Eleanor Griffis is the author of "The Lima Survival Kit, a guide for Foreign Residents."
She is also the publisher of the Peruvian Times.com

Although the basic rules, and hurdles, apply to any foreign investor starting up a business in Peru,

Drogueria Cantt

Born in Lima-Peru, on February 24, 1958 from an American Mother and a Peruvian Father, only male son out of three children, lived most of my young years in Peru, graduating from High School in 1975. In 1976, I started college in the United States, first at

One of the most popular new restaurants to open in Lima over the past year or so is La Bistecca, located on Av. Conquistadores in San Isidro. It is a high-end buffet restaurant that bills itself as a “Pasta Grill”, and it is spectacular.

November saw the innauguration of a new “concept” night organized by the ACAP in our effort to attract a new generation of members. The first “Night on the Town” was held at The Si Señor restaurant/pub in old Miraflores. This was an informal gathering over natchos and beer and over thirty people took part. The stand-up dynamic in a pub setting made it easy to mingle and meet new people.

The success of the event was positive news for the committee that organized it , which is headed by ACAP Director Tom Findley. The mission of the committee is to attract younger members through affordable social events. Be on the lookout for upcoming “Nights Out”. Already on the agenda are a coffee house night, a chifa buffet, and a bowling excursion that includes a prize of US$1,000,000. Now that I really have your attention, I hope you will join us.

ACAP Celebrates Christmas

An exquisitely restored mansion in Barranco opened its garden to seventy five ACAP members for the annual Christmas Party. We had a tour of the house, pisco sours and a wonderful buffet dinner. As a special treat, we had a wine tasting by Enrique Cantt.

A Little Taste of Italy
By Jim Plunkett

Mama Mia! Approximately ACAP members and friends filled the red & white checkered tables at don Rosalino´s italian restaurant in San Borja Wednesday evening, November 19th. The occasion was used to celebrate the opening of the famous APEC event in Lima which brought delegations from more than 21 countries bordering on the Pacific Ocean rim.

In addition to a fine Italian dinner, we enjoyed fine wine supplied by ACAP member, Enrique Cannt

By Alan LaRue

President: Michael M. DeBakey

Michael DeBakey is a U.S. citizen and has been a resident of Lima for over 48 years. He is a graduate of the University of the South and the American Institute of Foreign Trade. He serves currently as President of ACAP.

Peru's economy has become the envy of Latin America and it shows few signs of slowing down. Free trade agreements with the United States, Canada and other countries; investment grade ratings from Standard & Poor's and Fitch; growth rates that lead Latin America; much higher levels of exports; and low inflation make the country a textbook example of what to do right. No statistic is more impressive than direct foreign investment which is a true measure of what investors think about a country.

This Web Scout provides numbers about sources and types of Foreign Direct Investment in Peru and includes background articles on FDI issues. FDI is defined as investments of foreign assets into domestic structures, equipment, and organizations, not including foreign investment in stock markets and including a requirement for at least ten percent of control over investment stock. Remember that it is easier to access the links suggested if you go to the online version of the ACAP Magazine http://www.acap-peru.org and click on the WebScout article.

Steve Guschov is originally from the Boston area. He grew up as a diehard Red Sox fan, and has always found it very peculiar that the Red Sox waited until he was deep in the Amazon jungle before finally winning a World Series championship in 2004.