is nowadays one of the most important countries in South America
for foreign investment. Situated in the South Pacific, it has a
territory of One millon, two hundred eigthy five thousand, two hundred
sixteen kilometers., and, together with Argentina and Brazil, is
one of the largest countries in South America.
has an amazing geography distributed in eight regions, which have
many beautiful beaches, generous valleys for crops, large deserts,
a large and exotic jungle and finally, the majestic Andean Highlands.
to the 1993 census, Peru has about 25 millions inhabitants and
more than 65% of them live in urban areas.
Peruvian economy is one of the few economies that has undergone
deep changes in such a short period.
stability and pacification have allowed our country to reintegrate
into the international financial world, thus generating an appropriate
framework for national and foreign investments.
main reforms made guarantee non-discrimination between local and
foreign capitals. Likewise, they guarantee the right to the repatriation
of capitals, dividends and royalties for the use and transfer
of technology, with no prior approval, once the taxes have been
legislation allows the free circulation of foreign currency at
exchange rates and interests freely fixed in the market.
banking, financial and insurance institutions are presently facing
up the challenge of operating in an open and competitive market
the other hand, the privatization of government-owned companies
and the creation of Private Pension Funds have given fresh impetus
to the stock exchange and have made Lima one of the most profitable
Stock Exchanges in Latin America.
it should be stressed that our new General Corporations’
Act (Act No. 26887) is in full force and effect since January
01, 1998. Said rule introduces a regulatory framework adjusted
to the needs of the business market taking into consideration
the economy globalization, that is, it is aimed, within the new
doctrines on corporate matters, at providing the companies with
a much more practical and quick structure, which we are convinced
will contribute with them to be more competitive in the national
and international economy.
Lozano, Faura & Asociados, Abogados-Consultores, has highly
qualified and specialized professionals in the investment area.
The constant professional updating of its members allows it to
provide specific counsel on the interpretation and application
of the rules governing investments in Peru.
this context of a country with a growing trade, our experience
and knowledge allow us to provide our clients with suitable counsel.
hope that this presentation transmits the spirit of our firm,
the mystic characterizing our practice and the capacity and suitability
of our lawyers.
staff of professionals will be at your disposal at your request
in order to determine which resources we may provide you for your