Are you planning to start your business in the business-friendly climate of Peru? If yes, you are at the right place. At Enterworld, we will help you register, manage, and grow your business in Peru. Talk to our experts for easy and worry-free company registration in Peru.
Enterworld offers a simplified and straightforward process for company formation in Peru.
Enterworld will help you understand the regulations for company registration in Peru.
We will assist you in choosing the right company structure for your business.
Enterworld will help you prepare the mandatory documents for company formation in Peru.
We will help you register your company with the National Superintendency of Public Registries (SUNARP).
We will help you in finding the right office space for smooth business operations.
We will help you register for a Tax Identification Number (RUC) with the Peru tax authority SUNAT.
We will guide you in registering for a municipal license in Peru with the local city council.
Enterworld will help you with all the post-registration obligations in Peru.
4 to 8 Weeks
Company Registration
No
Travel Required?
100%
Foreign Ownership
No
Resident Director
SPecial offer
40% Off
Global Opportunities Await
Understanding Company Registration in Peru
Peru, located in Western South America, is known for its rich culture, history, and world-famous attractions like Machu Picchu. In recent years, because of its stable and growing economy, Peru has become a promising country for business. Peru also has strong trade agreements with major countries of the world. Company registration in Peru is easy and effortless with Enterworld expert-led support.
The business landscape in Peru is rapidly evolving as the government is focusing on attracting more foreign investment through digital reforms, trade agreements and simplified process for company registration in Peru. The country also offers opportunities in diverse sectors such as technology, mining, agriculture, and tourism to start and expand your business in Peru.
The economic growth of Peru is expected to see a growth of around 3.0% to 3.1%, showing economic stability. If you are looking to enter the Peruvian market, you can establish a company with Enterworld. We have expert professionals who can guide you through every step of company formation in Peru.
Types of Business Structures for Company Incorporation in Peru
When you register a business in Peru, you can choose from different legal structures depending on your business goals. Each structure offers a specific advantage for ownership, liability, size of the company, management and company goals. Therefore, choosing the right structure helps you operate your business smoothly. The key structures for company incorporation in Peru are:
The Peru Limited Liability Company (Sociedad De Responsabilidad Limitada)
Company registration in Peru as a limited liability company, locally known as Sociedad De Responsabilidad Limitada (SRL), is a simple structure that requires a minimum of two partners and a maximum of twenty partners who can be of any nationality.
You can establish an SRL without a director, but you will have to appoint a minimum of one manager to manage the company operations and represent the company. This structure is preferred by small and medium enterprises and foreign investors.
The minimum share capital in an SRL will have to be divided depending on the interests of the partnership, instead of shares, with strict restrictions on transfer of ownership. The partners will enjoy limited liability, and the personal assets of the partners are protected from company obligations.
The Peru Joint Stock Company (Sociedad Anónima)
Company registration in Peru as a joint stock company, locally known as Sociedad Anónima (SA), is a preferred structure if you are looking to expand your company or raise capital for investment by issuing shares to the public.
For company formation in Peru as a joint stock company, you will need a minimum of two shareholders and a minimum of three directors, who can be of any nationality. There is no minimum share capital for a joint stock company, but it is divided into shares among the partners, and it is mandatory to pay a minimum of 25% capital of each share at the time of incorporation.
Additionally, as a foreign entrepreneur, you will enjoy 100% foreign ownership. However, SA requires compliance with strict financial disclosure and governance.
Peru Closely-Held Corporation (Sociedad Anónima Cerrada SAC)
Company registration in Peru as a closely-held corporation, locally known as Sociedad Anónima Cerrada SAC is a corporate structure popular for small and medium-sized businesses and foreign investors.
For incorporation, you will need a minimum of two shareholders and a maximum of twenty shareholders, who can be either an individual or a corporate entity of any nationality. You will have to add the words “Closed Company” or the initials in Spanish (SAC) with your company name and have a registered fiscal office. A closely-held corporation in Peru will need to appoint a Chief Executive Officer (CEO) or a general manager who is a permanent resident of Peru.
