Doing Business in Latin America and the Caribbean: Peru

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Peru is located on the central western coast of South America. Peru’s population is around 26 million people, with 52% of them living in the coastal region, 37% in the Andes and 11% in the Amazon region.

Peru has a single, representative, decentralized government. It is divided politically into regions, departments, provinces and districts.

The president of the republic is the chief of state and is elected for a five-year term. Legislative power is centered in a unicameral congress with 120 congressmen elected every five years at the same time as the president. Power over the administration of justice is held by the courts.

Peru’s Gross National Product has increased constantly during the last years. In 2010, it increased by 6.92%, reaching USD176 billion by December of that year. As of 2012 third quarter, GNP increased by 6.15%, with a 7% to 9% growth expected for 2013.

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Tax

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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