When international restaurant consulting firm Baum+Whiteman released its predictions for the hottest dining trends of 2012, it issued a special warning: “You better get to Lima and Cuzco before they’re overrun by foodies!” Actually the more adventure-minded have been flocking to Lima for years, filling up the reservations of the city’s premier...
Demand for a return to simpler, healthier and less chemically dependent food has led to the creation of a niche market in the agricultural sector: organic farming. Peru has become one of the world’s leading exporters of organic food, bringing in hundreds of millions of dollars in export revenue each year from more than 40,000 certified organic...
According to the economic climate index (ICE) compiled by the Economic Research Institute of the Munich University (IFO) and The Getulio Vargas Foundation of Brazil (FGV), Peru ranked as the second-best economic climate. In the near term, private investment in Peru may reach its highest level in 25 years. Because of these indicators, it is important...
Foreign tourism is not the only segment that is important for industry growth. With a steadily rising middle class capable of spending more on leisure holidays, Peru is seeing an increase in local travel. The Export and Tourism Promotion Agency (PromPerú) estimates that Peruvians travelled 20% more throughout the country in 2011 than they did in...
CORPORATE INCOME TAX: Companies incorporated in Peru are considered as domiciled entities for income tax purposes and, therefore, are subject to income tax at a rate of 30% on net taxable income determined on a worldwide basis. Branches, agencies and permanent establishments incorporated in Peru of non-...
Plans to modernise and expand the IT industry by the government, and generally improve internet connectivity throughout the country, are beginning to take shape. The multi-pronged approach aims to tackle technological issues across the nation by developing e-governance and lowering computer and laptop costs. Ranked 69th out of 142 counties surveyed...
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