LATAM: Foreign Investors Survey 2017 ttitude Consulting
PERÚ
Greater Attractions
Economic and political stability. Gastronomy, tourism in Lima and in cities with high historical / cultural content like Cusco, Arequipa, Trujillo, Puno.
Political Risks?
Apparent( and hopefully permanent) state of political calm after the presidential election of 2016. At business level, given the known trajectory of the current president and the technical group that accompanies him, sensation of tranquility in social, economic and political issues.
Adequate Labor Laws?
The legislation neither encourages nor discourages foreign investors. Still needs major revisions to give more benefits to employees but without transferring the costs directly to employers: should attract private investment without involving high personnel costs to not discourage formality in the workplace.
Adequate Transparency and Corruption Framework?
No. Nothing has been changed with the new government and there are already cases of corruption, especially in the health sector, on which the current President has launched an anti-corruption campaign. It is too early to define whether it will have any real consequence or if it’ s just a new failed strategy.
Suitable Fiscal Framework for Foreign Investment?
No. The legislation is not defective but the competent authority( SUNAT) has no clear guidelines and objective criteria to determine clearly what should be the act of the undertakings as taxpayers.
Proper Framework for Promotion and Mutual Investment Protection?
Growing sector that has presented favorable changes and continues to evolve positively. Signed numerous bilateral treaties.
Advantages of Your country over Others in the Zone
Economic stability with strong economic growth with an impact on the social, labor and investment sides. Political stability advantage for the investor given the serious political crisis in the region( Venezuela, Brazil, Argentina recently, etc.).
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Positive Medium Risk Negative