Peru Geography, Politics, Economy, and Culture

The Republic of Peru is a country in the western part of South America, bordered by the Pacific Ocean to its west. It has a diverse habitat with the Andes mountains to its north and southeast to the tropical Amazon region to its east. Although Peru was conquered by the Spanish Empire in the 16th century, its ancient history boasts the Inca Empire, the largest state in pre-Columbian America, going all the way back to the 4th millennia BCE.

As an emerging market economy with representative democratic republic governance, Peru has a high level of human development and is one of the region’s most prosperous economies. Its economic focus includes mining, manufacturing, agriculture, and fishing. Peru has a population of approximately 32 million, and Spanish is the primary spoken language, although a number of Peruvians also speak Quechua or other native tongues.

Peru is considered a megadiverse country and has over 20,000 species of plants and animals, including the puma, jaguar, and spectacled bear.

2021
April 1Maundy Thursday
April 2Good Friday
May 1Labor Day / May Day
June 29St Peter and St Paul
July 28Independence Day
July 29Independence Day (day 2)
August 30Santa Rosa De Lima
October 8Battle of Angamos
November 1All Saints’ Day
December 8Feast of the Immaculate Conception
December 25Christmas Day
  • S.A. (Sociedad Anónima)
  • Sociedad Anónima Abierta (S.A.A.)
  • Sociedad Anónima Cerrada (S.A.C.)
  • Corporate Tax: 30%
  • Income Tax (Lowest Marginal Rate): 0%
  • Income Tax (Highest Marginal Rate): 30%
  • VAT/GST/Sales Tax: 16% (standard rate) + 2% (municipal promotional tax) + 0–118% (impuesto selectivo al consumo: liquor, cigarettes, etc.)
  • Banco Azteca (Commercial Bank)
  • BCP (Commercial Bank)
  • BBVA Banco Continental (Commercial Bank)
  • Scotiabank (Commercial Bank)
  • Interbank (Commercial Bank)
  • HSBC (Commercial Bank)
  • Citibank (Commercial Bank)
  • Santander (Commercial Bank)
  • Standard Chartered (Commercial Bank)
  • Deutsche Bank (Commercial Bank)
  • Banco Interamericano de Finanzas (Commercial Bank)
  • Banco Financiero (Commercial Bank)
  • Banco de Comercio (Commercial Bank)
  • Mibanco (Commercial Bank)
  • Banco Falabella (Commercial Bank)
  • Banco Ripley (Commercial Bank)
  • Banco del Trabajo (Commercial Bank)
  • HSBC (merger between Panama’s largest banking group Grupo Banistmo and HSBC Panama) (Foreign Bank)
  • Citibank (subsidiary of Citigroup which merged with Banco Uno and Banco Cuscatlan) (Foreign Bank)
  • Banco Bilbao Vizcaya Argentaria. (Foreign Bank)
  • Banco Atlantico Panama (subsidiary of Banco Santander) (Foreign Bank)
  • Scotiabank (Foreign Bank)
  • Interbank (Private Bank)
  • J.P. MORGAN PRIVATE BANK (Private Bank)

Aadmi can support you with your expansion to Peru. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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