ABOUT PERU

Amongst all the countries in South America, Peru is a diverse country located on the Pacific coast, renowned for its ancient Inca heritage, including Machu Picchu, its Andean mountains, arid coastal plain, and Amazon rainforest. The capital of Peru is Lima, which is also its largest city and the economic, cultural, and political center of the country. According to the report of the World Bank, Peru has been classified as an Upper Middle-Income Economy. The currency of Peru is the Peruvian Sol (PEN). At the time of writing this article (Wednesday, June 11, 2025), the value of 1 Peruvian Sol is approximately 22.25 Indian Rupees. The population of Peru is estimated at approximately 3.46 crores as of 2025. The neighboring countries of Peru are Ecuador, Colombia, Brazil, Bolivia, and Chile. The official and most commonly spoken language in the country is Spanish, with Quechua and Aymara also recognized as official languages in regions where they are prevalent. The majority of the Peruvian population practices Catholicism, but other Christian denominations and other religions are also followed. Peru has 5 international airports, with Jorge Chávez International Airport (Lima) being the largest and busiest, offering extensive air connectivity to various parts of the world. With its extensive coastline along the Pacific Ocean, Peru boasts several major commercial seaports such as Callao (the largest), Paita, and Matarani, which are crucial for its extensive international trade requirements.

The corporate income tax rate for companies in Peru is 29.5%. Opesh Group of companies will be helping you in completing the Due Diligence process which includes financial planning, registration process, business options, and if required, even helping you find a Rental property for your office.

Establishing a business in Peru has to be done with utmost care, keeping in mind the laws of the country. The Peruvian General Corporations Law (Ley General de Sociedades) and other relevant legislation provide clear guidelines for foreign investors to register a company in Peru. Foreign investors can form various types of companies, such as a Sociedad Anónima (S.A. – Stock Corporation), Sociedad de Responsabilidad Limitada (S.R.L. – Limited Liability Company), or a Branch of a foreign entity. A Sociedad de Responsabilidad Limitada (S.R.L.) formed and registered in Peru generally allows foreign investors to own 100% of the company.

In case an investor is planning to establish an S.A. or S.R.L. in Peru, Opesh Group will be helping you in taking the right decision for setting up your business in Peru and we will also guide you about how to follow the procedure while formulating your company in Peru.

Types of Business which can be started in Peru-

Mining – Peru is one of the world’s leading mining countries, being a top producer of copper, gold, zinc, silver, lead, and tin. This sector offers substantial opportunities for exploration, extraction, processing, and the development of mining technology and services. The Peruvian mining sector expects significant investment in the coming years. Agriculture and Agro-industry – Peru’s diverse climate zones allow for a wide range of agricultural products, including various fruits, vegetables, coffee, and superfoods like quinoa. Opportunities are strong in modern farming, organic production, food processing, and exporting value-added agro-industrial products. Tourism – Peru is a major global tourist destination, primarily due to Machu Picchu, but also its rich cultural heritage, diverse landscapes (Andes, Amazon, coast), and gastronomy. Opportunities abound in hospitality (hotels, resorts), specialized tourism (adventure, cultural, eco-tourism), and related services. Fisheries and Aquaculture – With its rich marine resources along the Pacific coast, Peru is a significant global producer of fishmeal and fish oil. Opportunities exist in sustainable fishing, aquaculture (e.g., shrimp, scallops), and seafood processing for export. Energy Sector (Oil & Gas, Renewable Energy) – Peru has oil and natural gas reserves, and there’s a growing focus on diversifying its energy matrix with renewable sources like hydropower, solar, and wind power. Opportunities exist in exploration, production, and renewable energy project development. Infrastructure and Construction – There is a continuous need for investment in infrastructure development, including roads, ports, airports, and urban development, especially to support economic growth and integrate remote regions. Opportunities exist in large-scale construction projects and public-private partnerships (PPPs). Information Technology (IT) and Digital Services – Peru’s IT sector is developing, with increasing demand for digital solutions and services across various industries. Opportunities can be found in software development, IT outsourcing, e-commerce, and digital transformation. Financial Services – Lima is a growing financial hub in Latin America, with a developing financial services sector. Opportunities exist in fintech, investment services, and insurance.

