Doing Business

Respect in Peruvian corporate culture is mostly determined by position, rank, education, and age. In this country, business interactions occur between individuals rather than between businesses. Even if you have acquired the friendship and confidence of your local business partners, they may not trust others in your organization.

Personal ties with individuals in Peru might help you create strong networks and achieve your business goals. Third-party introductions may be a terrific place to start when it comes to creating a trusting relationship with a possible spouse.

When meeting someone for the first time, it is necessary to exchange business cards, therefore carry more than you need. Make your professional title and advanced degrees visible on your business card. Meetings typically begin with small conversation that might go for quite some time. It is vital to remain patient and allow the opposite side to choose the pace.

People enjoy a good sense of humor, so keep it light and welcoming. In Peru, business is regarded seriously, and meetings may be somewhat formal. They might look a little hectic at times, with many interruptions and multiple simultaneous talks.

Peruvians value long-term commitments from business partners and base their agreements on long-term rewards. The majority of individuals here are cooperative, but they may be resistant to make compromises until it is their only alternative to keep the negotiation moving forward.