The New Citizenship Law in Peru

The Peruvian congress has passed a new citizenship law, which is set to repeal and replace the previous Law of Peruvian Citizenship, which had been in effect since 1996. In this article we will go over the major changes introduced by the new law. 

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 last years Peru has added two new forms of companies to its roster: Simplified Closed Corporation Companies - Sociedad Anonima Cerrada Simplificada (SACS) and Collective Benefit and Interest Companies - Sociedad de Beneficio e Interés Colectivo (BICs). The former are a simplified version of Closed Corporation (SAC), which reduce the costs and requisites for incorporation; whereas the latter (BICs) are companies whose economic activity is geared towards achieving environmental or social benefit goals.

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...