The benefits of starting a closely-held corporation in Peru include no minimum share capital, limited liability, and a straightforward setup process.
Branch Office (Sucursal)
Company registration in Peru as a branch is for foreign entrepreneurs who wish to extend their business operations to the local Peruvian market. The General Companies Law (LGS) of Peru allows foreign companies to establish a permanent company in the country as a branch office. A branch office is not considered a separate entity as it is a part of the existing parent company.
The business operations and company obligations of a branch office in Peru are entirely managed by the foreign company, except for the taxation process. Additionally, you will have to appoint a legal representative who is a permanent resident of Peru. A branch office is an extension of the foreign company, and you will have to register your branch office with the SUNARP (the National Superintendence of Public Registries).
The Perun Representative Office (Oficina De Representación)
A representative office is a non-legal entity structure for foreign company registration in Peru. It is not a separate legal entity from its parent foreign company and is not permitted to engage in commercial activities in Peru. A representative office is only allowed to conduct market research and promote the services or the products of the existing parent company.
For company incorporation in Peru as a representative office, it is mandatory to have a registered physical office, ensure regulatory and administrative compliance in Peru and adhere to the tax obligations of the country. A representative office is a liaison office and requires registration with the National Superintendence of Public Registries (SUNARP). You will also need to grant the power of attorney to a permanent resident of Peru who will act on your behalf for the company.
Enjoy 100% Foreign Ownership
Requirements for Company Registration in Peru
To register a company in Peru, you will have to follow a few legal steps. These steps are mandatory requirements to make sure your business is properly structured and complies with the Peruvian regulations. The key requirements for company registration in Peru include:
Reserve a Company Name
It is mandatory to choose at least three company names and reserve them through the online portal of the Peru National Superintendency of Public Registries (SUNARP). You will have to ensure that the name selected is unique and has not been used by other existing companies in Peru.
Prepare AoA and Incorporate into the Public Deed
Prepare the Articles of Association (AoA) that includes information on the company type, authorized capital, ownership, purpose and bylaws. The Articles of Association (AoA) must be formally notarized as a public deed. This document will officially establish your company’s legal structure.
Register with SUNARP
To officially operate your company in Peru, you will have to register your company with the Peru National Superintendency of Public Registries (SUNARP). The public deed will have to be registered with SUNARP to ensure that your company is a legal entity and legally allowed to conduct business operations in Peru.
Peru is becoming a rising business hub in Latin America with strong economic growth and a supportive investment climate. The government supports foreign investment through simplified procedures, tax benefits and clear legal frameworks, making company formation in Peru a top choice for entrepreneurs.
Growing Economy
Peru has a growing economy, supported by domestic consumption and stable policies. The country also has a strong macroeconomic environment, providing stability and creating a solid foundation for business growth and long-term investment opportunities.
Access to Trade
Peru has numerous free trade agreements with the US, China, the EU, and others, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and Peru’s Pacific Alliance membership with Chile, Mexico, and Colombia, offering reduced tariffs for exports.
Developed Digital Reforms
Peru has introduced the National Digital Transformation Policy 2023 to 2030 to focus on expanding digital services, boosting the digital economy of Peru and government initiatives to promote and access digital services through the National Digital Identity, Talent and Economy Platform.
Peru offers a range of attractive benefits for company registration. The country’s strong economic growth, business-friendly policies, excellent free-trade agreements, and smooth business setup are a few of the benefits offered for entrepreneurs looking to start a business in Peru. The other key benefits of company incorporation in Peru include:
The key benefits of business registration in Peru include:
Peru has a growing economy contributed by different sectors like mining, agriculture and services. The government of Peru has also shown resilience from the challenges of the pandemic and implemented strong economic policies to support recovery and attract investment to improve its economy.
Strong Trade Agreements
Peru has strong free-trade agreements with major countries of the world, like the United States, the European Union, China, South Korea and Japan, as an important strategy to boost its economy by reducing trade tariffs, allowing easy access for trade and promoting the products of the country. It is one of the significant benefits of company registration in Peru.
