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Cheryl Harvey, Seeds of Ayllu Founder Discusses Doing Business in Guatemala and Peru

Cheryl Harvey, Seeds of Ayllu Founder Discusses Doing Business in Guatemala and Peru

Cheryl Harvey shares her perspectives on the challenges of doing business in Guatemala and Peru as a British business owner. Biz Latin Hub's Carina Zambrano had the pleasure of connecting with Cheryl Harvey, Founder and Mindful Director of Seeds of Ayllu Limited and former Country Manager to our office in Lima, Peru. We gained insight into her experience exporting high quality, nutritious, consciously cultivated Brazil Nuts and Cacao from the Amazon Rainforest of Peru and communities in Guatemala to her home region, the United Kingdom. Cheryl shares her perspectives on the challenges of doing business in Guatemala and Peru as a British business owner, as well as the differences in business culture while operating in Latin America.  1. As someone from a small village in the countryside of England, what brought you to Latin America? In 2010, I left England carrying my backpack and in search of adventure. My plan was to travel for 5 months in Latin America and then return to England to contemplate the next step in my accountancy career. Little did I know what this trip had in store for me and that 10 years later I would be living a very different life; living my true life and working in support of the small indigenous farming communities in Peru and Guatemala. 2. What led you to opening your business, Seeds of Ayllu, in Peru and Guatemala? In early 2017, I left behind my management position in Lima, Peru. The major shift came when I spent time in the Amazon Region of Madre de Dios-Peru and did deep inner work with native plant medicine. I now have an incredibly...

What are Companies’ Corporate Compliance Requirements in Peru?

What are Companies’ Corporate Compliance Requirements in Peru?

The Peruvian economy has enjoyed two distinct phases of economic development in the last century. Between 2002 and 2013, Peru’s outstanding GDP growth with a rate of 6.1 percent annually and is now considered one of the fastest-growing economies in Latin America. Nevertheless, in order to take advantage of business opportunities in the country, foreign executives must be aware of all corporate compliance requirements when establishing a company. Regarding local industries, Peru’s extensive mining sector, containing base and precious metals, makes the country a mining global leader. Likewise, its continuous effort to promote a friendly investment environment makes Peru the third country in the regional ranking of ease of doing business in Latin America.  More specifically, foreing executives receive the same treatment as local business executives. There is free transfer of capital and there is unrestricted access to most economic sectors. Consequently, it is an optimal country to expand your business. Learn about the corporate compliance requirements to do business in Peru. Legal structures in Peru to understand corporate compliance Foreign executives doing business in Peru must be aware of all corporate compliance requirements and legal structures available to establish a business in the country, such as Joint-Stock Companies, Closely-Held Corporations, Publicly Held Corporations, and Limited Liability Companies. Different legal structures allow you to establish a company in Peru. The following are some of the main characteristics of legal structures in Peru:...

Data Shows Record Growth For E-Commerce in Peru

Data Shows Record Growth For E-Commerce in Peru

Find out about trends for e-commerce in Peru that indicate the rise in success for businesses with an online sales model. As we are living a new culture of social coexistence, purchases through e-commerce platforms have seen a considerable increase in many Latin American countries. Peru is among those countries in Latin America with the highest number of internet users, so e-commerce is expected to be significantly more popular in this country than others in the region. Measures adopted to prevent the spread of Covid-19 in Peru have encouraged people to adapt to and become familiar with e-commerce platforms to access multiple products and services. Currently, the available data regarding consumers' behaviour shows record growth for e-commerce in Peru, presenting business opportunities for foreign executives thinking about doing business in the country. With a rise in e-commerce in Peru, foreign executives can now a vibrant market and successfully increase online sales. Different categories for e-commerce in Peru E-commerce refers to a commercial transaction facilitated through the internet. There are four categories for e-commerce activities that describe the different transactions people usually make when purchasing products through these platforms: Business to Consumer (B2C): This is the most common business model where a company sells a good or service to a consumer.Business to Business (B2B): This happens when a company sells a good or service to another company.Consumer to Consumer (C2C): This happens when a consumer sells a good or service to another...

