Opening a Business in Peru

Establishing a company to do business in Peru is very often one of the major hurdles a foreigner faces when relocating here.

Complying with the New Anti-Corruption Law

Company owners should take note of recent changes made to Law N° 30424 –Law which regulates the responsibility of legal persons for the crimes of common bribery, transnational bribery, specific bribery, and crimes related to money laundering and illegal mining (hereinafter the “Law”). 

What are the main obligations of a foreign worker holding a carne de extranjeria in Peru?

Peruvian Immigration law establishes several obligations foreign workers must comply with. Among the most notable are the following...

GTOG CONTRACTS IN PERU

This contracting mechanism has taken on greater relevance from 2017 to the present, since its use for the Execution of the XVIII Pan American Games and Sixth Para Pan American Games 2019, and subsequently for the Implementation of the Integral Plan for the Reconstruction with Changes, Chinchero’s Airport, the Technical Assistance in the Execution of the Projects of the Sergio E. Bernales de Lima and Antonio Lorena de Cusco Hospitals, and the Contracting of the Technical Assistance in the execution of the "Expansion of the Central Highway" and "Construction of the Santa Rosa Expressway".

Recent Type of Companies Regulated in Peru

Over the recent years Peru has added two new types of companies to its roster: Simplified Closed Corporation - Sociedad Anonima Cerrada Simplificada (SACS) and Collective Benefit and Interest Company - Sociedad de Beneficio e Interés Colectivo (BIC). The former is a simplified version of a Closed Corporation (SAC), which reduces the costs and requisites for incorporation; whereas the latter (BIC) is a company whose economic activity is geared towards achieving environmental or social benefit goals. However, note that BIC is actually an additional category given to companies regulated by Peruvian law, e.g., SA, SAC, SRL. 

What should be the main components of an Anti-Corruption Compliance Program in Peru?

What should be the main components of an Anti-Corruption Compliance Program in Peru?

Law N° 30424 (the "Law") and its Regulation, establish that companies are exempt from liability, resulting from criminal acts of corruption committed by their legal representatives, if they adopt an Anti-Corruption Compliance Program in Peru prior to these crimes being committed...

What happens with the corporate name of a Peruvian branch (sucursal) if the corporate name of its foreing parent company is amended?

In such a case it is possible and advisable to modify the corporate's name of the branch in Peru...

Comentarios al reglamento de registro de sociedades acerca de la inscripción de poderes otorgados por sociedades constituidas en el extranjero

Muy a menudo las empresas extranjeras requieren otorgar poderes a un apoderado en el Perú para celebrar ciertos actos jurídicos inscribibles, como compraventa de inmuebles, o litigar en el Perú para exigir el pago de una deuda, o simplemente inscribirse en el Registro de Proveedores con el Estado y participar en contrataciones con el Estado. Conviene por ello recordar que la norma principal que se aplica para la inscripción de dichos poderes es el Reglamento de Registro de Sociedades, Resolución N° 200-2001- SUNARP-SN del 27 de julio de 2001, y en particular sus artículos 165° a 169°.