When incorporating, you must look at the law in the country, in Peru is civil law law. You will want to get some local advice as to how to best structure a company in Peru. E-signatures are allowed.
The country code PE is for Peru and the most common legal entity type in Peru is a LLC.
You should expect a wait time of 12 weeks to incorporate a LLC in PE. The min share capitalization is 0, This means you don't have any minimum share capital. The types of consideration you can use to setup your business is often any legal tender.
Yes, one is allowed to re-domicile a LLC from PE. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least This means it is not possible for you to own a LLC in Peru as a sole shareholder. You must have other shareholders, they can be nominees or de facto shareholders. Corporate Shareholders are allowed, meaning you could have a company as a shareholder. Foreign ownership is tolerated, up to 100% of the total equity of the company.
Moreover, corporate directors are permitted. Directors should not expect to be private, as they are disclosed. There is a body of law which requires companies to hold an annual meetings of shareholders.
A registered office is a requirement, whom the company will pay yearly, for a legal services company which can receive litigation or other legal process on behalf of the business. Furthermore, a company secretary is not a requirement.
There is a requirement to file accounts to relevant authorities. On that note, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are not in effect.
A corporate director is permitted, meaning this country is a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Peru, Ministerio de Relaciones Exteriores. Shareholders are disclosed in the Ministerio de Relaciones Exteriores.
Typically companies take 12 weeks to setup and there are - director(s) required and 2 shareholder(s) required at the time of incorporation.
Overall we think Peru is a ok option and have given it a score of 48 as an IO score, using the Incorporations.IO proprietary formula.
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