Peru and the UK Sign Reconstruction Agreement

Peru and the UK Sign Reconstruction Agreement

In June 2020, the UK government won Peru’s bid for the “Integral plan for the reconstruction of the damaged infrastructure of the Northern regions of Peru affected by floods in 2017", also called the Reconstruction Agreement or Programme. This government-to-government agreement involves the reconstruction of Peruvian infrastructure and the construction of preventative measures against natural disasters. Parties involved in the Peru-UK Reconstruction Agreement The Reconstruction Agreement involves an investment of approximately US$2.020 billion. The Reconstruction Agreement was signed on 22 June 2020, between the Peruvian government, represented by the Authority for Reconstruction with Changes (ARCC), and the UK government, represented by the Department for International Trade (DIT). The investment is worth S/7 billion (approximately US$2.020 billion) and will last for 2 years, with allowance for a third year. The project will be carried out by 3 companies forming the UK Delivery Team: Mace Limited, Arup Limited and Gleeds International Limited. The Peru-UK partnership is an enduring one. The UK was Peru’s lead partner while delivering the Lima 2019 Games, the fourth largest sports event in the world. Following the success of this partnership, the Reconstruction Agreement only further strengthens these regional commitments. Reconstruction projects The 2017 Coastal El Niño is a natural disaster that severely affected many Peruvian regions. Heavy rains, landslides, and floods destroyed infrastructure and crops, leaving people homeless. The Peru-UK Reconstruction Agreement...

Canada-Peru Free Trade Agreement: Promoting Canadian Business in Latin America

Canada-Peru Free Trade Agreement: Promoting Canadian Business in Latin America

In recent years, Peru underwent significant improvements in its economic, fiscal, and trade policies. This is thanks to the establishment of favorable tax and monetary bases, as well as the promotion of its exports through different trade agreements (FTAs). One of Peru’s most prized agreements is the Canada-Peru Free Trade Agreement. Peru has achieved significant growth in foreign investment as a result of these initiatives. Its exports have managed to attract the interest of many foreign companies. Among the Peruvian sectors that stand out the most are mining, agribusiness, fishing, light industries, and tourism. As an exporter or business executive, it is essential to understand the business culture of the countries where you want to establish trade operations. A clear idea of the business culture will lead to more successful interactions. Likewise, it includes the main language used in official documentation, the type of organization you are dealing with, and other organizational structures. The FTA that Peru signed with Canada is considered one of Peru’s most successful agreements, as Canada is a country whose GDP per capita exceeds US$36,000 per year. In the following article, we will explain the business relations between Peru and Canada. Canada-Peru Free Trade Agreement The Canada-Peru Free Trade Agreement was signed in 2008. The Canada-Peru Free Trade Agreement was signed in Lima on 29 May 2008, and has been in force since 1 August 2009. It was agreed that 100% of the negotiated items could enter Canada free of tariffs.  This current agreement is an update of the...

How to Get a Business Visa in Peru for US Citizens

How to Get a Business Visa in Peru for US Citizens

Find out how to get a business visa in Peru as a US citizen. Peru is still one of Latin America’s best-performing economies with a solid economic and industrial background. Despite current conditions changing the country's economic landscape, Peru is still considered one of the most attractive countries in the region to invest in or do business. To do business in Peru as a US citizen, you will need a business visa. The Peruvian government is constantly making its best effort to improve the commercial environment. The country is improving its legal framework to ensure that investors, whether foreigners or nationals, are treated as equals. It is important to know that there are two types of migration options for foreigners. They are as follows: Temporary Stay: Foreigners enter the country just for tourism or business.Residency: Foreigners who apply to live and work. Work, investor, and business visas in Peru for US citizens Peru is improving its legal framework to ensure that investors, whether foreigners or nationals, are treated as equals. Peru has different types of Peruvian visas for different uses. The most commonly required visas are: Working visa This is a visa for foreigners who want to work for long periods of time in Peru. It is important to note that this type of visa requires you to have an employment contract with a local company. This visa is usually obtained by incorporating your own company and then hiring yourself to this company. Investor visa This visa is for foreigners who want to establish, develop, and administer a company. Note that this Peruvian visa...

What is a Compliance Officer for an NGO in Peru?

What is a Compliance Officer for an NGO in Peru?

Forming an NGO in Peru requires a range of legal aspects, such as the nomination of a compliance officer. NGOs in Peru must create an internal compliance system with a Compliance Officer. This is a part of the work culture of an NGO in Peru and the organisation must enforce it. Find out about requirements for NGOs in Peru to work with a Compliance Officer. What is the compliance system for an NGO in Peru?  The main task of a compliance officer in an NGO in Peru is to ensure the organisation works ethically. A compliance system prevents corruption inside a company resulting in either direct or indirect benefit. The characteristics of a comprehensive compliance system for an NGO in Peru are: The general board and general management should be the main supporters of this system.Its implementation must function as a system that goes through the different business units.A compliance must take as a basis: values, promises and commitments of the organization. In addition to that, it must be measurable in order to confirm compliance.It should be considered that the company’s evaluation is carried out in the future. It is very important to put this comprehensive risk management model into effect in NGOs, since this involves identifying the most critical risks. Some organizations may apply international standards. What does a Compliance Officer do in an NGO in Peru? The Peruvian government established Decree Law N° 1352 of the Law N° 30424, which regulates the administrative liability of legal entities against transnational active bribery. The scope of application includes...

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