Peru

The ISO code of Peru is PE according to the ISO 3166 standard. The local name of the country is the same as its English name. Peru capital city is Lima. People in Peru speak the Spanish, Aymara, and Quechua languages. On 25 August 1839, Peru emerged as a sovereign political entity. In the year 08/25/1839, Peru emerged as a sovereign political entity. The largest city in Peru is Lima.

Peru is located in the UTC -05:00 time zone, which is also called Peru Time or PET. The internet country code top-level domain (ccTLD) for Peru is .pe. Other domains assigned to Peru are .lat. The International dialing code for Peru is 51. People in Peru drive on the right side of the road. Total land area of Peru is 1,285,216 km² (approx. 496,222 mi²). Peru is not a landlocked country. It means that is is bordered by at least one major body of water.

Peru is located in South America. Peru is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.

Currently Peru faces various issues, including deforestation (some the result of illegal logging), overgrazing of the slopes of the costa and sierra leading to soil erosion, desertification, air pollution in Lima, pollution of rivers and coastal waters from municipal and mining wastes.

Doing business in Peru

We offer various corporate services in Peru jurisdiction. These services can serve both, people coming from Peru and foreigners. If you plan on doing business in Peru you might be interested in contacting us.

To find out about starting your business in Peru click on company formation in Peru.

To find out how to open a bank account in Peru and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Peru.

Choose preferred service below or continue reading to find out more about Peru.

Company formation Bank account (Corporate)Available banks Bank account (Private)

Demographics of Peru

The total population of Peru is 32,551,815 people. In Peru, the population density is 23.7 people per square kilometer (62 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is rather diverse according to a fractionalization scale which for Peru is 0.6566. Peru has approximately 104919 foreign immigrants. The median age is approximately 27 years. In Peru, 38.2 in every 100 people use internet. Peru has a Human Development Index (HDI) of 0.737.

The majority religion of Peru is Christianity, Peru is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Peru.

Culture of Peru

People in Peru speak the Spanish, Aymara, and Quechua languages. According to data on inbound tourists in Peru, 3,164,000 tourists arrive in the country each year. The first McDonalds in Peru was opened on 18 October 1996, and it was located in Lima. One of the most popular national dishes of Peru is ceviche. To read more click on culture of Peru.

Geography of Peru

Peru is considered to be a vast nation because of its total area. Its total land area is 1,285,216 km² (approx. 496,222 mi²). Peru is located in South America. Its capital city is Lima. Peru has 5 neighbouring countries. Its neighbours include Bolivia, Brazil, Chile, Colombia, and Ecuador. Total length of land borders of Peru is 7062 kilometers (~2,727 miles).

The highest point of Peru is Huascarán, with its official height being 6768 m (22,206 ft). Including land mass and EEZ, the total area of Peru is approximately 2,191,670 km² (~846,205 mi²). The most notable natural resources found in Peru are copper, silver, gold, petroleum, timber, fish, iron ore, coal, phosphate, potash, hydropower, natural gas.To read more click on geography of Peru.

Economy of Peru

The currency of the country is Peruvian sol. The symbol used for this currency is S/., and it is abbreviated as PEN. 3.6% of population in the country are unemployed. The total number of unemployed people in Peru is 1,171,865. Each year, Peru exports around $41.48 billion and imports roughly $42.13 billion. The Gini Index of the country is 45.3. Peru has a Human Development Index (HDI) of 0.737.The Global Peace Index (GPI) for Peru is 2.029. Peru has a government debt of 49% of the country's Gross Domestic Product (GDP), as assessed in 2012. Peru is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are mining and refining of minerals, steel, metal fabrication, petroleum extraction and refining, natural gas and natural gas liquefaction, fishing and fish processing, cement, glass, textiles, clothing, food processing, beer, soft drinks, rubber, machinery, electrical machinery, chemicals, furniture.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Peru is $372,694 billion. Each year, consumers spend around $31,790 million. The ratio of consumer spending to GDP in Peru is 0%, and the ratio of consumer spending to the world consumer market is 0.0917. The corporate tax in Peru is set at 30%. Personal income tax ranges from 0% to 30%, depending on your specific situation and income level. VAT in Peru is 18%. In 2013, Peru received 393.8 million USD in foreign aid.In 2014, the foreign aid amounted to 604.8 USD.To read more click on economy of Peru.

Infrastructure of Peru

Infrastructure quality in Peru is rated to be at 2.72. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.

In Peru, 91.2% of the population has access to electricity. There are 234,102 internet hosts in Peru. Peru has 191 airports nationwide.

The logistics performance index of Peru is 2.84. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.

Tracking possibilities for shipments are rated at 2.81. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.

The number of road motor vehicles per 1000 inhabitants in Peru is 30. To read more click on infrastructure of Peru.

Politics of Peru

Peru, is a unitary presidential constitutional republic. With regard to political and civil freedoms, Peru is 1. Citizens in Peru experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Martín Vizcarra.

According to the World Bank Group, the government effectiveness index of Peru is -0.28. This indicates that the government of Peru is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Peru before considering any business maneuvers.In Peru, the legislative power is vested in a Congress of the Republic. The Global Peace Index (GPI) for Peru is 2.029. The strength of legal rights index for Peru is 8. Overall, it is considered to be rather adequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available. In 2013, Peru received 393.8 million USD in foreign aid. In 2014, the foreign aid amounted to 604.8 USD. Peru is a member of the United Nations (UN). On 31 October 1945, it joined the UN at it inception date as a full member state. Peru is one of the original UN member states who founded the organization. Peru is a member of the World Bank. To read more click on politics of Peru.

Environment of Peru

Peru emits 1.8 metric tons per capita of CO₂. 687420 km² of Peru's territory is covered in forests. and forest land comprises 53% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Peru is 30. To read more click on environment of Peru.

Company formation in Peru

The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Peru.

When establishing a company in Peru, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Peru that will affect the establishment and growth of one's business. Contact us or click on company formation in Peru to read additional information when setting up a business.

Bank account opening in Peru

With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Peru. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.

When considering opening a bank account in Peru, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Peru or contact us.