Advantages of Starting Business in Peru-

Peru boasts a robust and stable economy, attributed to its abundant mineral resources and growing diversification into other sectors. The country has investor-friendly policies, including legal stability agreements that protect foreign investors’ interests, and provides fiscal stimulus for public investments. Peru’s strategic location on the Pacific Ocean facilitates trade with the United States and Asia, and its central South American position allows for easy business with other Latin American countries. It has an extensive network of Free Trade Agreements (FTAs) with major economies, providing broad market access for Peruvian products and services. Peru offers a skilled labor force, particularly in the mining, agriculture, and services sectors. The government is committed to maintaining fiscal stability and attracting foreign direct investment. The country has diverse natural resources and a thriving tourism sector, offering varied investment opportunities.

Business Opportunities for Indians in Peru-

There are excellent and developing business opportunities in Peru for Indian investors looking to establish a presence in a rapidly growing and resource-rich Latin American market. Peru actively welcomes foreign investment and offers a diverse and expanding economy. Indian investors can explore significant business opportunities in sectors such as mining (especially copper, gold, zinc, and lithium), pharmaceuticals, information technology (IT) and software services, automotive components (two-wheelers), and agricultural products. Collaboration in these sectors can leverage Peru’s resource abundance and market access, alongside India’s technological expertise and growing demand for raw materials.

Imports & Exports-

Trade is a vital component of Peru’s export-oriented economy, with significant volumes of goods being imported and exported, largely driven by its mineral and agricultural sectors. Proper research and development are crucial to identify suitable products for import or export and to assess market revenue potential.

Major items which are exported from Peru to India-

Copper ores and concentrates Gold Phosphates of calcium Zinc and lead minerals Fishmeal Synthetic cables Grapes Molybdenum

Major items which are imported in Peru from India-

Machinery and Mechanical Appliances Pharmaceutical products Vehicles (especially motorcycles and parts) Electrical Machinery and Equipment Mineral Fuels and Oils (certain types) Plastics and Articles thereof Iron and Steel Organic Chemicals Articles of Iron or Steel Cereals (mainly wheat)

Manufacturing-

Indian companies can look into establishing manufacturing units in Peru, particularly for processing agricultural products (e.g., fruit pulp, quinoa products), pharmaceuticals, and automotive components (especially for two-wheelers), leveraging Peru’s growing domestic market and regional export opportunities.

Mining-

The mining sector is a key area for Indian investment in Peru. With its vast reserves of copper, gold, zinc, silver, and lead, Indian companies specializing in mining, mineral processing, and related technologies can find substantial opportunities for extraction, processing, and value addition. Four Indian companies have reportedly invested in mining with modest amounts.

Major Indian companies which are currently working in Peru-

Tata Consultancy Services (TCS) (IT Services) Bajaj Auto (significant presence in the two-wheeler market through assembly and sales partnerships) TVS Motor Company (growing presence in the two-wheeler market) Hero MotoCorp (presence in the two-wheeler market) Reliance Industries (potential for energy sector ties) Several Indian pharmaceutical companies (through distribution and sales, e.g., Dr. Reddy’s Laboratories, Glenmark, Cipla). Indian mining companies (some have invested, though specific names are less public).

GDP = $294.9 billion (nominal, 2025 est.) GDP Growth = 3.9% (Q1 2025 growth, expected to be positive for full year 2025) Ease of doing business rank = The World Bank’s Ease of Doing Business report has been discontinued; in 2019, Peru ranked 76 out of 190 economies. GDP per Capita = $8,810 (nominal, 2025 est.)

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