Legal Stability Agreement
|Characteristics||It is a Law-Agreement of civil, non-administrative nature. It is governed by the provisions of the Civil Code.|
|Who can apply?||Local and/or Foreign Investors and theReceiving companies of such investments.|
|Guarantees applicable to investors||
Stability of non-discrimination rights, Tax Income Regime applicable to investors, free disposal of currencies and rights to make remittances of gains, profit and royalties, applicable to foreign capitals.
|Guarantees applicable to receiving companies||
Stability of Tax Income Regimen, staff hiring regulations and export promotion schemes, provided that they are applied by the company after applying for the benefits.
|Requirements||Make monetary contributions through the National Financial System, for no less than US$ 10 million, in the mining and hydrocarbon sectors, or US$ 5 million, in any other financial activities.|
|Modality||Contributions can be made into the capital of an existing company or a company to be created, through high-risk investments formalized with third parties, into companies participating in concession contracts and, finally, into investments that require purchasing more than 50% of the shares owned by a government company in process of privatization.|
|Validity||10 years, except for concessions with duration subject to the validity period of the concession contract.|
|Dispute resolution||Through arbitration tribunals, in accordance with the applicable Peruvian legislation on the matter.|