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ARTICLE · 23 JULY 2024

Top 10 Challenges Of Doing Business In Peru

Due to macroeconomic stability and a favourable trade environment, Peru offers attractive investment opportunities across a wide range of industries.

PeruCorporate/Commercial Law

Due to macroeconomic stability and a favourable trade environment, Peru offers attractive investment opportunities across a wide range of industries. However, despite advantages such as a robust financial system, the country faces ongoing challenges that can affect the ease of doing business.

Peru's economy has some of the greatest growth opportunities in the Latin American region. Despite the country experiencing a declining growth rate since 2021 that was exacerbated by the extended impact of COVID (13.6% followed by 2.7% in 2022 and 0.4% in 2023), the Ministry of Economy and Finance predicts a significant upturn of 2.9% in 2024.

Peru offers a favourable legal framework for foreign investment and a business-friendly environment characterised by prudent economic strategies (World Bank, 2023). Peru's main industries include mining, agribusiness, fishing, energy, tourism and the real estate sector.

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