We incorporate limited liability companies in more than 40 countries, our experience and relationship with the Public Register of Companies means, we can incorporate your Peru Private Limited Company, according to your specifications.
The Peruvian government seeks to attract investment in all sectors of the economy and has signed a number of free trader agreements and tax treaties.
We can establish a closely-held corporation/ Sociedad Anónima Cerrada (S.A.C) in Peru which, is a limited liability company. A closely-held corporation does not require a Board of Directors but, a Manager who will have powers determined by the partners; and it . Thus, its establishment and opening is not complicated.
All companies established in Peru are governed by the General Companies Law which was approved and published by the Peruvian Congress in 1997.
For the establishment of a closely-held corporation a Power of Attorney is required. This Power of Attorney must be granted by Deed and legalised by Peruvian Consul in the relevant country. Additionally, this power of Attorney should be recorded at the Public Register of Companies in Peru.
The process of a company formation in Peru can take up to 3 weeks. This including the signing of the Memorandum of Incorporation, Company formation through public deed, recording before the Public Registry and the Tax Authority and opening a banking account in the name of the company.
To incorporate a Peru company the following is required for the Peruvian Public Register of Companies
All official company documents must be in Spanish, but a certified translated copy in English may be attached if required.
The main type of company available in Peru:
There is no minimum capital requirements for a Peruvian company, and 25% of the chosen amount of capital must be fully paid up before incorporation. The remaining share capital may be paid up when the shareholders deem appropriate and may be in cash or assets. Only registered shares are authorised.
There must be at least two, and no more than twenty shareholders and they can be of any nationality and residency and may be individuals or corporations.
It is mandatory in Peru to keep accounting books, financial statements, and other records that accurately represent the companies financial position and explain its transactions. Financial statements must be filed in accordance with accounting principles in Peru, including International Accounting Standards.
Accounts must be kept in Spanish and in the national currency (Peruvian nuevo sol), unless the company receives or makes foreign investments.
Shareholder and director registers must be kept, and are available for public inspection upon request.
Financial statements must be prepared and presented at shareholder meetings but it is not necessary to have these accounts audited by an external auditor (with the exception of banking, insurance and listed companies).
We check that your Peru company name is acceptable and is not already incorporated with the Peruvian Public Register of Companies, certain company names are prohibited, such as names suggesting the patronage of any government or country. Prior approval by the Peru authorities is required.
Once incorporated we provide a set of corporate documents for your Peru company which, includes the Certificate of Incorporation, Memorandum of Association the Articles of Association and share certificates. Copies of the company incorporation documents are sent via email and the originals from the Public Register of Companies are sent to you in a corporate folder.
Your company must have a registered office in Peru, this is where documents may be legally served - we can provide a registered office in Peru.
In Peru it is mandatory to hold annual general meetings, which can be held in Peru or via video conferences, telephone or other similar electronic means.