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Why Invest?
Peru Promote the development and well being of the regions in which they are created, raise the quality of life of the population and decentralise investments.
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Market Report
Coming soon......
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Economic Overview
Peru's economy has become one of the most liberal market economies in Latin America. The country's petroleum, natural gas and power industries are expected to increase due to relatively high domestic and foreign influx of capital in the tourism, agriculture, mining, and construction sectors since 1995. In 2006 the GDP has grown at a strong rate of 7.7% and it is expected to grow 6.5% for 2007, and 6% for the next five years after 2008.
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Visa/Residency Issues
Passport required. Visa not required for tourist stay of up to 90 days, extendible after arrival. Tourists need onward /return ticket. Business visa requires 1 application form, 1 passport photo, company letter and fee of $30 payable by money order or cash only.
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Getting to Peru
An approximate flight time to Lima from London is 15 hours including stopover from London to Lima.
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Fees & Taxes
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The General Sales Tax (locally known as IGV, Peruvian value added tax) applies to the sale of goods and chattels, imports, services rendered or utilised in the country, as well as to construction contracts and to the first real estate sold by its constructor in the country.
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Peru |
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Basic Information
| Population |
27.148 million (July 2004 estimate) |
| Languages |
Spanish (official), Quechua (official), Aymara and a number of minor Amazonian languages |
| Area |
1,285,220 sq km (496,225 sq miles) |
| Currency |
Nuevo sol
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| Dialing Code |
+51 |
| Emergency Services |
011 / 5114
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Peru Overview
Peru officially the Republic of Peru, is a country in western South America, bordering Ecuador and Colombia to the north, Brazil to the east, Bolivia to the south-east, Chile to the south, and the Pacific Ocean to the west. In addition to being known as the cradle of the Inca Empire, Peru is the home of many indigenous ethnic groups, and it was the seat of the Viceroyalty of Peru, with jurisdiction over all of Spanish South America.
Average Property Prices
Coming soon......
Buying Process
- Once a buyer has decided upon a property, the first step is to get a copy of the notarized deed (escritua) of the property from the Public Registry. It is imperative to check the Declaratoria de Fabrica to ensure that both the land and building constructed on it are registered.
- The next step is to obtain a Property Register Certificate (CRI, Certificado Registral Inmobiliario) from the Property Register.
- The next step is to get the Sale-Purchase Agreement (minuta) executed by the Notary Public (Notario Público) and then to register the property.
- Next pay the Transfer Tax (Impuesto de Alcabala) at the Tax Service Administration (Servicio de Administración Tributaria).
- The Notary then prepares the official Sale-Purchase Agreement after receiving receipt of the payment of transfer tax and municipal taxes.
- The final procedure is to file the Public Deed for registration with the Property Register.
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