Peru

Ease of Doing Business in

Peru

This page summarizes Doing Business 2013 data for Peru. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

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Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region Latin America & Caribbean
Income Category Upper middle income
Population 29,399,817
GNI Per Capita (US$) 5,500
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
43 43 0

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
70.8 69.5 down 1.3
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 60 53 up -7
Dealing with Construction Permits 86 104 up 18
Getting Electricity 77 78 up 1
Registering Property 19 21 up 2
Getting Credit 23 23 No change
Protecting Investors 13 17 up 4
Paying Taxes 85 87 up 2
Trading Across Borders 60 58 up -2
Enforcing Contracts 115 115 No change
Resolving Insolvency 106 106 No change

Economy Profile

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Doing Business law library Law Library

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Additional Data

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2013 Rank 60 DB 2012 Rank 53 Change in Rank down-7
DB 2013 DTF** (% points) 86.3 DB 2012 DTF** (% points) 86.2 Improvement in DTF** (% points) up0.1
Indicator Peru Latin America & Caribbean OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology Procedures (number)
5 9 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology Time (days)
26 53 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology Cost (% of income per capita)
10.6 33.7 4.5

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology Paid-in Min. Capital (% of income per capita)
0.0 3.7 13.3
No. Procedure Time to Complete Associated Costs
1 Check the uniqueness of company name and reserve it online 1 day PEN 9 for search + PEN 9 for reservation
2 Prepare draft deed of incorporation with the notary online 1 day no charge
3 Sign the deed of incorporation before a notary public, file online the deed of incorporation with the Public Register of Commerce and obtain Certificate of Registration and obtain taxpayer identification number (Registro Unico del Contribuyente, RUC) 8 days USD 200 notary fee (both fees depend on market conditions) plus registration fees which are composed by: 0.3% of capital + USD 15 for performing the registration + USD 8 per appointment of each director, manager or other representative, up to the limit of PEN 3,650 (equivalent to 1 UIT - Peruvian Tax Unit as of January 2012).
4 The notary stamps the accounting book and the minute book 1 day USD 7 per book of no more than 100 pages. Most companies have between 5 and 9 of these books. Thus, the cost will range between USD 35 and USD 63.
5 Obtain municipal license from the City Council 15 days Fees vary depending on the District Council where the company’s office is located. In San Isidro between PEN 391 and PEN 489.

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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