About Me

My photo
San Diego, California, United States
The purpose of this blog is to provide a space to share information about Peru's economy, business and investment climate. The intent is for all of us to educate ourselves, and leverage our findings to explore potential investment opportunities in Peru

Peru, Emerging Market for Investments, 2008?

Sunday, June 15, 2008

Tratado de Libre Comercio - Peru y USA

http://www.tlcperu-eeuu.gob.pe/index.php

http://en.wikipedia.org/wiki/Peru-United_States_Free_Trade_Agreement

Peru: Catalogo de Oferta Exportable

http://www.prompex.gob.pe/catalog/ev_economiaexporta.asp

ExportaFacil: Del Peru Para El Mundo

http://www.sunat.gob.pe/exportaFacil/index.html

Crear Una Empresa En Peru

Haciendo mi research, encontre esto, puede alguien verificar si es correcto?

Para formar una empresa en el Peru:

1. Debes ir a la oficina de Registros Publicos (R.R.P.P.) y separar el nombre de tu empresa, puedes presentar hasta 3 nombres y el derecho de busqueda de nombre cuesta S/.15 y la separación del nombre tiene una duracion de 15 dias (o 10 creo).

2. Redactas tu minuta de conformación de la empresa, es aqui donde escoges que la razón social de esta (EIRL, SRL, SA, SAC, etc) pones tus datos, nombres, nacionalidad, estado civil (si eres casado datos del conyuge), fecha nacimiento, DNI, etc.

3. Creas una cuenta en el banco a nombre de tu empresa, y depositas el monto de acuerdo a ley el cual es un % de acuerdo a la cantidad de capital social.

4. Elevar minuta a Escritura Publica. Una ves realizado todo lo anterior, presentas tu minuta a un notario publico, quien se encargara de elevarla a escritura publica, para esto las personas nombradas en la minuta deben acercarse a la notaria y firmar la escritura publica en presencia del notario.

5. Con la escritura publica, se tramita el numero de RUC de tu empresa, esto lo puede hacer cualquiera creo, pero el tramite requiere la firma del gerente o encargado de la empresa.

6. Tramitar la licencia de funcionamiento de la Municipalidad, de acuerdo al domicilio legal de tu empresa.

Fitch Gives Peru Investment Grade Rating

By LESLIE JOSEPHS
03 April 2008 @ 04:37 am EST

LIMA, Peru (AP) - Fitch Ratings has raised Peru's foreign currency debt rating to the investment-grade level of BBB-, handing a major win to market-friendly president Alan Garcia.

Related Topic

Get stories by e-mail on this topic.

  •  uscanada | RSS
  •  europe | RSS
  •  asiapacific | RSS
  •  americas | RSS
  •  CHN | RSS
  •  PER | RSS
E-mail:  

Booming economic growth has allowed Peru to pay debts ahead of schedule, contributing to the upgrade of its rating by one notch, from BB+, on Wednesday.

"This is important in the context of turbulence in international markets," Economy Minister Luis Carranza said at a news conference. "Peru is richer from today on because the properties and savings we have are going to be more valuable."

Financial analysts have lauded Peru as an attractive country for foreign investment, as the Andean nation experiences record economic expansion amid high commodities prices and strong growth of internal demand.

Peru's economy expanded 9 percent in 2007, its ninth consecutive year of growth, and booming construction and mining sectors are expected to produce continued strong growth in 2008. The economy grew 10 percent in January of this year alone.

Garcia's first term as president from 1985 to 1990 ended with Peru in financial ruin, as four-digit inflation angered consumers and sent investors fleeing.

But since winning re-election in 2006 on promises to avoid his previous missteps, Garcia has made Peru the first Andean country to secure a free trade agreement with the United States and is now aggressively pursuing a deal with China.

His economic policy is geared toward showing investors that Peru is a stable, strong economy.

Last month, the country bought back $838 million in Brady bonds and also announced that it would pay $1.1 billion in World Bank and Inter-American Development Bank loans ahead of schedule.

