Franchise Opportunities in Peru
Popular franchise directions in Peru
Attractiveness of Peru for the development of franchise business
Western South American country, Peru, has a population of 29.85 million people 77% of whom live in urban areas. The main business opportunities are found in the main cities of the country such as Lima (10.07 mln), Callao (994,494), Arequipa (861,145), Trujillo (788,236), and Chiclayo (552,508).
The economy of the country is mainly based on exports of copper, gold, zinc, crude petroleum and petroleum products, coffee, potatoes, asparagus, textiles, and fishmeal. Having successfully survived the economic crisis, which happened in 2002, the country is moving forward and ready to attract foreign investments.
The franchise sector in Peru is growing fast and includes 475 companies now. A curious fact that 50% of them are domestic and another half are international franchise companies. The most promising franchise sectors are Food, Health and Beauty, Clothing, Entertainment and Educational services. Shopping centers in Peru attract more than 60 million visitors every month. Which means that a franchise outlet of a foreign brand could be a lucrative business to own in the country.
A franchisor who will decide to operate a business in Peru should pay 30% income tax on royalties plus 18% value-added tax for a local company (import tariffs dependent on the type of goods the franchise company sells).
There are high investment business opportunities, as well as cheap franchises in Peru presented for review, the choice is yours.
Indicators of Peruvian Business Market
Currency: Sol (PEN, S/)
Education Index (2015): 0,672
Official languages: Spanish
Per capita GDP (PPP): $14,252
Quality-of-life index (0-10): 6,24
Population: 32,16 mln
Total GDP (PPP): $458,389 billion
Ease of Doing Business Ranking, Rank: 68
Human Development Index (HDI): 0,75