Legal Framework
From The Report: Peru 2017
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This chapter provides an overview of Peru’s legal framework, covering a range of topics from public works for taxes to foreign investment law. In addition, it features an interview by Fernán Altuve-Febres Lores, President, Ontier Perú, on the impacts of new legal framework.

Articles from this Chapter

Overview

Detailed review: Laws get a renewed look, with simplification and their role in driving various parts of the economy in focus
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Since the 1990s Peru has had a stable legal framework, guaranteed by the constitution, which serves as the backbone of the economic model that has sustained the country’s structural reforms during recent years. Peru currently has a corporate, tax, labour, private property, foreign investment and public bidding framework that is attractive to domestic and foreign private investments. Furthermore, the modification of administrative legislation over time has modernised the state apparatus…

Analysis

State dedication: The current administration seeks to build flexible and attractive legislation for the benefit of investors and the general population
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Peruvian administrations since the 1990s have enacted various laws largely characterised by the promotion and protection of private property, business freedom, free competition, and private investment from both national and foreign investors in various productive sectors. The aforementioned legal framework is the current backbone of the relatively new Peruvian economic model, the social market economy. It is a model guaranteed by the constitution and based on recognition by the state of the…

Interview

Legislating change: Fernán Altuve-Febres Lores, President, Ontier Perú, on the impacts of new legal framework
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Interview:Fernán Altuve-Febres Lores To what extent is the existing tax framework attractive to potential investors? FERNAN ALTUVE-FEBRES LORES: The normative fiscal framework that Peru has in place is adequate to attract investment. The challenges that investors find have less to do with the framework itself, but more to do with administrative hurdles. There are too many requisites to constitute and operate a business, or for foreign companies present in Peru to participate in mining or…