Young and Growing Workforce
The country has a young and growing workforce that is trainable, which has attracted many foreign companies to expand their business operations to Peru. The population of Peru has many young people under the age of 35, making it easy to find a workforce for your business in Peru. It is one of the key benefits of company incorporation in Peru.
Strategic Location
Peru is located in a geographically strategic location, giving you easy access to global markets and excellent connectivity for trade. The country also has excellent regional trade connectivity and access to both the Atlantic and Pacific oceans, making it a strategic gateway to South America.
Open to Foreign Investment
The government of Peru actively works to promote foreign investment and offers strong legal protection for foreign investors in Peru. It has equal rights and protection for both local and foreign investors as this helps the country by providing employment and facilitates economic growth.
Modernized Transportation Systems
Most of the cities in Peru have modernised transportation systems, which help businesses in smooth operations. The country has also invested in improving its transportation infrastructure and developing megaprojects like upgraded airports and ports, well-developed highways and digital technologies.
Diverse Sectors
Peru has diverse sectors such as mining, renewable energy, agriculture, tourism, and services, offering excellent opportunities for growth and industry diversity, allowing you to explore different markets. The country’s diverse economy gives you the flexibility to choose a business idea that you like.
Excellent Digital Reforms
Peru is introducing strong digital reforms to make it easier for all entrepreneurs to start a business in the country. Most of the government procedures, including company registration in Peru, licensing, tax filing, etc., can be done online. Peru has also prioritized digital payments to create a more accessible and investor-friendly country.
Documents Needed
Documents Required to Register a Business in Peru
Passport Copies
Company Name
Public Deed
Detailed Business Plan
Articles of Incorporation
Company Bylaws
Tax Identification
Proof of Registered Office
Proof of Capital
Information on Legal Representative
Business Registration in Peru
Profitable Ideas for Business Setup in Peru
Agriculture and agribusiness
Mining industry
Tourism industry
Manufacturing Sector
Technology and Digital Services
Infrastructure and Construction
Renewable Energy
Services Sector
Industrial Innovation
Frequently Asked Questions on Company Formation in Peru
To register a company in Peru, you will have to prepare the necessary documents and submit them along with the application for company registration in Peru. The required documents include the Articles of Association (AoA), ID proof, proof of physical local address, three selected company names for reservation, drafted bylaws with a lawyer’s signature, and proof of capital, etc. The important step is to notarize the bylaws to make it a public deed and register your company with the Peru Public Registry (SUNARP).
Important Documents for Company Incorporation in Peru
Identity Proof: National ID or copies of passports for all shareholders and directors.
Company Bylaws (Minuta de Constitución): The company bylaws must be prepared by a legal Peruvian lawyer and should include the legal structure, the company’s objectives, and the roles and responsibilities of the shareholders.
Company Name: Submit three selected names for the company and reserve it with the Peru National Superintendency of Public Registries (SUNARP).
Proof of Capital: The initial share capital for company incorporation in Peru must be deposited in the corporate bank account of Peru, along with proof of deposit.
Proof of Address: Submit proof of a physical address located in Peru, such as a lease agreement, utility bill, or property title for the business location.
Information on Legal Representative: Provide a copy of the identity proof of the legal representative, who must be a permanent resident of Peru.
Notarized Public Documents: After the bylaws are prepared, the notary will convert them into a public deed. Draft other mandatory documents as required for SUNARP registration.
Yes, foreigners can start a business in Peru without any restrictions on residency or nationality for company ownership. Additionally, foreign investors have the same rights and protection as the local investors. You will also enjoy 100% foreign ownership, and as a foreign entrepreneur, you can register your company remotely through a legal representative with the power of attorney.
Key Features of Starting a Business in Peru as a Foreigner
Company Formation: Company registration in Peru can be completed through the online portal of the National Superintendence of Public Registries (SUNARP), which is quick and simplified, depending on the type of company and the structure you choose.
Legal Requirements: As a foreign entrepreneur in Peru, you must ensure compliance with legal requirements such as submitting proof of identity, address proof, company documents, and following the necessary steps for company formation.
