What are the Advantages of Nearshoring in Peru?

Peru has become a major player in the nearshoring game, attracting businesses worldwide seeking to reduce costs, boost efficiency and access a skilled workforce. This growth is fueled by a favorable business environment in Peru, including:

• Well-developed infrastructure
• Fair tax policies
• Supportive government

The country prioritizes human capital development through initiatives that:

• Improve education and training
• Support small and medium-sized enterprises (SMEs)

These efforts aim to create a more qualified and competitive workforce for nearshoring and other sectors.

Here are some key benefits of nearshoring in Peru:

Cost Savings:

• Labor and operational costs are lower than outsourcing to more developed countries.
• Peru's minimum wage is significantly lower than the US, for example.

Access to Skilled Talent:

• Peru boasts a growing pool of qualified professionals in engineering, IT, finance, and other fields.
• A talented workforce exists in engineering, mining, information technology, and business services.
• Peru has a well-developed tourism sector and a thriving creative industry, including fashion design and advertising.
• The country's rich cultural heritage translates to skilled artisans and craftspeople.
• Relatively high unemployment allows companies to tap into a large pool of skilled workers.

Cultural Compatibility:

• Peruvian culture emphasizes education, customer service, and collaboration, fostering smoother collaboration with nearshore teams.
• Peru's diverse cultural landscape includes indigenous communities, Spanish colonial influence, and various immigrant communities.
• The emphasis is on building strong personal relationships, with time dedicated to getting to know colleagues and clients.
• Direct and clear communication is valued, but nonverbal cues also play a role.

• Peru's location in the same time zone as the eastern coast of the US facilitates better communication and collaboration.
• Good connectivity to other Americas countries further enhances accessibility.
• Strategic location on the Pacific coast provides access to a growing regional market.
• Well-developed transportation infrastructure makes Peru a convenient and accessible destination for companies seeking a regional presence.

• The Peruvian government actively encourages nearshoring, recognizing its potential for economic growth and job creation.
• Special economic zones offer tax breaks and other incentives to companies operating within their borders.
• These zones provide access to essential infrastructure like high-speed internet, power, and transportation.
• Government programs focus on developing human capital through improved education, training, and support for SMEs.

Considering Nearshoring in Peru?

Contact Ongresso today to learn more about the benefits of nearshoring in Peru and how we can help you find top talent or establish your business in Latin America.