Business entities in Peru in 2022

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Since 2003, Healy Consultants provides our Clients with the best corporate structures for doing business in Peru. The most common corporate vehicle preferred by foreign entrepreneurs setting up in Peru is the limited liability company. Lastly, foreign multinationals are also allowed to set up branch offices or representative offices in Peru.

The Peru limited liability company (Sociedad de responsabilidad limitada)

The Peruvian SRL requires at least 2 shareholders who can either be individuals or legal entities to be incorporated. An SRL without a director but must appoint at least 1 manager to be in charge of the company management. The shareholders can be of any nationality and are not required to be ordinarily resident in Peru.

The Peru joint stock company (Sociedad anónima)

The Peruvian joint stock company (JSC) is the most common corporate vehicle used by entrepreneurs setting up businesses in Peru. A JSC requires at least 2 shareholders who can either be individuals or corporate bodies of any nationality. Like an LLC, there is no minimum share capital requirement to setup such business entity in Peru. This entity must appoint at least 3 directors who must be individuals and must not be resident in Peru.

Peru Closely-Held corporation (Sociedad Anónima Cerrada SAC)

The Peruvian Closely-Held Corporation (SAC) requires at least two shareholders, who can be either individuals or corporate bodies of any nationality. However, this business entity requires a Chief Executive Officer (CEO) or General Manager who is domiciled in Peru. This type of business entity must have a company name followed by the words ‘Closed Company’, or its initials in Spanish (SAC). There is no minimum share capital requirement to register this business entity in Peru.

The Perun branch (sucursal)

The Peruvian General Companies Law (LGS) permits foreign legal entities looking to setup permanent establishments in Peru to set up branch offices. This entity is not considered a separate legal entity except for taxation purposes and therefore its parent company is responsible for its obligations and activities. The branch must appoint a permanent legal representative who must be resident in Peru.

The Perun representative office (oficina de representación)

A Peruvian representative office is not considered a legal entity separate from its parent company and is not allowed to conduct any commercial activities in Peru. The representative office may only carry out market research and promote products and services of the parent company in Peru.

Comparison table between Peru business entities

  LLC JSC Branch office Rep office
Also known as SRL SA Sucursal Oficina de representacion
How long to set the company up? 12 weeks 14 weeks 15 weeks 13 weeks
How long to open company bank account? 5 weeks 5 weeks 5 weeks 5 weeks
Legal liability? Limited Limited Unlimited Unlimited
Wholly foreign owned? Yes Yes Yes Yes
Minimum share capital? US$1 US$1 US$1 US$1
File annual tax return? Yes Yes Yes No
Tax registration certificate required? Yes Yes Yes No
Recommended corporate bank account? Standard Chartered CitiBank Santander BBVA
Does our Client need to travel? No No No No
Resident director required? No No No No
Resident shareholder required? No No No No
Minimum directors allowed? 0 3 1 1
Minimum shareholders? 2 2 1 1
Tax identification code (TIN) needed? Yes Yes Yes No
Peru resident company secretary required? No No No No
Corporate shareholders allowed? Yes Yes Yes Yes
Corporate director(s) allowed? Yes Yes No No
Peru corporate tax rate? 30% 30% 30% 0%
Annual financial statements required? Yes Yes Yes No
Statutory audit required? No Yes No No
Regulated by? Ministry of Trade Ministry of Trade Ministry of Trade Ministry of Trade
Allowed to issue sales invoices? Yes Yes Yes No
Allowed to sign contracts? Yes Yes Yes No
Allowed to import and export goods? Yes Yes Yes No
Can rent an office space in Peru? Yes Yes Yes Yes
Can buy Peru property? Yes Yes Yes No
Can own equity in other Peru companies? Yes Yes Yes No
Total Peru business setup costs in Yr. 1 US$16,000 US$17,300 US$17,300 US$13,350
Subsequent annual costs (incl. accounting and tax fee) US$5,390 US$6,200 US$5,390 US$5,400
Sample engagement invoice View invoice PDF View invoice PDF View invoice PDF View invoice PDF

Contact us

For additional information on our business setup 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 Peru national superintendency of immigration government portal Ministry of economy and finance Ministry of foreign affairs of Peru