerate the Liberalization of Trade in Goods and Trade Facilitation.
  • Economic Complementation Agreement (ACE) Peru – MERCOSUR
  • Trade Integration Agreement Peru – Mexico
  • Andean Community (CAN)
  • Peru-Canada Free Trade Agreement
  • Peru-Chile Free Trade Agreement
  • Asia Pacific Economic Cooperation Forum (APEC).
  • World Trade Organization (WTO)
  • Comprehensive and Progressive Treaty for Trans-Pacific Partnership (CPTPP)
  • Free Trade Agreement Peru - Australia
  • Pacific alliance

This South American nation has found in trade agreements a valuable instrument to attract foreign direct investment and boost the productivity of its companies. It has also achieved technology transfer through the lower cost of importing capital goods and quality inputs. These agreements have allowed the country to replicate international standards and improve its management and logistics practices.

Broad investment portfolio

The Peruvian territory is a land rich and abundant that has allowed it to be among the five most biodiverse countries in the world, since it also has 84 of the 104 life zones, known as biogeographic regions that share similar climatic parameters, such as temperature and rainfall. For this reason, it has a wide variety of ecological levels and productive ecosystems, and brings together 28 of the 32 types of climates that can be found on the planet.

Thanks to these characteristics, this country offers international investors a wide range of investment opportunities in potential sectors such as agriculture, energy, construction, tourism and hydrocarbons.

In turn, Peru has rich deposits of copper, silver, gold, lead, zinc, natural gas, oil, urea and lithium, and a legal framework that promotes private investment, which makes it one of the most attractive destinations for mining investment.

Main taxes

Below you can find some of the main taxes in Peru, if you want to know in detail the country's tax information you can download our Global Taxes App.



Corporate taxes


Tax on capital gains and dividends


General sales tax / IGV (VAT)


Inheritance and gift taxes

8% to 30%

Personal taxes

Sectors of interest and market opportunities

These are the sectors that offer the most investment opportunities in the country and that have the support of the government for their development.


Productive agriculture

The Peruvian food industry is one of the most dynamic and strategic sectors of its economy, in fact, agro-exports reached USD 6,323 million last year, showing a growth of 6.7% compared to the previous year. According to data from the Central Reserve Bank of Peru, the agricultural sector has a 3.4% share of its GDP.

For its part, InvestPerú highlights that in the last two years the agribusiness sector had direct foreign investment of USD 80.2 million, which contributed to the country's generation of 483 jobs.

According to the National Institute of Statistics and Informatics (INEI) of Peru, in August 2021 the Agricultural Production Index registered an increase of 6.02% compared to the previous year, due to the increase in agricultural and livestock production.

Given the exuberant biodiversity that exists in this country, it is possible to develop various indigenous agricultural crops that have conquered the international market, such as kiwicha, quinoa, tarwi or cañihua.

Currently there are more than US $5,000 million in exports of fresh and processed products, which go to more than 150 countries, among which the United States, the Netherlands, Germany, Spain and the United Kingdom stand out. The main exported products are grapes, coffee, asparagus, avocados, mangoes and cocoa. The State hopes to double the 100,000 hectares dedicated to agro-export thanks to the important projects of irrigation and expansion of arable land that are being carried out.

According to ProInversión, it is important to note that Peru has positioned itself as the leading producer of asparagus and organic bananas, and the leading exporter of quinoa in the world. The latter is sent to the markets of the United States and Canada. Likewise, blueberry exports during the last two years have grown by 227%.


Mining in projection

According to ProInversión, the Peruvian Private Investment Promotion Agency, the mining sector has been one of the most important for its economy, since through its mining trajectory it has contributed to the nation approximately half of the income of the country, obtained from its exports. According to the entity, as of October last year, mining exports reached USD $19,825 million.

The country's mining tradition has allowed it to rank sixth among the nations with the greatest mineral wealth in the world. Last year Peru was the second largest producer of silver, copper and zinc worldwide. It also ranked third as a producer of lead, the world's fourth largest producer of molybdenum and mercury; and the eighth producer of gold on the planet. In addition, it has a high level of reserves, a legal framework that promotes private investment and the provision of updated cadastral and geological information.

At this time there are several Canadian companies developing exploration projects in Peru, however, the prosperity of the sector has also attracted the attention of large and medium-sized companies from the United States, Australia, China and Brazil that are becoming important investors in Peru this sector.

