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In this page: FDI in Figures | Why You Should Choose to Invest in Peru | Procedures Relative to Foreign Investment | Investment Opportunities


FDI in Figures

In a context where global foreign investment increased by 10.9% in 2013, in particular in Europe (+25.2%) and in Latin America (+17.5%), FDI flows to developing economies reached a new high of US$759 billion. However macroeconomic fragility and policy uncertainties are driving investors to caution.

After having attained a record level in 2007-2008, the FDI flows into Peru fell in 2009, under the effect of the global recession. Nevertheless, they rebounded in 2010 and the following years, stimulated by the region's growth. Thanks to its attractive legislative and fiscal framework and a dynamic mining sector, Peru continued to attract FDI in 2013. It is now a leader amongst the South-American receptors of FDI, behind Chili but ahead of Argentina with FDI influx reaching USD 12 billion in 2012. The strong appetite of foreign investors continues, with a $70 billion investment expected over the next five years, including $42 billion in the mining sector alone.

Peru's FDI come primarily from Spain (the largest investor), the United States and Great Britain. The sectors that attract most of  FDI in 2013 were communications (about one third of the total), industry, finances and the mining industry. Peru's most appealing points in terms of FDI are the low cost of wages compared to the developed countries and the non-restrictive policy concerning dividends. However, the Peruvian authorities must look into reducing customs barriers, making their tax legislation more flexible,  improving the efficiency of public institutions as well as strengthening the rule of law, in order to keep the country attractive to investors.

Information on the 2013 FDI influx in this region can be accessed in the Global Investment Trade Monitor published in January 2014 by the United Nations Conference on Trade and Development (UNCTAD).


Country Comparison For the Protection of Investors

  Peru Latin America & Caribbean United States Germany
Index of Transaction Transparency* 9.0 4.0 7.0 5.0
Index of Manager’s Responsibility** 6.0 5.0 9.0 5.0
Index of Shareholders’ Power*** 6.0 9.0 5.0
Index of Investor Protection**** 7.7 5.0 8.3 5.0

Source: Doing Business - Last Available Data.

Note: *The Greater the Index, the More Transparent the Conditions of Transactions. **The Greater the Index, the More the Manager is Personally Responsible. *** The Greater the Index, the Easier it Will Be For Shareholders to Take Legal Action. **** The Greater the Index, the Higher the Level of Investor Protection.

Foreign Direct Investment 201120122013
FDI Inward Flow (million USD) 8,23312,24010,172
FDI Stock (million USD) 51,20863,44873,620
Performance Index*, Ranking on 181 Economies 17--
Potential Index**, Ranking on 177 Economies 36--
Number of Greenfield Investments*** 613872
FDI Inwards (in % of GFCF****) 17.521.517.7
FDI Stock (in % of GDP) 28.331.035.6

Source: UNCTAD - Last Available Data.

Note: * The UNCTAD Inward FDI Performance Index is Based on a Ratio of the Country's Share in Global FDI Inflows and its Share in Global GDP. ** The UNCTAD Inward FDI Potential Index is Based on 12 Economic and Structural Variables Such as GDP, Foreign Trade, FDI, Infrastructures, Energy Use, R&D, Education, Country Risk. *** Green Field Investments Are a Form of Foreign Direct Investment Where a Parent Company Starts a New Venture in a Foreign Country By Constructing New Operational Facilities From the Ground Up. **** Gross Fixed Capital Formation (GFCF) Measures the Value of Additions to Fixed Assets Purchased By Business, Government and Households Less Disposals of Fixed Assets Sold Off or Scrapped.

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Why You Should Choose to Invest in Peru

Strong Points
For five years Peru has experienced sustained growth, which rests on an external growth environment, on exports and domestic demand, which has benefitted from the combined rise in household consumption and public investment. Dynamic activity, sound economic policy, and the successful management of debt, have allowed Peru to show very good results in terms of a strong macro-economic balance, and to regain investor and market confidence. Peru enjoys well directed external demand and the good performance of the raw material prices, of which it is a substantial producer.
Weak Points
If the Peruvian economy's prospects are favorable in the short term, the sustainability of the present growth is conditioned by Peru's capacity to define a medium term development strategy. With growth highly concentrated on the primary sector and in the agricultural exporting regions, it has only marginally contributed to redressing a difficult social situation. The main source of vulnerability is a permanently high level of poverty and under-employment, caused by a growth that is too dependent on a strongly capitalist mining sector. 


Growth is dependent on an external environment which up to now has been favorable, as domestic demand is not yet able to take over from a possible reduction of external demand or from the prices of raw materials. Peru also suffers from a great lack of infrastructures, and the institutional capacity of the country has not improved significantly over the last few years. Moreover, the progress of employment is too concentrated in the most dynamic areas and in the informal sector. The lack of efficiency and means of public policies is manifest in the permanently high poverty rate.

Government Measures to Motivate or Restrict FDI
The Peruvian government is trying to attract foreign investors in all sectors of the economy. During the 1990s, the Peruvian government encouraged the stabilization of the economy and promoted liberalization policies by dropping customs barriers and opening the economy to foreign investors. In April 2002, the government established PROinversion, the sole representative of current and future investors, which took part in the privatization of public companies and industries based on natural resources. In addition to the 1993 Constitution, there are laws in Peru concerning foreign investment, including the 1991 Promotion of Foreign Investment Law and the Framework Law on the Growth of Private Investment 1991.

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Procedures Relative to Foreign Investment

Freedom of Establishment
Peru signed the constituent agreement of the International Center for Settlement of Investment Disputes (ICSID). Foreign investment in Peru is governed by the law on the promotion of foreign investments and its decree-law n°662 of 1991, which establishes, as a basic principle, the equal treatment of national and foreign capital.
Acquisition of Holdings
A majority holding interest in the capital of a local company is legal in Peru.
Obligation to Declare
To be recognized and be able to benefit from the provisions of the legislation in force, the considered investment must, once carried out, be registered with Proinversion, but this formality is only compulsory when there is an agreement on legal stability.
Competent Organization For the Declaration
Peruvian Agency for the promotion of investment.
Requests For Specific Authorizations
Foreign capital can be invested in all sectors of economic activity without prior authorization, with the exception of a few sectors, such as the press, or implantations in border zones.

Learn more about Foreign Investment in Peru on, the Directory for International Trade Service Providers.

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Investment Opportunities

Investment Aid Agency
Invest in Peru
Tenders, Projects and Public Procurement
Tenders Info, Tenders in Peru
Inter-American Development Bank, Tenders in South America
Globaltenders, Tenders & Projects from Peru
DgMarket, Tenders Worldwide
Other Useful Resources
Official investment agency (In Spanish)
Econolatin: Statistics on Peruvian investment

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Learn more about Investing in Peru on, the Directory for International Trade Service Providers.

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Last Updates: January 2015