Working in Peru

Peru has one of the fastest growing economies in Latin America. This, coupled with a pro-investment climate, make it an exciting place to do business.

Show more

Doing business

Peru was ranked 54th out of 190 countries in the 2017 World Bank Ease of Doing Business Survey – scoring particularly well for getting credit and registering a property. Measures have been put in place to make Peru attractive to foreign investors – including cutting down on bureaucracy and red tape.

Peru is a solid choice for expats in the mining industry – the main exports of this resource-rich country include copper, gold, zinc and petroleum. Agriculture is also a major export. And as one of the most popular tourist destinations in the world, many tour operators have set up businesses here.

Though some English is spoken in the workplace, language may still be a barrier so consider working with an interpreter and having contracts translated into English.

Show more

Business culture

Relationships are key to business success in Peru. You’ll need to invest time and energy in developing your network as Peruvians prefer to do business with people they know and trust. Patience is essential as negotiations can take time. Timelines and deadlines can be fluid, but it’s important not to rush your partner or show frustration.

Show more

Management style

Business culture is formal and top-down – those in authority are the chief decision-makers and are seldom challenged.

Politeness

Peruvians are courteous and saving face is important – so avoid direct confrontation. Bear in mind there’s a tendency to give you the answer you want rather than risk disappointing.

Punctuality

There is a fairly relaxed approach to time, and meetings and social gatherings often start late. However, it’s still best to be punctual and arrive on time.

Fast facts

Business Language

Spanish is the official business language. English isn’t widely spoken, even in the cities.

Business hours

Usually from 8am to 6pm, Monday to Friday. This is slightly longer than usual as many businesses close for siesta from 1pm to 3pm.

Dress

Business attire is smart and conservative – dark suits are best. Appearance is important and both men and women are expected to make an effort. Women often wear make-up and heels.

Greeting

When you greet Peruvian businesspeople, always use their title - use señor (for men) or señora (for women). Shaking hands is the customary greeting, though men and women who know each other often kiss on the cheek. Business cards should be Spanish on one side and English on the other – it’s best to hand them to everyone present, Spanish side facing up.

Gifts

Gift giving is customary in the workplace and a gift that represents something from your home country will be appreciated. Gifts are opened when received.

Gender equality

Peru is a male dominated society and women may experience some chauvinism in the workplace.

Expat salaries

Salaries in Peru may not be as high as expat destinations in Asia and Europe, but this is offset by a lower cost of living. And corporate relocation packages may have allowances such as schooling, accommodation and healthcare included.

It's a great opportunity to earn more money, see the world and meet different people.

Expat Explorer Survey respondent

View more hints and tips for Peru

Making life easier for expats

  • Starting a new life abroad has its complexities.
  • Your finances shouldn’t be one of them.
  • We believe that choosing to live abroad has the power to enrich your life. It can be a journey that leads to new experiences and opportunities. But it can also be complicated. That’s why we’re here to help manage your finances and make planning for the future simple.

Achieve your ambitions at HSBC

HSBC is one of the world’s leading international banks, with a network covering over 70 countries and territories. Our global reach and values-led high performing culture fosters continuous professional development, flexible working and opportunities for you to grow within an inclusive and diverse environment.

All Expat Explorer survey data and all tips (in quotation marks) are provided by HSBC.

All other content is provided by expatarrivals.com, Globe Media Ltd and was last updated in August 2016. HSBC accepts no responsibility for the accuracy of this information.

This information does not constitute advice and no liability is accepted to recipients acting independently on its contents. The views expressed are subject to change.

Always remember to ensure you are aware of and comply with any laws in your host country or country of origin that apply to gift giving and bribery.