4 minutos de lectura 11 oct. 2023
Peru's Business and Investment Guide

Peru's Business and Investment Guide 2023

Por Paulo Pantigoso

Country Managing Partner, EY Perú

Managing Partner de EY Perú, enfocado en generar valor y en la construcción de un mejor mundo de negocios para nuestros clientes, nuestra gente y nuestra comunidad.

4 minutos de lectura 11 oct. 2023
Temas relacionados Emprendimiento Propósito

Peru's Business and Investment Guide 2023 is a tool for national and foreign investors, providing key information on the country's current situation.

Peru is one of the countries in Latin America that stands out for its macroeconomic stability, which is one of the nation's most important pillars of competitiveness. Almost uninterrupted economic growth, except for COVID-19, over the past 23 years, until 2022 has consistently contributed to the improvement of infrastructure, the development of human capital, the adoption of new technologies and the standard of living of all Peruvian citizens. Additionally, a policy of being open to the international market through multiple commercial agreements complements the legislation that is favorable to private domestic and foreign investment.

The recognition of Peru's solid macroeconomy is based on low inflation (at the close of 2023, there will be 26 consecutive years of single-digit inflation), international reserves equivalent to 29.4% of GDP, controlled fiscal deficit (an average of 3.4% of GDP over the past five years, and an estimated 1.6% at the close of 2023), and public debt that is estimated not to exceed 33% of GDP at the close of 2023, well below the average of the rest of emerging countries in the world (65.0%) and in the region (69.4%). Additionally, 2023 closes with an estimated trade surplus of more than USD 14.3 billion.

At EY we reaffirm our commitment to the development of Peru, as well as to the building of a better world for business. We invite you to review this Guide hoping that reading it will be useful in discovering new initiatives. We are at your disposal for any assistance you may require
Paulo Pantigoso
Country Managing Partner, EY Perú

Major credit rating agencies such as Moody’s, S&P Global Ratings, and Fitch Ratings have highlighted the suitability of the fiscal measures taken by the Peruvian government in an adverse public health and economic climate context.

One of the Peruvian government’s main strategies for fostering foreign investment has been to sign free trade agreements and bilateral investment agreements, with over twenty countries to date. These agreements not only establish a legal reference framework for investment and trade, but they also offer a series of benefits and guarantees to foreign investors, such as the stability of the rules of the game, intellectual property protection, national treatment, and preferential market access.

It is estimated that Foreign Direct Investment (FDI) will reach USD8.8 billion in 2023, focused mainly on the mining, finance, communications and energy sectors.

Peru is fully committed to trade integration as well as to the Andean Community, the Pacific Alliance, the Asia-Pacific Economic Cooperation (APEC), and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

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Click here if you want to read and download this guide in Spanish: Guía de Negocios e Inversión en el Perú 2022

Resumen

The Business and Investment Guide is a tool for national and foreign investors, providing key information on the country's current economic situation and the principal tax, legal, and labor issues, as well as on how to incorporate businesses in Peru, and general information on how to invest and do business in the country. It also contains a complete directory of Peruvian embassies and consulates abroad, as well as contacts of interest to investors.

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Por Paulo Pantigoso

Country Managing Partner, EY Perú

Managing Partner de EY Perú, enfocado en generar valor y en la construcción de un mejor mundo de negocios para nuestros clientes, nuestra gente y nuestra comunidad.

Related topics Emprendimiento Propósito