Auxadi Peru
Peru is largely economically stable and one of the most attractive economies of investors in the Latin American region, deemed fourth most favoured destination for FDI. With its relatively high growth, public debt below 25%, and an average inflation rate forecast between 2.2% and 2.5%, the Peruvian economy is on track for solid medium-term growth.
Exports are a major contributor to the Peruvian economy, with its main economic activities including mining, manufacturing, agriculture and fishing, though telecommunications and biotechnology industries are growing steadily.
Regarding foreign investment, Peru has policies in place addressing free competition, free movement of capital, the guarantee of private property, and equal treatment for domestic and foreign investors. While company activities must comply with relevant industrial hygiene, safety, environmental, and other legal provisions, companies may organise and develop their activities largely free of state control.
Peru is a member of the World Trade Organisation (WTO), the International Monetary Fund (IMF), the World Bank, the Andean Community of Nations (CAN), the Asia-Pacific Economic Cooperation Forum, the Alliance of the Pacific, and the Union of South American Nations (UNASUR). In January 2022, Peru was invited to begin the process of accession to OECD membership, with accession roadmaps released in June 2022.
Peru
Peru is largely economically stable and one of the most attractive economies of investors in the Latin American region, deemed fourth most favoured destination for FDI. With its relatively high growth, public debt below 25%, and an average inflation rate forecast between 2.2% and 2.5%, the Peruvian economy is on track for solid medium-term growth.
Exports are a major contributor to the Peruvian economy, with its main economic activities including mining, manufacturing, agriculture and fishing, though telecommunications and biotechnology industries are growing steadily.
Regarding foreign investment, Peru has policies in place addressing free competition, free movement of capital, the guarantee of private property, and equal treatment for domestic and foreign investors. While company activities must comply with relevant industrial hygiene, safety, environmental, and other legal provisions, companies may organise and develop their activities largely free of state control.
Peru is a member of the World Trade Organisation (WTO), the International Monetary Fund (IMF), the World Bank, the Andean Community of Nations (CAN), the Asia-Pacific Economic Cooperation Forum, the Alliance of the Pacific, and the Union of South American Nations (UNASUR). In January 2022, Peru was invited to begin the process of accession to OECD membership, with accession roadmaps released in June 2022.
Why Auxadi is trusted as an expert outsourcing provider in Peru
Auxadi is your ideal partner in Peru to support you with your global expansion and investments. From our office in Lima, we offer a fully outsourced solution, aligned to help make your life easier when it comes to the seamless management of your back-office operations.
Incorporating a company in Peru takes around 25 days – quicker than many of Peru’s neighbours – and it offers a very favourable framework for foreign investment.
Through a single-point-of-contact delivery model and our leading MySPV technology platform, we offer an unrivalled solution that can help you with your global expansion.
International Accounting, Tax and Payroll in 50 countries
Corporations
We can help you with your international expansion and we serve more than 600 clients across many different sections. We become an extension of your finance departments abroad and you can access the accounting information of all your international subsidiaries through a single portal, customised to meet your needs.
Funds
With nearly $7 billion of assets under management, we can take of the corporate management and SPV administration of your investment structures. Whether you’re creating a holding structure in Luxembourg or setting up a SPV in Europe and Latin America, we offer accounting, reporting, tax compliance and directorship solutions to help make your life easier.
Our services
Tax Specialists
Peru’s main taxes are levied on income, production, consumption, circulation of money, and patrimony. There are also Indirect taxes and Municipal taxes, both containing categories upon categories, so expert local guidance is required.
With specific limitations, taxpayers may claim credit for taxes paid overseas, and domiciled individuals can use taxes withheld or paid overseas as credit for Peruvian taxes on foreign income.
Transfer pricing rules require submission of an annual affidavit of transactions made with related parties, but specific rules apply based on tax units of gross annual income.
We’re experts when it comes to local and international taxation requirements and we can help ensure you and your operations remain tax compliant using our purpose-built automation technology.
- Tax compliance – covering multinational, federal, state, and municipal taxes
- Official Books and Annual Accounts
- Assistance with tax inspections and audits
- Tax reviews and claims
Accounting Specialists
The Peruvian regulations in place allow GAAP standards for accounting and reporting, as well as IFRS, IAS, and their interpretations (SIC). Foreign investors should be aware of the specific rules for audits and consolidation, though branches of foreign companies aren’t subject to audit.
Reporting requirements in Peru vary according to gross annual income tax units, with the requirements expanding on a scale from 300 tax units up to and over 1,700 tax units.
We help global corporations and fund managers with all their corporate accounting requirements. Using our bespoke and best-in-class technology platform, MySPV, you can have immediate access to the accounting and financial information of all your international subsidiaries and investments, no matter where they’re located.
Our accounting experts in Peru can help manage:
- Accounting and bookkeeping
- Management accounting
- Statutory accounting
- Official Books and Annual Accounts
- Cash management (including payments)
- Reporting
- Consolidation of finanical statements
- Bank account tracking
- Treasury and cash flow forecasts
- Audit assistance
Payroll Specialists
Peruvian labour laws include employer contributions to health, Social Security (9% of employee’s wage), and the National Pension system (13% of employee’s wage). All employee contracts in Peru come under Peruvian law, no matter the employee’s nationality.
There are specific rules for foreign workers regulating both the number and salary levels they can achieve – and these regulations differ depending on qualification, domestic relations/family, and dual nationality workers. Non-tax resident workers are subject to 30% withholding tax on Peruvian gross income.
Our experienced and knowledgeable team of payroll specialists in Peru can help you manage your corporate payroll function across all your locations with ease.
Monitor and manage your international subsidiaries with our MultiCountry online platform
Access our online platform that provides you with a global and harmonized view of the accounting of your international subsidiaries, with drill down functionality to check support documentation, such as: invoices, outstanding creditors, approve payment orders, manage the payroll processing cycle and so much more. Request a demo to see how our technology can help you.
Get access to Auxadi corporate materials and technical guides to know more about us.
Auxadi in Peru
Avda. República de Panamá
Nº 3420, oficina 1701,
San Isidro – Lima
Tel: + 51 (1) 6419207
Count on our professional and extensive experience in the Peruvian market, for your investments in Peru and elsewhere in Europe, the United States and Latin America.