Chancay Mega-Port in Peru Could Reshape LATAM Trade – Here’s What Global Businesses Need to Know

The Chancay mega-port, opened in November 2024, marks a turning point in Latin America’s role in global trade. Built by COSCO Shipping (60%) and Peru’s Volcan (40%) with about US$1.3 billion invested in its first phase, this advanced infrastructure project is positioned to rival top South American ports and redefine how goods flow between Asia and LATAM.

With direct services to Asia already running, businesses are moving to use what could become the most strategic Pacific gateway in the region.

If you are a foreign company or investor planning to establish operations in Peru, you can review our complete service page for company registration in Peru, where we explain the process, requirements, timelines, and how Easyco supports international businesses.

Why the Chancay Port Matters

Located about 80 km north of Lima, the Chancay port can reduce transit times between China and South America by up to 10 days, offering an efficient alternative to Chilean ports like Valparaíso and San Antonio.

The port is designed to:

• Handle about 1 million TEUs a year in its first phase.
• Create a logistics and industrial hub to support free-trade activity.
• Trigger a ripple effect in regional infrastructure and trade policy.

For international companies, this means lower shipping costs, better access to South American markets, and a real opportunity to restructure supply chains for long-term resilience.

The Impact on LATAM Business Expansion

This shift in logistics isn’t just about speed—it’s about strategy. As Asia–LATAM trade grows, companies need to think beyond warehouses and shipping lines. They need legal presence, compliant operations, and flexible structures across multiple jurisdictions.

Key considerations include:

• Company formation in Peru or nearby trade-friendly countries (see how to set up a company in Peru).
• Setting up holding entities or trading hubs to optimize tax exposure.
• Ensuring regulatory compliance, especially with customs and cross-border tax regimes.
• Implementing streamlined payroll and local hiring strategies to support new operations.

Related reading: Accounting and Tax Outsourcing in Latin America
Explore: Payroll and Hiring Services Across LATAM

How to Get Ahead of the Curve

While the Chancay port opens a literal gateway for goods, smart businesses are realizing they also need a strategic entry point into the region’s legal and regulatory frameworks. The earlier you establish presence, the better you can:

• Capture market share in high-growth sectors.
• Reduce tax leakage through optimized international structures.
• Build operational resilience as supply chains shift toward the Pacific.

Get help from Easyco

Easyco coordinates company formation in Peru up to the issue of the RUC, and supports companies afterwards with tax, accounting, payroll and legal representation. Contact us to discuss your project.

With experience serving clients from over 30 countries and industries ranging from e-commerce to logistics, we help you launch and scale in Latin America—without the bureaucracy.

It’s Easy. That’s not just our name—it’s our promise.