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flag Peru Peru: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labor | Social Partners

 

Setting Up a Company

La Sociedad de Responsabilidad Limitada / SARL is a Private Limited Company.
Number of partners: Minimum 2 without limitation in the number of partners
Capital (max/min): No minimum capital.
Shareholders and liability: Liability is limited to the amount contributed.
Sociedad anonima / SA is a Public Limited Company.
Number of partners: Minimum 2 without limitation in the number of partners
Capital (max/min): No minimum capital.
Shareholders and liability: Liability is limited to the amount contributed.
Sociedad in comandita simple / SCS is a limited partnership.
Number of partners: Minimum 2 without limitation in the number of partners. Two types of partners: active partners and sleeping partners.
Capital (max/min): No minimum capital.
Shareholders and liability: Liability of active partners is unlimited. Liability of sleeping partners is limited to the amount contributed as long as they do not take part in the company management.
The Competent Organization
National Register of SME's.
 
Setting Up a Company Peru Latin America & Caribbean
Procedures (number) 5.0 9.0
Time (days) 26.0 53.0

Source: Doing Business.

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Peru.
Trade Register

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The Active Population in Figures

20112012
Labor force 15,900,00016,160,000

Source: CIA - The world factbook

 
200920102011
Total activity rate -67.10%76.20%
Men activity rate 76.00%84.70%84.70%
Women activity rate 58.20%67.40%67.80%

Source: UN - United Nations

 

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Working Conditions

Legal Weekly Duration
48 hours
Retirement Age
65.
Working Contracts
Employment contracts are regulated by legal clauses and to a lesser degree by collective agreements and individual negotiations.
The terms of employment contracts, the conditions for hiring and the limits for dismissal are very flexible.
Labor Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

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Cost of Labor

Minimum Wage
PEN 675 per month (source: ILO, 2011).
Average Wage
Gross average monthly wage of men: PEN 1,240 (source: ILO, 2010);
Gross average monthly wage of women: PEN 891 (source: ILO, 2010).
Social contributions
Social Security Contributions Paid By Employers: 27%.
Social Security Contributions Paid By Employees: 0 %.

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Social Partners

Social Dialogue and Involvement of Social Partners
The Peru - Solidarity Center (General Confederation of the workers of Peru) is the main actor.
Unions
Peru's Unified Union of Education Workers
General Confederation of Peruvian Workers
Unionization Rate
6%.
Labor Regulation Bodies
Ministry of Labor and Promotion of Employment

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Last Updates: January 2015