Registering a company in Peru is a legitimate way for global entrepreneurs and foreign companies to conduct business not only in the country, but also throughout South America. Healy Consultants provides company registration services to our Clients willing to expand to this market.
Since 2003, Healy Consultants has assisted our Clients with business registration in Peru. Our services include i) Peru company incorporation ii) government license registration iii) business bank account opening iv) employee recruitment v) visa strategies and vi) office rental solutions.
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Advantages and disadvantages
Advantages of Peru company registration
- Only one shareholder and one director are required to register a company and start business operations in Peru;
- Peru business registration is cost effective due to low government registration fees and the absence of minimum capital requirements;
- A Peru company accesses a network of double taxation treaties the country has signed;
- Healy Consultants will open a corporate bank account to support business registration. Healy Consultants works with internationally-recognised banks such as HSBC, Standard Chartered, and Citibank.
Disadvantages of Peru company registration
- At least one shareholder of a company must be Peruvian. Healy Consultants’ Peru business registration specialist may however provide our Client with sleeping partner services to comply with this requirement;
- A Peruvian subsidiary company is subject to tax on corporate profits of 30% upon registration. Profits distributed to non-residents are taxed at 4.1%. Capital gains tax is 30%;
- According to the 2013 Index of Economic Freedom by The Heritage Foundation, Peru is poorly ranked as having the world’s 44th freest economy, and scores at 70% in terms of investment freedom and capital flows. The survey is a measure of freedom enjoyed in business, trade, monetary, financial, investment, and labor markets;
- Peru is poorly ranked as the world’s 61st most competitive economy out of 142 reviewed in the World Bank’s Global Competitiveness Report 2012 – 2013;
- Peru suffers from a poor international reputation as a place to do business. According to the World Bank’s Doing Business 2012 Survey, Peru is negatively ranked at 41st in world for its ease in which to do business in. The survey measures factors including business startup procedures, time, cost, and minimum capital required to start a business. In addition, Peru is negatively ranked as the world’s 83rd least corrupt country in the 2012 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.
- Time to incorporate: Twelve weeks
- Cost to set up: US$16,000
- Minimum capital: US$1
- Physical office required: Yes
- Shareholders: 2
- Directors: 0
- Company secretary: No
- Resident director: No
- Corporate tax rate: 30%
- Corporate tax base: Worldwide
- Shelf companies: No
- Main company type: SA Company
Frequently asked questions
How to register a business in Peru?For business registration, our Client will be required to i) reserve the company name ii) supply the Peru office lease agreement iii) sign the company setup forms iv) register for tax and social security and v) obtain required business license(s). Our business registration agent know perfectly how to register a company in Peru and will assist our Clients at every step.
Useful links for Peru
Government and public authority websites:
- Peru Tax Authority
- Peru Company Registrar
- Central Bank of Peru
- Peru Stock Exchange
- Investment Authority
- Chamber of Commerce
- Peru airport
- Visiting Peru
- Doing Business in Peru
- Doing Deals in Peru 2011
- KPMG – Peru Country Profile
- Perus’ Business and Investment Guide 2014/2014
- Doing Business 2014 – Peru Economy Profile
- Buiness and State Relations in Latin America