According to the Ministry of Energy and Mines (MINEM), Peru currently has a portfolio of 64 mining exploration projects, where the total investment amounts to USD498.6 million. On the other hand, the entity expects investment in mine construction projects for next year to be close to USD56,158 million. In this way, 67.7% will be invested in copper projects and the rest will go to gold and iron projects.

Currently, around 1% of Peru's territory is being exploited for mining exploitation and exploration and only 13% has mining concessions. This opens the door to a wide range of non-metallic mineral exploitation opportunities (marble, travertine, diatomite, bentonite and borates).


Privileged tourism

Peru is undoubtedly recognized worldwide as a privileged tourist destination for its attributes of authenticity, culture, history and natural beauty, as well as the Amazon and the iconic Machu Picchu archaeological site, which was declared a World Heritage Site by UNESCO. Obviously, the tourism sector is a fundamental activity in the development of the country, since it covers different economic subsectors such as passenger transport, accommodation, food and beverage services, production, travel agencies, and commerce, mainly.

According to the Peruvian Ministry of Economy and Finance, in recent years this sector has had a great development thanks to the growing investment of prestigious international hotel chains that seek to provide greater quality, comfort and satisfaction to tourists. For this reason, the Government created the Business Support Fund (FAE) with the post-pandemic objective of contributing to the reactivation and consolidation of this important sector through a capital investment of approximately USD $2,140 million. Foreign exchange generated by tourism reached USD $4,784 million last year.

For its part, the Ministry of Foreign Trade and Tourism of Peru (MINCETUR), highlighted that the entry of foreign tourists to the country had an estimated 4.37 million foreign visitors the previous year, while internal tourism was 54.9 million the year. past. The main destinations where visitors came were Chile, the United States, Ecuador, Colombia, Argentina, Brazil and Spain.

Due to the above, it is possible to observe the great potential of Peru for investment in hotel chains, national and international air transport service and complementary services, in various tourist destinations such as Amazonas - Kuelap, Puno - Lake Titicaca, Nazca - Paracas, Cusco - Machu Picchu, Choquequirao.


Energy potential

Making investments in the energy sector of a country contributes to the growth and well-being of the population and this has been well understood by the Peruvian Government, since its territory has a great availability and wealth of water resources and natural gas, capable of supplying its energy demand and contribute to the consolidation of the sector. Currently, Peru has important projects in various energy sources such as hydroelectric and thermal power plants, as well as an ambitious project for the mass use of natural gas for the center and south of the nation that has required an investment of USD $200 million.

According to the Ministry of Energy and Mines (MINEM), the Economic Operation Committee of the National Interconnected System (COES SINAC), Peru is one of the Latin American nations with the highest rates of energy reserves measured as total power / capacity and This is a very positive aspect because it allows for more efficient electricity generation costs. This is how the nation has significant solar, wind, geothermal and hydroelectric potential with the capacity to generate more than 90 thousand MW of renewable energy.

Due to the foregoing, Peru offers excellent investment opportunities in power generation projects, among which are the construction of power plants, and distributions for improvements and expansions of power plants and electricity coverage in rural areas.



Currently, the hydrocarbon sector has positioned itself within the most attractive and profitable areas for private investment in the country. For example, last year investments in exploration and exploitation of oil and natural gas reached USD $620 million, of which USD $562 million were invested in exploration and USD $58 million in exploitation.

According to figures published by the Ministry of Energy and Mines in the Annual Book of Hydrocarbon Reserves, the country has estimated reserves of 344 million barrels of crude oil, 514 million barrels of natural gas liquids and 12 billion cubic feet of natural gas, which by combining them can be obtained approximately 2,626 million barrels of oil. Likewise, the document emphasizes that the country's hydrocarbon resources are estimated at 23,143 million barrels of crude oil, 859 million barrels of natural gas liquids and 31 billion cubic feet of natural gas, which when added together is equivalent to 29,169 million of barrels of oil.

Our advisors in Peru


Salas Rizo Patrón & Margary Abogados

Salas Rizo Patrón & Margary Abogados is a solid law firm of recognized experience in the areas of major economic importance and development in the Peruvian marketplace.


Morales & Co.

Founded in 1992, Morales & Co. is an accounting firm specialized in outsourcing services, taxes, audit, and business consulting. The firm offers the Peruvian business sector, the necessary advice and tools to effectively manage their accounting, taxes and internal control systems.