FIBRA and FIRBI are newfound investment vehicles in Peru which intend to imitate the form of the USREIT (Real Estate Investment Trusts) establishing a series of benefits to invest in real estate assets. Although the new legislation is ambitious, it is yet perfectible, so that a literal interpretation by the competent authorities (Superintendency of Capital Market– SMV and National Superintendency of Customs and Tax Administration -SUNAT) does not cause such benefits to become unachievable in practice.In the article herein, the authors elaborate an approximation to the FIBRA and FIRBI based on the peruvian regulation, the benefits of the utilization of these mechanisms and the opportunities to improve their regulation.

FIBRA and FIRBI are newfound investment vehicles in Peru which intend to imitate the form of the USREIT (Real Estate Investment Trusts) establishing a series of benefits to invest in real estate assets. Although the new legislation is ambitious, it is yet perfectible, so that a literal interpretation by the competent authorities (Superintendency of Capital Market– SMV and National Superintendency of Customs and Tax Administration -SUNAT) does not cause such benefits to become unachievable in practice.In the article herein, the authors elaborate an approximation to the FIBRA and FIRBI based on the peruvian regulation, the benefits of the utilization of these mechanisms and the opportunities to improve their regulation.

Poco se habla sobre la falta de un - verdadero - catastro predial en el Perú, aunque mucho se habla sobre la gran cantidad de problemas que tiene el país en parte causado por su ausencia: retrasos en proyectos de infraestructura, superposiciones registrales, falta de planeamiento territorial, baja recaudación tributaria municipal, entre otros. Este artículo pretende poner de relieve la situación catastral del país, a dos centenas de su independencia, y ofrecer recomendaciones para poder contar con un verdadero catastro de predios.

FIBRA and FIRBI are newfound investment vehicles in Peru which intend to imitate the form of the USREIT (Real Estate Investment Trusts) establishing a series of benefits to invest in real estate assets. Although the new legislation is ambitious, it is yet perfectible, so that a literal interpretation by the competent authorities (Superintendency of Capital Market– SMV and National Superintendency of Customs and Tax Administration -SUNAT) does not cause such benefits to become unachievable in practice.In the article herein, the authors elaborate an approximation to the FIBRA and FIRBI based on the peruvian regulation, the benefits of the utilization of these mechanisms and the opportunities to improve their regulation.