Peru

Click here for more Latin America Links and Resources

FITA helps you find
service providers for:

Operating a Business in Peru

Setting up a company | Working conditions | Cost of labor | Social partners

Setting up a company

Legal business entities

Types of companies and capital (max/min)	Number of partners/shareholders and liability	Registration fees
La Sociedad de Responsabilidad Limitada / SARL is a Private Limited Company. No minimum capital.	No minimum. Maximum 20 partners. Liability is limited to the amount contributed.	Check the uniqueness of the proposed company name: USD 2-6. Sign and notarize the incorporation papers: USD 400. Deposit 25% of capital in a bank: 0.07% of transaction value. Register the incorporation documents: 0.3% of capital + USD 23. Stamp the accounting book: USD 35-72. Obtain a Certificate of Compatibility: USD 0-40. Obtain municipal license: USD 90.
Sociedad anonima / SA is a Public Limited Company. No minimum capital.	Minimum 3 partners. Liability is limited to the amount contribued.	Check the uniqueness of the proposed company name: USD 2-6. Sign and notarize the incorporation papers: USD 400. Deposit 25% of capital in a bank: 0.07% of transaction value. Register the incorporation documents: 0.3% of capital + USD 23. Stamp the accounting book: USD 35-72. Obtain a Certificate of Compatibility: USD 0-40. Obtain municipal license: USD 90.
Sociedad in comandita simple / SCS is a limited partnership. No minimum capital.	Two types of partners: active partners and sleeping partners. 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.	Check the uniqueness of the proposed company name: USD 2-6. Sign and notarize the incorporation papers: USD 400. Deposit 25% of capital in a bank: 0.07% of transaction value. Register the incorporation documents: 0.3% of capital + USD 23. Stamp the accounting book: USD 35-72. Obtain a Certificate of Compatibility: USD 0-40. Obtain municipal license: USD 90.

Business setup procedures: First step: choosing the type of company;

Second step: preparation of the "Minuta de Constitucion", the company's social contract containing the following information: identification of the partners, articles, description of the directors' posts. The "Minuta" must be signed by a lawyer.

Third step: opening a bank account in the name of the company in a local banking institution

Fourth step: registering the company with the "Superintendencia nacional de los Registros publicos".

Fifth step: obtaining a Registro del Contribuyente (RUC).

Sixth step: opening and legalizing accounting ledgers, obtaining an authorization for the "Libro de Planillas" from the Ministry of Labor, obtaining a municipal operating license.

Seventh step: registering the company with the direct foreign investment register.
The competent organization: All foreign capital companies must be registered with the National Commission for Investment and Foreign Technologies.

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.

Cost of labor

Minimum wage: 486 soles (USD 153)
Average wage: 800 soles (USD 250)
Social contributions: Social security contributions paid by employers: 27%.
Social security contributions paid by employees: 0 %.

Social partners

Social dialogue and involvement of social partners: The Confederacion General de Trabajadores del Peru (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

Any comments about this content? Report it to us.