| LLC | Free Zone Company | JSC | Branch Office | Rep Office | |
|---|---|---|---|---|---|
| Local Name | SRL | Empresa de Zona Franca | SA | Sucursal | Oficina de representación |
| Company Setup Time | 10 weeks | 10 weeks | 10 weeks | 14 weeks | 14 weeks |
| Bank Account Opening | 20 days | 20 days | 20 days | 20 days | 20 days |
| Government Grants Available | Yes | Yes | Yes | No | No |
| Government Contracts Bidding | Yes | Yes | Yes | No | No |
| Legal Liability | Yes | Yes | Yes | No | No |
| Client Required to Travel | No | No | No | No | No |
| Inquiry | Inquiry | Inquiry | Inquiry | Inquiry |
Corporate Structure Explained
The Peru limited liability company (Sociedad de responsabilidad limitada)
- The registration of an SRL in Peru needs a minimum of two shareholders, who may be individuals or corporate enterprises. Shareholders may be residents of Peru or foreign residents. The company must appoint at least one manager to be accountable for the management of the company.
The Peru joint stock company (Sociedad anónima)
- Foreign entities looking to set up their business in Peru prefer to set up a joint stock company (JSC). There is a necessity for at least two shareholders to complete the incorporation process, who may be corporate entities or individuals and may be local or foreign citizens. There is no requirement for minimum share capital to register a JSC in Peru. This company must appoint at least three managers, who must be individuals.
The Perun branch (sucursal)
- The General Companies Law of Peru (LGS) allows foreign companies interested in establishing a permanent presence to establish a branch in Peru.
- Except for tax matters, the branch office is not regarded as a separate legal business. The holding company is therefore responsible for its activities. It shall appoint a legal representative who shall be a Peruvian local resident.
The Perun representative office (oficina de representación)
- A representative office in Peru must be regarded as a separate legal enterprise from its holding company and is not allowed to participate in any sale or purchase in Peru.