doing business in peru. potential of peru
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Doing Business Doing Business in Peruin Peru
PotentialPotential of Peru of Peru
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Inhabitants: ~ 28.674.000Area of Peru: 1.285.220 km² (496.226 square miles)Official Currency: Nuevo Sol (PEN). Spoken languages: Spanish, Quechua, AymaráBorders: With Bolivia, Brazil, Chile, Colombia, EcuadorCapital: LimaTypical products: fish and fish products, gold, copper,
zinc, petroleum, coffee, sugar, cottonVoltage: 220 V / 60 HzTelephone prefix number: Peru phone country code +
+51Time Zone: GMT/UTC -5
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Toromocho US$ 2,000/2,200 mill.
2010-2012Río BlancoUS$ 1,440 mill.
2011-2012
BayóvarUS$ 479 mill.
Cajamarquilla: Ampliación de Refinería de Zinc
US$ 500 mill.2007-2009
SouthernTía María y Ampliaciones Toquepala, Cuajone y Refinería
US$ 1,174 mill.2008-2011
Las Bambas US$ 1,000 mill.
2011-2012
QuellavecoUS$ 1,000 mill. (aprox.)
2011-2013
Los ChancasUS$ 1,000 mill.
2013-2015
La GranjaUS$ 1,000 mill.
2012-2014
Minas CongaUS$ 1,000 mill.
2010-2015
MichiquillayUS$ 700 mill.
2012
Cerro CoronaUS$ 421 mill.
2008
Galeno US$ 900 mill.
2010-2015
Mining: Several Megaprojects Mining: Several Megaprojects
Source: Gestión, Empresas, Proinversión and others. Done by: Macroconsult.
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Peru LNG: Liquefaction plant. Transportation of
natural gas and investment in field
US$ 3,800 mill.Hasta 2010
Gas and oil: New Gas and oil: New developmentsdevelopments
Perenco (ex Barrett) Lote 67 Marañón River US$ 1,600 mill.
2008-2010
North of Peru Oil Duct US$ 800 mill.
2010-2011
Refinery of Talara Modernizatión US$ 1,000 mill.
2009-2011
REPSOLLa Pampilla
Modernizatión US$ 450 mill.
2009-2012
Additionally:
Investment engagements in oil lots already awarded by more than US$ 1,000 mill. (2008-2012)
REPSOL Lots 39, 57, 76, 90, 103, 109 Exploración,
Processing plant and duct US$ 1,000 mill.
2008-2015
Source: Gestión, Empresas, Proinversión and others. Done by: Macroconsult.
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CF Industries Basic Oil & Quemistry
US$ 1,000 mill.2012-2013
Oil & Quemistry: Expansion Oil & Quemistry: Expansion based in Camisea based in Camisea
ProtexaBasic Oil & Quemistry
US$ 500 mill.2012-2013
Additionally:1.Enaex - Fertilizer US$ 400 mill. (2012-2013)
2.Premium Oil US$ 1,000 mill. (2013-2015)
Source: Gestión, Empresas, Proinversión and others. Done by: Macroconsult.
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Real State & RetailReal State & Retail
Falabella Group2008-2011: 31 Tottus2008-2011: 5 Mall Plaza
Ripley:2008: 4 tiendas2009: 2 tiendas
Parque Arauco US$ 150 mill. (2008 -2009)
Investments Wong GroupNational wide US$ 80 mill. (2008)
Jockey Plaza US$ 100 mill. (2008-2010)
Supermercados Peruanos US$ 50 mill. (2008)
Terra Mar ProjectsPiedras Gordas
US$ 750 mill.2008-2018
ColliqueUS$ 150 mill.
2009-2012
Graña y Montero: Los Parques del Agustino
US$ 57 mill.2008
Adicionally:
More than US$ 110 mill. in Lima (3 projects), Cusco y Arequipa.
Source: Gestión, Empresas, Proinversión and others. Done by: Macroconsult.
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Ground TransportationGround Transportation
Road Network N°3 Interoceánica Sur (Inambari-
Iñapari) US$ 142 mill.