Standard & Poor's rating on Peru's long-term foreign currency sovereign credit is a double-B-plus, one step below investment grade. Moody's Investors Service has Peru's foreign-currency bond rating at Ba2, two steps below investment grade.

http://www.ibtimes.com/articles/20080403/fitch-gives-peru-investment-grade-rating.htm

Monday, 31 Mar 2008
Peruvian Profits

As the U.S. economy teeters toward recession, Cramer is constantly on the lookout for new places to invest in parts of the world that don’t suffer from our credit problems. On Monday’s show, he added Peru to that growing list. 

The Peruvian economy is benefiting from growing GPD and low inflation as mineral prices surge and import duties shrink. But the best part is, according to Cramer, that Peru, like other developing Latin American countries, is finally getting serious about its financials. And there’s no better way to play this phenomenon than with Creditcorp [BAP  83.79    0.33  (+0.4%)   ], the country’s largest financial services holding company.

Creditcorp’s largest subsidiary, Banco de Credito, is Peru’s largest bank with 30% market share in loans and 36% in depots. It also owns an insurance company, Peruano Suiza, which has 30% market share. There’s really no analogue to Creditcorp with that kind of diversified exposure in the U.S., Cramer said.

So while the financials in this country continue to stumble, they’re actually part of a growth industry in Latin America, where people are making more money and thus depositing more and becoming eligible to borrow. Need proof? Creditcorp saw loan growth of 10% last quarter and 40% in 2007. That’s practically the polar opposite of U.S. banks, Cramer said.

The company’s quality of loans is solid, too, with less than one percent past due. Valuation comes at a bit of a premium, but Cramer thinks it is well deserved because of the potential for growth.

So don’t cry for Peru – invest in it. Creditcorp shares are off eight points from the 52-week high. The time is right to pull the trigger, Cramer said.

Worried about investing in a developing market while the U.S. economy's in turmoil? Where in Europe should you put your money? Cramer answers callers' questions in this video.


Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website?madcap@cnbc.com

© 2008 CNBC, Inc. All Rights Reserved

Expanding Overseas: The Best Small Markets

Peru

Thanks to new political stability, Peru is growing faster than other countries in Latin America. (Photo by Greg M.CC 2.0)

GDP:
$101.5 billion
Population:
28.6 million
GDP growth rate:
7.5 percent
Why it’s hot:
In the past five years, Peru has been growing faster than most other Latin American countries, thanks to a more stable political climate and a boon in mining and agricultural exports. Peruvian incomes are rising (hitting a gross national income of $2,980, according to the World Bank), and unemployment is dropping. Citibank, McDonald’s, Motorola, Clorox, Proctor & Gamble, Chili’s Bar & Grill, Domino’s Pizza, and Marriott Hotels all have moved into the country. Peru’s fruit, vegetable, coffee, and chocolate industries are fledgling and in need of investment. Green technologies, too, may be in demand if the United States approves a free-trade agreement with Peru and asks the country to raise its environmental standards, as is expected, according to Roy Nelson, professor of international studies at Thunderbird School of Global Management in Glendale, Ariz. The country’s environmental woes include deforestation, overgrazing, air pollution, and pollution of rivers and coastal water from mining waste.
Sectors in demand:
The country’s growth has created an emerging middle class with a demand for TVs, refrigerators, stereos, and other consumer goods. Shopping malls are going up, replete with Starbucks and other American retailers in major cities. Thanks to Incan ruins, Peru’s tourism industry is blossoming, so tourism services — from high-end to economy-travel — are in high demand.
Cost of doing business:
Medium. Wages and rent can be lower in Peru than in other South American countries, but real estate prices are quickly rising. Because the country is less efficient and less developed, lost time remains a high cost of doing business. For instance, it can take up to 72 days to start a business, according to the World Bank’s “Doing Business” report
. Getting goods in and out of Peru takes longer than in many countries and costs more in fees. Businesses also cite tax administration and access to finance as top barriers to investing in Peru, according to the World Bank report.

Risk assessment:
After years of fighting terrorist groups such as the Shining Path, Peru finally appears to be more stable, and the current government is business-friendly, lowering taxes and cracking down on corruption under a new corruption chief. Concerns remain, however, about how things will go under the country’s new president, Alan Garcia, who in the late 1980s was also the nation’s chief executive. Garcia’s government has market-friendly economic policies, a plan to boost private investments, and a plan to create 1.5 million new jobs.
http://www.bnet.com/2403-13239_23-198339.html