Doing business in Peru in 2022

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The global economy has rebounded from the collapse of 2020. However, economies worldwide are facing a slowdown in growth due to new variants of COVID-19, inflation and demographic problems in countries experiencing labour shortages.

Nevertheless, between political crises that are beginning to resolve and a pandemic still upon us, 2021 ended with relatively optimistic forecasts in the field of economic recovery. The World Bank forecasts a 3.2% growth for the Peruvian economy, one of the best projections in the region, is expected to see its growth reduced to 2.6%.

Peruvian’s GDP rebounded because of the gradual recovery of the domestic demand and the improvement in the external environment since Peru’s economy is sustained by the high price of raw materials such as gold, copper and oil. In addition, a series of actions taken by the government to improve the prospects of employment recovery, like the long-awaited acceleration of the vaccination process, would help reduce the shadow COVID-19 casts over growth prospects.

This context, added to the stability offered by current regulations, makes Peru an ideal setting for investment and business development. Doing business in Peru contains detailed and reliable information on the major macroeconomic, tax, corporate, labour and social security matters about Peru. We are confident that this content will be helpful for both investors looking to enter our market and those already present.

PwC has over 95 years of uninterrupted presence in Peru and significant experience providing audit, tax and advisory services through its multidisciplinary teams and latest technology, which is always at your service to assist your organization in accomplishing its business objectives.

 

 

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