Peru

With an average growth rate of 5.9% over the past decade, Peru’s economy has consistently outperformed most regional neighbours. Politically, the country has recently emerged from a period of instability and security concerns to rank among the top investment destinations in the developing world. That said, corruption continues to be a concern...

Peru has had several so-called tax reforms over recent years. One could argue, however, that this has not been the case. During the Ollanta Humala administration, the progressive reduction of the income tax for businesses was enacted from the 30% rate that was in force until 2014, to 26% in 2019, going through 28% and 27% in between....

A raft of ongoing tax reforms is expected to focus largely on expanding the country’s tax base and curtailing tax evasion. There are five different types of corporations typically used by investors for the development of business activities in Peru that are regulated by the General Corporate Law (GCL).

Known as the sport of kings due to its claimed royal Hawaiian origins, surfing has become as intrinsic to Peruvian culture as ceviche, pisco or creole music. Historical evidence suggests that between 3500 to 4000 years ago the Mochica and Chimú cultures were the first, in what today is known as Peru, to incorporate the Pacific Ocean...

NOVOTEL LIMA Av. Víctor Andrés Belaúnde 198, San Isidro T: (+51) 1 315 9999 h6339-re1@accor.com www.novotel.com Rooms: 208 rooms, including 2 suites. Business & Conference Facilities: Business centre, 7 meeting rooms for up to 280 people with audio/visual equipment and Wi-Fi. Health & Leisure Facilities: Pool, gym and sauna. Guest Services: Laundry, 24-hour room...

ETIQUETTE: Given Peru’s rich historical and ethnic heritage, its culture is diverse and varies from region to region. Peruvians are generally polite and friendly, and strong friendships often go a long way in opening doors and securing opportunities in the business world. Standard business attire is the...