Investment Stability Law
Its objective is to promote and protect the investment carried out in the sectors of economic activity in the country. It was created by means of Law 54 of July 22, 1998, it establishes that the foreign investors and the companies where they participate, have the same rights and obligations that the national investors and companies have, without more limitations than those established in the Political Constitution and the Law, including what is referred to the commerce and industry freedom, and the exportation and importation.
- Agricultural Exports
- Commercial and Oil Free Zones
- Electric Energy Generation
- Export Processing Zones
- Ports and Railroads Development
- Irrigation and efficient use of the hydraulic resources Projects
- All the activities that are approved by the Cabinet Council previous recommendation by the Ministry of commerce and Industries
- Juridical Stability unless causes are related to public utilities or social interest,
- Tax Stability in the national order,
- Tax Stability in the Municipal order,
- Stability in the customs regimes that are derived from the Special Laws.
- Submit to the competent entity for regulating the investment, an investment plan that includes the obligation to invest the minimum sum of two-million US$ (B/.2,000,.000.00), that shall be executed within a term established by the Law that regulates the activity, or in the rest of the cases within a minimum term of two (2) years.
- To be registered in the entity in charge of promoting and verifying the aforementioned investment.
- Once the term expires for carrying out the investment, the amount of the investment shall be accredited and the activity developed.
The benefits shall be granted for a period of 10 years and these are applied to natural and corporate persons of private right, national or foreign, that carry out investments within the national territory.