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Peru Company Registration Types

Updated:2018-10-17 12:29:39    Source:www.tannet-group.comViews:30

Peru company registration is a popular choice for foreign investors. Many foreigners have successfully managed to set up a business in Peru thanks to several incentives and simplified procedures. Because of this, Peru has become Latin America's most business-friendly destination. Popular sectors for investment include Information Technology, Finance, Industry, and Mining. However, despite the investment-friendly climate, there are still procedures to follow and conditions to be met in order to set up a business as an expatriate. Below are the common business forms in Peru.

1. Corporation
This type of legal entity must be incorporated by two or more individuals or legal entities, by means of a public deed by a Notary Public and registered at Superintendencia Nacional de los Registros Públicos (SUNARP).

There are three main types of corporations:
(1) Private Corporation: Contributions to capital are represented by shares and liability is limited to the amount of the contribution. It must have a Board of Directors and a General Manager.
(2) Private Closed Corporation: No more than twenty shareholders are allowed, its shares are not listed on the stock exchange, and the transfer of shares is subject to restrictions. The Board of Directors is optional, but the corporation must have a General Manager.
(3) Public Corporation: Either (a) an initial public offering of shares or convertible bonds has been carried out, it has more than 750 shareholders, and/or over 35 percent of the share capital has to be distributed among 175 or more shareholders; or (b) all its shares are registered with the Stock Exchange. A Board of Directors and general manager are both mandatory.

2. Limited Liability Company
This type of company must be incorporated at least two and no more than twenty individuals or legal entities, by means of a public deed by a Notary Public, and registered at SUNARP. The capital of a Limited Liability Company is divided into equal, accumulative and nondivisible participations, which must not be treated as shares, and no title or document is issued to its holder. The partners of the companies are not liable for the company’s obligations.

The management of the company is entrusted to one or more managers, who may or may not be partners, and who represent the company in every matter related to its corporate purpose. As a consequence of their appointment, managers hold general and special representation powers.

3. Branch of a Foreign Company
A branch does not have legal independence or a different legal status from its head office. However, it is considered as an independent company for tax purposes. In that sense, a branch must be registered by means of a public deed issued by a legal representative of the head office in Peru. In case the document were to be in a foreign language, it must be translated to Spanish by a Peruvian official translator in order for it to be submitted to SUNARP.

When establishing a company in Peru, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. Tannet has the local knowledge to help you identify and face any challenge or opportunity for your business. Whether you are a small new business or a multinational company, we can help our clients with services to help with incorporation.

Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143512, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

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