Managing Director Walter Gutsch looks at Peru's
capacity to simplify the process for multinational organisations
doing business in the country.
When the 2014 TMF Group Global Benchmark Complexity Index was
released in January, Peru figured highly at 16th most complex
jurisdiction in the world.
And it's true that Latin-American countries are prominent in
this kind of ranking, almost inevitably, since most have legal
systems and infrastructure levels that are still growing. But
improvement is not impossible, considering that Peru was at No 3
last year.
It is relevant to highlight that Peru is developing some
projects with the purpose of simplifying its business processes.
For example, Peru offers both foreign and national investors legal
and tax stability agreements to stimulate private investment. These
agreements guarantee that the statutes on income taxes,
remittances, export promotion regimes (such as drawbacks, or
refunds of duties), administrative