2008
Road Network N°5 Interoceánica Sur (Ilo-Matarani-Azángaro)
US$ 184 mill.2008-2009
Road Network N°1 Interoceánica Sur (Marcona-
Urcos)US$ 99 mill.
2008
Road Network N°2 Interoceánica Sur (Urcos-
Inambari) US$ 93 mill.2008-2010
Hub Amazonas CentroUS$ 160 mill.
IV 2008
Road Network N°4 Interoceánica Sur (Azángaro-
Inambari) US$ 120 mill.
2008
Proyecto tren eléctricoUS$ 280 mill.
IT 2008
Road Network N°6 (Pucusana-Cerro Azul-
Ica) US$ 183 mill.
2007-2010
Road Network N°4 (Pativilca – Santa –
Trujillo)US$ 150 mill.
IIIT 2008
Source: Gestión, Empresas, Proinversión and others. Done by: Macroconsult.
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Ports & AirportsPorts & Airports
Ancón - Terminal of containers and bulk
cargo. 2008-2010
South DockUS$ 617 mill.
2008-2011 -2015
Mining Terminal Counter
US$ 80 mill. 2008-2010
Dock No. 5US$ 100 mill. (aprox.)
2010
Chancay Terminal of Bulk cargo, Minerals & Terminal of
Containers2010-2011
Paita Terminal portUS$ 160 mill.
IIIT 2008Adicionalmente:
1.Equipment Enapu: US$ 193 mill.
(2008-2010)
2.Regional Airports- 1st group: US$
135 mill
3.Regional Airports – 2nd group:
US$ 155 mill (IVT 2008)
Ilo Port TerminalUS$ 100 mill.
IIIT 2008
International Airport of Cuzco2012-2015
Végueta Terminal of MineralsUS$ 40 mill.2008-2010
Source: Gestión, Empresas, Proinversión and others. Done by: Macroconsult.
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Key PointsKey Points
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SUNAT administrates following taxes:
Income Tax.- 30%.- Tax payers make monthly advance payments calculated in a % of the monthly incomes and liquidate at the moment of the presentation of tax declaration in March following year. There are more specifications depending on the industry. “Income Tax Code” regulates all transactions.
Monthly Sales Tax 19%.- It is a system that tax the consume. Tax payers apply the 19% over the sale or purchase of goods and pay the difference to SUNAT if sales tax is bigger than purchase tax. On the contrary, there will be a credit tax on behalf of the tax payer that will be applied to the next month Sales tax calculation. There are more specifications depending on the industry. “Sales Tax Code” regulates all transactions.
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Import Duties.- It is a percentage applied to the import of goods: 12% of the customs value. “Customs Code” regulates all operation.
Dependant work income tax.- 15% of monthly salary. With scales depending on the income level. Regulated by Income Tax Code.
Independent work income tax: 10% Professional services. Regulated by Income Tax Code.
Tax on rental property: 6%. Regulated by Income Tax Code.
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SUNARP regulates all property rights issuing the corresponding registration.
CENTRAL BANK OF RESERVE control the liquidity into the system and could intervene to take care of financial emergency situations.
JUSTICE SYSTEM administrantes Justice through the Supreme, Superior and Specialized Courts.
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EFFICIENT BANKING SYSTEM.-
STOCK EXCHANGE INSTITUTION.
STRONG PENSION FUNDS INSTITUTIONS.
CHAMBERS OF COMMERCES SPREAD AROUND THE COUNTRY.
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Our office Our office
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As a leader consultancy firm located in Lima we are used to handle every project as a business challenge.
During all these last 19 years of experience we have received a good range of job requests from national and multinational organizations.
Our expertise is based on Accounting, Taxing, Auditing, Human Resources Outsourcing.
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Our team is continuously trained in a program called “Permanent Training Program” so that our partners and associates are always ready to respond with precision and certainty.
Our organizational structure is based on “Delegation of Responsibility” to our staff always supervised by more experienced members of our firm to ensure that all queries and needs are properly cleared and satisfied respectively.
We are very aware of your financial needs: having the
right information at the right time. We support our clients on the issuance of the “Financial Reporting Package” to be correctly issued into the first five days of each month as a policy of high priority from our clients.
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