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Ease of Doing Business in

Peru

Peru Download Profile (1751.9KB, pdf)
Region Latin America & Caribbean
Income Category Upper middle income
Population 31,376,670
GNI Per Capita (US$) 6,200
City covered Lima

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 54 53 down
1
70.25 70.22 down
0.03
Starting a Business 103 94 down
9
85.01 85.02 down
0.01
Dealing with Construction Permits 51 48 down
3
74.70 74.69 up
0.01
Getting Electricity 62 56 down
6
79.06 79.09 down
0.03
Registering Property 37 38 up
1
76.69 76.77 down
0.08
Getting Credit 16 14 down
2
80.00 80.00
-
Protecting Minority Investors 53 51 down
2
60.00 60.00
-
Paying Taxes 105 107 up
2
69.04 68.45 up
0.59
Trading across Borders 86 86
-
71.45 71.45
-
Enforcing Contracts 63 62 down
1
60.70 60.70
-
Resolving Insolvency 79 77 down
2
45.85 46.01 down
0.16

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 103

DB 2016 Rank: 94

Change in Rank: down9

DB 2017 DTF (% points): 85.01

DB 2016 DTF (% points): 85.02

Change in DTF (% points): down0.01

Standardized Company
Legal form: Sociedad Anónima – simple corporation
Paid-in minimum capital requirement: PEN 0
City: Lima
Indicator Peru Latin America & Caribbean OECD high income
Procedure – Men (number) info_outline 6.0 8.3 4.8
Time – Men (days) info_outline 26.0 31.6 8.3
Cost – Men (% of income per capita) info_outline 9.9 31.5 3.1
Procedure – Women (number) info_outline 6.0 8.3 4.8
Time – Women (days) info_outline 26.0 31.6 8.3
Cost – Women (% of income per capita) info_outline 9.9 31.5 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 2.3 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Check the uniqueness of the proposed company name and reserve it online

    Agency: Peruvian Public Registry

    The entrepreneurs select a company name and conduct a search to verify that the name is unique in SUNARP. This search can be made through SUNARP website (www.sunarp.gob.pe) or directly in any of the offices that this entity has.
    Less than one day (online procedure) PEN 5 for search + PEN 19 for reservation
    2

    Prepare the deed of incorporation online with a notary

    Agency: Portal Servicios Ciudadano y Empresas

    The entrepreneur can access the system through the Portal de Servicios al Ciudadano y a las Empresas (http://www.serviciosalciudadano.gob.pe/). The entrepreneur selects a notary and sends him the necessary information for incorporation.
    Less than one day (online procedure) included in next procedure
    3

    Sign the deed of incorporation before a notary public; file online the deed of incorporation with the Public Register of Commerce

    Agency: Notary

    The sign of the deed of incorporation before a Public Notary takes around 1 day. Notwithstanding that the Public Registry has 35 working days to record a company, during the first 7 days of this term the Public Register has the obligation of register the company or identify the problems that do not allow the registration in order that the interested parts solve it.

    After the entrepreneur creates the public deed and the shareholders signature, it must file the deed with a Notary. Notary fees are up to 1% of capital, depending on the company size, the length of the public deed, and the initial capital contribution. The entrepreneur also pays the registration fees to the Notary. The Registrar receives the public deed and proceeds to register the company.

    Cost details: USD 200/USD 300 notary fee (both fees depend on market conditions) plus registration fees which are composed by: 0.3% of capital + PEN 40 for performing the registration (1.08% of the UIT) + PEN 9 per appointment of each director (0.24% of UIT), manager or other representative, up to the limit of PEN 3,950 (equivalent to 1 UIT - Peruvian Tax Unit).
    8 days see procedure details
    4

    Obtain Certificate of Registration and obtain taxpayer identification number

    Agency: Tax Authority (SUNAT)

    It is necessary to register all new companies on the Taxpayer Identification Number (Registro Único de Contribuyentes - RUC). With that purpose, the legal representative must complete some forms to present before the National Tax Authority, accompanying them with his ID, a document which sustains the place of activities, the certificate of registration of the company on the Public Registry.
    1 day no cost
    5

    Stamp accounting book and minute book

    Agency: Public Notary

    The accounting book and the minute book need to be stamped by a notary. Costs will depend on Public Notary rates and the length of the books. Usually the accounting books have between 250 to 1000 pages, and the minute books between 50 to 200 pages.
    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.
    6

    Obtain municipal license from the City Council

    Agency: District Council

    A municipal license, required to operate commercially, is obtained from the municipality of the jurisdiction where the company is located. Some district councils require a provisional license while the permanent license is being processed. In most cases, the district council requires a copy of the incorporation documents, the public deed, the distribution plan, property title documents (if applicable).

    The cost varies based on each city council and on the size of the premise. For example, at the City Council of Miraflores in the case of an office with less than 100m, the cost is 10.69% of the UIT.

    Ordinance No. 857 simplified the license application process in the metropolitan municipality of Lima (Municipalidad Metropolitana de Lima). Law 28976 of 19 January 2007 on the operating license (Ley Marco de Licencia de Funcionamiento) has simplified the system by eliminating the need of a Certificate of Compatibility as a requisite and by replacing it by a simple verification that the new company meets zoning regulations.

    The requirements for the Certificate of INDECI have also been simplified. Categories I and II licenses (premises up to 500 m2) do not need to submit a Certificate of INDECI but the compliance with health and security requirements is now checked by the municipality with inspections after submitting request for Municipal Operating License. This system is now operating in all Lima’s District Councils.

    A few District Councils, such as Miraflores, provides online procedures for this purpose.
    15 days Fees vary depending on the District Council where the company’s office is located.