Sectors: Peru offers diverse business sectors where foreigners can invest freely. However, certain areas like forest-protected zones and those within 50 km of the borders have restrictions. Specific sectors such as arms, air transport, private security, and maritime require prior approval and authorization.
Company Ownership: Foreign entrepreneurs in Peru enjoy 100% ownership with no restrictions, providing full control over business operations. There is no requirement for a local partner, and registration can be completed online.
Legal Representative: Foreign entrepreneurs must appoint a legal representative to act on behalf of the company in Peru. The representative assists with company incorporation and ensures ongoing legal and regulatory compliance.
Post-Registration: After company registration in Peru, businesses must meet post-registration requirements such as annual financial filings, issuing digital invoices, maintaining financial records, and collecting and paying VAT.
To register a business in Peru, you will have to follow specific steps to ensure that you are in compliance with the country’s regulations. You will also need to choose a company name that is available, has not been used, and does not sound familiar to any other company in Peru. Company registration in Peru can be completed digitally, making it beneficial for foreign entrepreneurs to register the company without having to travel to Peru.
Step 1: Prepare the Documents and Bank Account
Company Name: Choose a company name following the official naming guidelines and reserve it with the National Superintendency of Public Registries (SUNARP).
Prepare Company Incorporation Documents: Draft the minutes of company incorporation along with the company bylaws, defining company goals, structure, and capital. These documents must be prepared by a Peruvian lawyer.
Open a Corporate Bank Account: Open a corporate bank account in Peru to ensure smooth financial operations and deposit the required share capital for company formation.
Step 2: Formalize and Company Registration
Notarize the Company Bylaws: The prepared company bylaws must be notarized formally to convert them into a public deed for company registration in Peru.
Company Registration: Submit the notarized public deed to the National Superintendency of Public Registries (SUNARP) to complete the company registration process in Peru.
Apply for TIN (RUC): Apply for a Tax Identification Number (RUC) with the Peru tax authority SUNAT and obtain your company’s digital credential Clave SOL and Tax number (RUC).
Step 3: Complete the Process
Formalize the Accounting Books: The company’s statutory and accounting books must be formally legalized before a notary in Peru.
Apply for Municipal License: Obtain the municipal license for your company by applying through the local city council to operate legally in Peru.
Yes, Peru is a good country to do business in as the country offers numerous benefits such as strategic location, free trade agreements, excellent digital reforms and a stable economy. Peru also offers many opportunities in diverse sectors and provides an open investment environment. However, it is advised to be prepared for challenges like complex bureaucracy, etc., and have a proper business plan before starting a business.
Advantages of Doing Business in Peru
Free-Trade Agreements: Peru has an extensive network of free trade agreements that reduce export costs and create a secure, stable legal system for investors and entrepreneurs.
Strong Diverse Industries: Peru’s key industries include mining, fishing, agribusiness, energy, tourism, manufacturing, and real estate, offering diverse opportunities for business growth.
Open to Foreign Investment: The country welcomes Foreign Direct Investment (FDI) and provides strong legal protection, supported by a favorable legislative and fiscal framework for foreign investors.
Strategic Location: Geographically well-positioned, Peru offers excellent access to regional and global markets with modern infrastructure, including roadways, ports, and airports.
Macroeconomic Stability: Businesses in Peru benefit from sound economic policies, a resilient financial system, and consistent macroeconomic stability.
Long-Term Success in Peru
Create a Detailed Business Plan: For long-term business success in Peru, develop a comprehensive business plan and gain a clear understanding of the country’s regulations and business environment.
Make Use of Trade Agreements: Take advantage of Peru’s free trade agreements to reduce export costs and improve your company’s competitiveness in international markets.
Take Help from Local Experts: Work with local experts and legal counsel in Peru to navigate complex regulations and efficiently manage administrative processes.
Partnership with Regional Logistics Providers: Collaborate with regional logistics partners to overcome transportation challenges and ensure smooth business operations.
Peru offers various structures for company registration, and the choice of structure will depend on your business type, ownership of the company, liability and business goals. Choosing the right structure will help you leverage the benefits of each structure. The common steps in company registration include choosing the right structure, preparing company incorporation documents and registering your company with the National Superintendence of Public Registries (SUNARP).
