Peru company registration

DOING BUSINESS IN PERU IN 2022

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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 Group PLC provides company registration services to our Clients willing to expand to this market.

Since 2003, Healy Consultants Group PLC 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.

Compare different Peru entities Tax resident LLC Free Zone Company Joint Stock company Branch Nominee fast solution
Also known as S.R.L SL or SA Sociedad Anonima Surcusal Solucion rapida
Best use of company? All products and services Manufacturing and trading Production company Specific projects Close a customer deal now
How soon can you invoice Clients/sign sales contracts? 6 weeks 7 weeks 4 months 7 weeks 4 weeks
How soon can you hire staff? 6 weeks 7 weeks 4 months 7 weeks 4 weeks
How soon can you sign a lease agreement? 6 weeks 7 weeks 4 months 7 weeks 4 weeks
How long to supply corporate bank account numbers? 10 weeks 11 weeks 8 months 11 weeks 5 weeks
How long to supply company registration / tax numbers? 10 weeks 11 weeks 8 months 11 weeks 5 weeks
Corporate tax rate on annual net profits? 29.5% 0% 29.5% 29.5% 29.5%
Limited liability entity? Yes Yes Yes No Yes
Resident director/partner/manager/ legal representative required? Yes Yes Yes Yes Yes
Minimum paid up share capital? US$1 US$1 US$1 none US$1
Corporate bank account location? GNB Bank Citi Bank Deutsche Bank GNB Bank SCB
Can secure trade finance? Yes No Yes Yes No
VAT payable on sales to local customers? 18% 18% 18% 18% 18%
Average total business set up engagement costs? US$16,000 US$17,890 US$17,300 US$17,300 US$21,360
Average total engagement period? 3 months 4 months 4 months 4 months 3 months

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Accounting and tax considerations Tax resident LLC Free Zone Company Joint Stock company Branch Nominee fast solution
Statutory corporate tax payable? 29.5% 0% 29.5% 29.5% 29.5%
Legally tax exempt if properly structured? No Yes No No No
Must file an annual tax return? Yes Yes Yes Yes Yes
Must file annual financial statements? Yes Yes Yes Yes Yes
Must appoint an auditor? No No Yes No No
Access to double taxation treaties? Yes Yes Yes Yes Yes
Withholding tax on payments to foreign shareholders? 5% 5% 5% 5% 5%
Company Registration Tax resident LLC Free Zone Company Joint Stock company Branch Nominee fast solution
Resident director/partner/manager/ legal representative required? No No No Yes No
Minimum number of shareholders/partners? 2 2 2 Parent company 2
Maximum shareholding for foreigners? 100% 100% 100% 100% 100%
Minimum statutory paid up share capital? US$1 US$1 US$1 None US$1
Shelf companies available? Yes No Yes No Yes
Time to incorporate a new entity? 6 weeks 7 weeks 4 months 7 weeks 4 weeks
Can easily convert to a PLC? Yes Yes Yes No Yes
Public register of shareholders and directors? Yes Yes Yes Yes Yes
Can have preference shareholders? Yes Yes Yes No Yes
Business Considerations Tax resident LLC Free Zone Company Joint Stock company Branch Nominee fast solution
Good entity for trademark registration? Yes Yes Yes Yes Yes
Can secure an import and export license? Yes Yes Yes Yes Yes

Government grants available? Yes
Government approval required for foreign owners? No
Can bid for Government contracts? Yes
Sponsorship by a local citizen required? No
Our Client needs to travel to Peru for business set up? No
Temporary physical office solutions available? Yes
Group HQ tax incentives? No
Security deposit to be kept with Government? No
You need a local resident as bank signatory? No
Can be wholly foreign owned? Yes
The entity will likely be regulated by? Public Register of Peru
Minimum number of directors/managers? 1
Monthly VAT reporting to the Government? Yes
Must sign an office lease agreement during incorporation? No
Shareholders & directors documents to be attested/translated? Yes
Each foreign director needs a personal income tax number? Yes
Foreign director needs a residence visa? No
Maximum number of staff allowed? No maximum number for any entity
Expatriate to local staff ratio? None
Can secure residence visa for business owner? Yes
Other useful information
What will be included in my customer sales invoice? Click link
This country has signed free trade agreements? Yes
This country is a member of WIPO/TRIPS? Yes
This country is a member of the ICSID? Yes
Average custom duties suffered? 2.2%
Government foreign investment approval required? No
Average monthly office rental? (US$ per sq m) US$20
Minimum statutory monthly salary? US$261
Average monthly US$ salary for local skilled employees? US$557
US$ deposit interest rate? (1 year average) 0.22%
Overseas remittance currency controls? None
Banking considerations
Multi-currency bank accounts available? Yes
Corporate visa debit cards available? Yes
Quality of e-banking platform? Good
Crowd funding available in this country? Yes

Peru business setup summary

Frequently asked questions

Contact us

For additional information on our company registration services in Peru, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi
central reserve bank of Peru  Peru travel Peru supervisory agency for state procurement (OSCE)  Lima airport, Peru government portal Ministry of economy and finance Ministry of foreign affairs of Peru