For the updated version please visit the following page: https://www.bizlatinhub.com/company-formation-peru/ Peru is without a doubt one of the fastest growing economies in Latin America. Its growing international attraction, lucrative mining industry, and business-friendly incentives are some of the reasons for the success the Peruvian market is experiencing. Although it is enticing, it can be difficult to do business in a country where one does not fully understand the regulations and laws to form a company there. In order to help you get a better insight on the steps in this process, our Peruvian business experts have created a company formation presentation for Peru. We hope it helps! If you have any more questions about how to incorporate your company in Peru, find the contact sheet at the bottom of this page to get in touch with us. Doing Business in Peru - Provided is a detailed guide on the process for incorporating a company in Peru, including information on the types of companies in Peru, the duration to form a company in Peru, information about the initial capital requirements for a new legal entity in Peru and other key requirements for establishing a company in Peru. Furthermore, the steps on how to form the most common type of company in Peru and to open a corporate bank account are provided. Proudly provided by the Biz Latin Hub Group - www.bizlatinhub.com - Latin America´s leading provider of Market Entry and Back Office Services in both English and Spanish.

1. Peru – How to Form a Company
in Peru?
www.bizlatinhub.com

2. ABOUT US
The Biz Latin Hub Group was established in 2014 to
assist both local and foreign companies doing business
in Latin America, by providing a full suite of multilingual
Commercial Representation and Back Office Services.
The group is owned and managed by an experienced
team of local and expat professionals, dedicated to
assisting clients to navigate their way through the
complexities of Latin American business environment.
www.bizlatinhub.com

3. www.bizlatinhub.com
8 Steps

4. www.bizlatinhub.com
Step 1 – Choose the Style of Legal
Structure for Your Business Needs
Joint Stock
Company
(S.A.)
There are number of different legal
structures you can choose from when
forming your company:
• Joint Stock Company (S.A)
• Closely Held Company (S.A.C)
• Public Held Corporation (S.A.A)
• Limited Liability Company (S.R.L)
The majority of companies that are set up
in Peru are Joint Stock Companies
(S.A.C).
This presentation will outline the process
of setting up a:

5. www.bizlatinhub.com
Key Considerations When Forming a
Company in Peru
• Yes
Is Foreign Ownership Allowed?
• 20% of total employees
Can a company sponsor foreign
employees?
• Zero
Capital Controls
• 4-6 weeks
How Long Does it Take (Including bank
account)
• >USD $150
Minimum Capital
• Yes, in order to obtain the RUC number
Requires a Fiscal Address and Legal
Representation?
• Peruvian Soles and USD
Currency
• 2
Min Number of Shareholders

6. www.bizlatinhub.com
Step 2 – Power of Attorney
Get the ball rolling…
• Whether you have someone you trust
in Peru, or you need to hire the
services of a third party to incorporate a
company on Peruvian soil, a power of
attorney must be drafted and signed.
• The idea is to provide the agent with all
faculties needed to represent you or
your foreign company in the country so
that he/she can form the company in a
lawful manner.

7. www.bizlatinhub.com
Define what your company will do…
You have to carry out a search for your
company name and get it officially
approved in SUNARP.
Once the company’s name has been
approved it is time to start drafting the
bylaws and articles to create the
incorporation document. This includes:
• Name of the company
• Social capital
• General information of leaderships or
partners
• Address
• Duration of the company
Step 4 - Bylaws

8. www.bizlatinhub.com
Step 4 – Registration SUNARP
An Important Step…
You have to register before the National
Superintendence of Public Registries
(SUNARP), which is done by a notary
public

9. www.bizlatinhub.com
Step 5 – Registration SUNAT
Getting formal…
• In Peru, all new companies must be
registered and have a Taxpayer
Identification Number (RUC in
Spanish).
• The legal representative must present
documents before the National Tax
Authority (SUNAT) and will obtain the
certificate of registration and obtain the
taxpayer identification number.

10. www.bizlatinhub.com
Step 6 – Statutory Books & Accounting
Record
Get it in the books…
Another step is the legalization of statutory
books and accounting records.
These must be legalized (stamped) by a
public notary.

11. www.bizlatinhub.com
Step 7 – Municipal License
Almost there…
The municipal license is needed to
operate commercially, and also for
services, industrial and professional
service establishments.
This is granted by the applicable
municipality.

12. www.bizlatinhub.com
Step 8 – Bank account
Final step!
Opening an account in the name of the
company is required.
You will need PEN 500 for a Peruvian Soles
bank account, USD $500 if you have a US
bank account and €500 for a Euro bank
account.
• There is no limit on how much you can
put in the account.
You must present:
• A DNI (National Peruvian ID document)
or a foreign residence card
• Proof of residence.

13. www.bizlatinhub.com
Do Not Forget!
All Companies in Mexico require…
A LEGAL REPRESENTATIVE
Must be a Peruvian national, or a foreign
national with a legal right to live and work in
Peru.
A FISCAL/ DOMICILE ADDRESS
(i.e. an address as part of the
company registration)
Biz Latin Hub
Can Provide These
Services!

15. CONTACT US
www.bizlatinhub.com
Buenos Aires – Argentina
Argentina@bizlatinhub.com
Panama City – Panama
Panama@bizlatinhub.com
Belize City – Belize
Belize@bizlatinhub.com
São Paulo – Brazil
Brazil@bizlatinhub.com
Guayaquil – Ecuador
Ecuador@bizlatinhub.com
Santiago – Chili
Chili@bizlatinhub.com
Bogotá – Colombia
Colombia@bizlatinhub.com
México City – México
Mexico@bizlatinhub.com
Lima – Peru
Peru@bizlatinhub.com

16. OUR SERVICES
www.bizlatinhub.com
• Commercial Representation Services
• Company Formation Services
• Visa Processing Services
• Accounting & Finance Services
• Legal Services
• Due Diligence Services
• IT Support Services
• Recruitment Services

17. RECENT ARTICLES
www.bizlatinhub.com
How to Set Up a Company
or Corporation in Peru –
Lima Lawyer
Tax Accountant: When Do
You Have to Pay Taxes in
Peru in 2018?
CPTPP: What Does This
Mean For Business in
LATAM?