Peru, a gem nestled in Latin America, beckons investors with its strategic location, vibrant entrepreneurial spirit, and a track record of resilience. More than just an attractive market, Peru offers a supportive ecosystem that fosters both traditional and innovative ventures. This stability provides fertile ground for your investments to flourish. In this article we will explore the various types of business in which the result will be a successful and lucrative investment:
What are the Business Opportunities in Peru?
In the different economic sectors there are great opportunities to start doing business in Peru, here we will tell you why and what they are:
- Mining: This Latin American country is one of the world's leading producers of gold, copper, zinc and silver. The mining statistics bulletin of the Ministry of Energy and Mines for July 2023 shows that, compared to the same period of the previous year, there was an increase in copper (19.8%), zinc (5.2%) and molybdenum (2.8%) production. Peru's great advantage lies in the mining sector, coupled with a favorable legal framework and a constantly developing infrastructure, make it an excellent place to do business. read more
- Agriculture: Thanks to its privileged geographical position, Peru has a great variety of climates and fertile soils, the potential of the Peruvian agricultural sector is the production of fruits, vegetables, grains, coffee and other products with high demand in the international market.
- Tourism: Latin America is a major recipient of tourism, and Peru is one of the most sought-after destinations worldwide. The aforementioned tourism sector opens up great opportunities for investment in hotels, restaurants, tourism infrastructure and related services.
- Infrastructure: The Peruvian government is working to promote an ambitious infrastructure development plan, which includes the construction of roads, ports, airports and hospitals. In view of this information, Peru is open to FDI (foreign direct investment) to promote private investment in projects of various sizes. read more.
- Technology: The Peruvian technology sector has presented an increase in demand thanks to the expansion of the internet and digital services, this is reflected in the great potential offered by startups, software companies, Fintech and other areas which makes it an attractive place for investment in this sector.
- Manufacturing: Peru's manufacturing industry is diverse, providing opportunities in different economic sectors such as textiles, food and chemicals. The country has a skilled labor force and offers access to international markets, attracting more and more interest from potential investors.
- Renewable energies: Peru has been working to be at the forefront of renewable energies such as solar, wind and hydro. Likewise, the great advantage is that the Peruvian government is promoting investment in this sector with tax and legal incentives, which makes it an attractive option for investors.
- Services: As we have mentioned, Peru's capacity is not only in value-added processes but also in the area of services, a fundamental sector in health, education, finance and telecommunications, which can also benefit investors and even young Peruvians.
If you want to know more about the opportunities to do business in Peru you can contact us now and our Ongresso experts can help you find the business opportunities that best fit your profile and facilitate your market entry into the Latin American market.