Starting a business in a new country can be challenging but also a great opportunity to expand horizons and tap into emerging markets. If you are a foreigner interested in starting a business in Peru, this article will guide you step by step to formalize your business and operate legally in the country.
Why Start a Business in Peru?
Peru is a growing economy that offers numerous opportunities for international entrepreneurs. Here are some key reasons to consider this country:
Consistent economic growth: Peru has demonstrated stability and sustained growth in recent years.
Access to regional markets: It is strategically located to facilitate business in Latin America.
Tax and legal advantages: There are incentives for foreign companies operating formally.
Diverse sectors: From mining to technology, Peru has highly competitive and growing industries.
Legal Requirements for Foreigners Who Want to Start a Business in Peru
Before starting the process, it is important to meet specific requirements for foreigners. These include:
Visa or residence permit: Depending on your immigration status, you may act as the legal representative of your company.
Business visa.
Work permit or permanent residence.
Identification document:
Foreigner’s ID card (for residents).
Passport (for non-residents).
Obtaining the RUC (Unique Taxpayer Registry): This registration is essential to operate legally in the country.
Registration with SUNARP (National Superintendence of Public Registries): Formalize your company’s incorporation.
Types of Companies You Can Establish in Peru
Peru offers different legal options to structure your business. The most common are:
Individual Limited Liability Company (E.I.R.L.):
Ideal for sole proprietors.
The owner’s personal assets are not at risk.
Closed Joint Stock Company (S.A.C.):
Requires at least two shareholders.
Offers a flexible corporate structure.
Limited Liability Commercial Partnership (S.R.L.):
Limited to 20 partners.
Partners’ personal assets are protected.
Branch of a foreign company:
For companies already operating in another country that want to expand to Peru.
Step-by-Step Guide to Starting a Business in Peru as a Foreigner
1. Reserve the Commercial Name
Verify through SUNARP that the desired name is not already registered.
Reserve the name to ensure its availability.
2. Draft the Articles of Incorporation
Hire a lawyer to draft this document, which includes:
Company name and type.
Partners’ details.
Initial capital.
Company bylaws.
3. Sign Before a Notary
Elevate the articles to a public deed.
All partners must sign before a notary.
4. Register with SUNARP
Register the company with the Public Registries to obtain the registration certificate.
5. Obtain the RUC
Present the registration certificate to SUNAT to get the Unique Taxpayer Registry.
6. Open a Business Bank Account
With the RUC and registration certificate, open a bank account to manage your company’s finances.
Benefits of Formalizing Your Business in Peru
Creating a formal business grants you:
Access to loans and financing: Banks and financial institutions offer exclusive options for formalized businesses.
Participation in tenders: You can compete in public and private sectors.
Legal protection: Avoid legal problems and protect your personal assets.
International expansion: Formalization facilitates market entry abroad.
Trust and credibility: A formal business conveys professionalism and seriousness.
Protect Your Business Identity with a Registered Trademark
In addition to starting your business, it is crucial to register your trademark to protect your company’s identity. Trademark registration grants you exclusive rights over your name, logo, or slogan, preventing others from using them without authorization.
Starting a business in Peru as a foreigner can be challenging, but with the right information and guidance, you can build a successful enterprise. Formalizing your company and protecting its identity are key steps to position yourself in the market and ensure the sustainability of your venture.
Make your business a reality in Peru. Contact us at info@ef-legal.com and receive personalized advice to start your company and register your trademark in Peru quickly and legally.

Comments