The Executive Branch formalized
which aims to strengthen the sector for greater job creation, boost economic growth, and attract investments.
The law was published in the Legal Regulations Bulletin of the Official Gazette El Peruano on Friday, after a symbolic act that took place at the Government Palace last Thursday.
It is a renewal of the comprehensive regulatory framework for tourism activity after 16 years. Similarly, it seeks to become a tool for the protection of natural and cultural heritage, social inclusion, equity, competitiveness, and sustainability.
One of the new features is that it will favor the creation of Special Tourist Development Zones (STDZs), fostering a favorable climate for investment and increasing competitiveness in regions regarding the environment and protected areas.
The STDZs are required to employ local personnel and must be aligned with Peru’s National Strategic Tourism Plan.
According to
Foreign Trade and Tourism Minister Desilu Leon,
the new regulation will enable the incorporation of more than 5,000 new service providers over the next five years, generate 34,000 jobs by 2030, substantially improve the quality of services offered, and reduce informal activity by 30% in prioritized destinations through effective controls and support for micro and small enterprises (MSEs) in the sector.
Thanks to this new regulation, it is estimated that more than 5,900 tourism companies will be able to access tax benefits such as the Special Regime for Early Recovery of the General Sales Tax (RERAIGV), in contrast to the fewer than 1,000 enterprises that benefited under the previous regime.
In terms of air connectivity, the new regulation amends the General Customs Law and the Temporary Admission Regime for Aircraft, aiming to reduce the additional costs faced by airlines and provide greater operational flexibility.
This will promote the opening of new routes, the creation of more accessible fares, and the acquisition of modern fleets as well.
According to Leon, a new air route can contribute up to US$40 million annually in tourist spending and, with it, significantly boost local economies.
Likewise, this regulation includes provisions for the identification and delimitation of tourist destinations, which have been incorporated into the planning and management instruments of the three levels of government.
It also establishes that these areas must have managing entities made up of public and private representatives.
With this new law, the projected goal of the Executive Branch is to attract more than US$1 billion in new tourism investments, both public and private by 2030.
(END) GDS/JJN/JMP/MVB