Registration company in Peru

How to register company in Peru

Peru is one of the largest countries in South America with the capital in Lima and the nuevo sol ("new sol") currency. The country and the government is headed by the president. More than 30 million people reside in the republic.

Peru is divided into 295 administrative units called provinces.
The official language is Spanish. Simultaneously, some representatives of the descendants of the Maya Indians still speak Quechua and Aymara which are ancient languages modified to some extent.

The country's economy is developing on the basis of exports of copper, gold, zinc, and textiles. There is mining industry among the main fields of investments. Capital outflow from the country is not obstructed. And this is one of the reasons why it is cost-effective to do business in Peru.

If you decide to register or buy company in Peru, you should be aware with the following useful information.

Forms of doing business in Peru

Business registration in Peru is possible in the form of limited liability company:

• Commercial company (corresponding to LLC);
• Corporation:

- Ordinary corporation. Maximum number of shareholders equals to 750 persons,

- Anonymous corporation. The number of shareholders is not limited,

- Private corporation. The number of shareholders shall not exceed 20 persons.

This form of the company in Peru is the most popular among foreign businessmen.

Company registration in Peru. Main provisions

• In order to establish company in Peru, the following is necessary:

- tourist visa,
- permission on establishment of the company, issued by the government,
- working visa/investor visa.

• Minimum amount of shares of each participant is not specified. Nevertheless, the share in amount of $ 25,000 is required in order to obtain investor visa in Peru. And another important aspect is that at least 80% of residents of Peru should be employed at such enterprise.
• Another requirements are the following:

- prepare business plan and submit it to the Directorate of Immigration and Naturalization,

- obtain official permission to legalization of the signature of the head (owner) of the company,

- prepare the charter and other necessary documents to be subsequently notarized.