Peru

Starting a Business in

Peru

Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Peru. It examines the procedures, time and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the economy's per-capita gross national income.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 185 economies. The most recent round of data collection was completed in June 2012.

Compare Peru to 184 other economies.

  • Standardized Company

  • Legal Form: Sociedad Anónima – simple corporation
  • Paid in Minimum Capital Requirement: None
  • City: Lima

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No. Procedure Time to Complete Associated Costs
1 Check the uniqueness of company name and reserve it online

The entrepreneurs selects a company name and conducts a search to verify that the name is unique in SUNARP website.The proposed name may be reserved or blocked for 30 days in the Public Registry so that no other company can register the same name during that time.
1 day PEN 9 for search + PEN 9 for reservation
2 Prepare draft deed of incorporation with the notary online

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.
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)

After the Notary receives the information sent by the entrepreneur, creates the public deed and, after signature by the shareholders, files it with the Mercantile Registry through the Notary's module. 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. The Registrar is also interconnected with the tax authority (SUNAT) to register the company as a taxpayer.

The incorporation documents must include, at least, (a) the company name; (b) its purpose and duration; (c) the company domicile; (d) the initial capital contribution; (e) the shares nominal value and the total number of shares; (f) the classes of shares, if needed; (g) the name, nationality, marital status, occupation, and residence of any individual shareholder; (h) the names of the initial directors, managers, and agents; and the (i) the date of startup operations.

 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

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). 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 further simplied 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 ans security requirements is now checked by the municipality with inspections after submitting request for Municipal Operating License. This system is now operational in all Lima’s District Councils.
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.
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