Peru is largely economically stable, thanks to reforms to trade and monetary policies effected some twenty years ago. Since these reforms, Peru has become one of Latin America´s most developed economies. With its relatively high growth, public debt below 25%, and an average inflation rate forecast between 2.2% and 2.5%, the Peruvian economy is on track for solid medium-term growth. Exports are a major contributor to the Peruvian economy.
In 2013, Peru entered into a Free Trade Agreement with the European Union allowing most European products to enter with tariffs between 0% and 2%. Among its many memberships are the Organization for Economic Cooperation and Development (OECD) and the WTO.
Incorporation takes some 26 days, though investment is encouraged by a favourable legal framework and rights for foreign investors. Though a 29.5% tax on net income and dividend tax 5% may put off some investors.
AUXADI can become your ideal investment partner in Peru. From our office, located in Lima, we offer a One Stop Shop value added Outsourcing services in the areas of Accounting and Reporting, Tax Compliance, Payroll Management and Representation services, among others.