Company Structures
The Peru Limited Liability Company (Sociedad De Responsabilidad Limitada): Requires a minimum of two partners and a maximum of twenty partners, who can be of any nationality.
The Peru Joint Stock Company (Sociedad Anónima): A corporate structure that requires at least two shareholders and a minimum of three directors.
Peru Closely-Held Corporation (Sociedad Anónima Cerrada SAC): Designed for privately held companies, requiring a minimum of two shareholders.
The Peru Branch (Sucursal): A branch office for foreign companies entering the Peruvian market, allowed to conduct commercial business activities.
The Peru Representative Office (Oficina De Representación): A representative office for foreign companies, limited to market research and promotion of the parent company’s products.
The standard corporate tax rate for Peru is 29.5%. However, the tax rate can sometimes vary depending on the company’s size, industry and the country’s residency. Peru’s corporate tax rate is applicable for both resident and non-resident companies.
The resident company in Peru will be taxed on the worldwide income, but the non-resident companies will be taxed only on the income generated from Peru. Corporate Income Tax in Peru
Resident Companies: Companies established in Peru are taxed at a standard corporate tax rate of 29.5% on their worldwide income.
Non-Resident Companies: Foreign companies in Peru are taxed only on Peruvian-sourced income. Standard corporate tax is 30%, while branches of foreign companies are taxed at 29.5% like resident companies.
Small and Medium-sized Enterprise (SME) Tax System: Special tax system for SMEs with lower annual revenue, with tax rates of 10% or 29.5% depending on annual net income.
Special Income Tax System (Régimen Especial de Renta): For entrepreneurs with annual net income below a specific threshold, eligible for a 1.5% monthly tax on gross business revenue.
Withholding taxes
Services: Non-residents providing services in Peru are subject to a 30% withholding tax. Qualifying technical assistance services may benefit from a reduced rate of 15%.
Dividends: Dividends paid to non-resident companies by Peruvian companies are subject to a 5% withholding tax.
Interest: Interest payments to non-residents incur a 30% withholding tax. A reduced rate of 4.99% may apply in specific cases, such as loans used for business activities in Peru.
Royalties: All royalties paid to non-residents are subject to a 30% withholding tax.
Other Taxes
Value Added Tax (VAT): A standard tax rate of 18% applies, including 16% VAT and a 2% municipal promotion tax. Micro and small enterprises in tourism, restaurant, and hotel sectors may benefit from a reduced rate of 8%.
Asset Tax: Companies with total assets exceeding 1 million soles must pay a 0.4% tax on the company’s value.
Card Transaction Tax: A tax rate of 0.005% applies to certain debit and credit card transactions.
Mining Companies: Mining companies are subject to royalties and taxes at varying rates depending on the company.
Tax Incentives
Reduced Corporate Tax Rates: Certain companies in qualifying industries can benefit from a reduced corporate tax rate of 5%.
R&D Deductions: Research and Development businesses in Peru can deduct up to 175% of qualified R&D expenses.
Export Incentives: Export-focused businesses can access incentives and schemes, such as duty drawback, to reduce costs and enhance competitiveness.
The time required for company registration in Peru is between 4 and 8 weeks. However, the exact time taken will depend on the company’s structure, type of business and the accuracy of the documents submitted. The main steps of company registration include notarizing the documents, reserving a company name, company registration with the Public Registry, applying for a tax ID and obtaining a municipal license.
Approximate Breakdown of Timeline
Company Name Approval: Verifying and reserving a company name in Peru typically takes 1 to 2 days.
Company Registration with SUNARP: Registration with SUNARP requires approximately 35 working days for verification and certification.
Corporate Bank Account Approval: Bank account verification and approval usually take around 5 weeks, depending on the bank.
Notarization of Documents: Notarizing documents in Peru for company registration generally takes 2 to 3 weeks.
Obtain a Municipal License: Municipal licenses are issued within 1 to 2 weeks and can often be downloaded from the online portal.
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