In this article, we will explore the top benefits of outsourcing in Peru and why international companies are increasingly choosing this South American nation as a strategic partner for business operations.

1. Access to a Skilled and Bilingual Workforce

One of the main reasons companies choose to outsource to Peru is the availability of a highly skilled and bilingual workforce. Peru has a growing pool of educated professionals, especially in industries such as IT, customer service, engineering, and finance. Many Peruvian professionals are proficient in English, making it easier for international companies to communicate and collaborate effectively.

Additionally, Peru has a robust educational system that produces graduates with strong technical and professional skills. Universities and technical institutions in Peru focus on fields like computer science, software development, digital marketing, and business management, providing international companies with a talented workforce to meet their operational needs.

Key Industries for Outsourcing in Peru:

• Information Technology (IT)
• Customer Support and Call Centers
• Finance and Accounting
• Human Resources
• Software Development
• Digital Marketing

2. Cost Savings

Cost reduction is one of the primary drivers behind outsourcing, and Peru offers substantial savings compared to other outsourcing hubs like North America or Europe. The cost of labor in Peru is considerably lower, allowing international companies to access skilled talent at a fraction of the cost they would incur in developed countries.

While labor costs are lower, the quality of work remains high, making Peru an attractive option for companies looking to maximize efficiency without sacrificing service quality. This cost-effectiveness extends beyond labor, as companies can also save on infrastructure, equipment, and administrative expenses by outsourcing to Peruvian service providers.

Cost Benefits of Outsourcing to Peru:

• Lower labor costs compared to North America and Europe.
• Reduced overhead for office space, utilities, and equipment.
• Lower operational costs due to favorable currency exchange rates.

3. Geographic and Time Zone Proximity to North America

For companies based in the United States or Canada, Peru offers the advantage of geographic proximity and a compatible time zone. Peru operates in the same time zone as Eastern Standard Time (EST) during part of the year and is only a few hours ahead of Pacific Standard Time (PST), making it easier for businesses in North America to coordinate operations in real time.

This time zone alignment is especially beneficial for outsourcing sectors like customer service, technical support, and IT services, where real-time communication and collaboration are essential. Unlike other offshore outsourcing destinations such as India or the Philippines, Peru’s time zone proximity allows for more seamless interactions and greater efficiency in business operations.

4. Political and Economic Stability

Peru has demonstrated strong political and economic stability over the past few decades, making it a reliable destination for outsourcing. The country has embraced free-market policies, fostering a business-friendly environment that encourages foreign investment. Peru’s government actively promotes international trade and economic partnerships, which helps create a favorable climate for outsourcing.

Economically, Peru has experienced steady growth, with an average annual GDP growth rate of 3-4% in recent years. Inflation rates remain low, and the country boasts strong fiscal management. This stability makes Peru a low-risk option for companies looking to establish long-term outsourcing relationships.

5. Business-Friendly Environment and Trade Agreements

Peru’s business environment is conducive to outsourcing due to its favorable trade agreements and ease of doing business. The country is a member of several key trade blocs, including the Pacific Alliance (alongside Mexico, Colombia, and Chile), and has free trade agreements with major economies like the United States, the European Union, China, and Canada. These trade agreements simplify the process for foreign companies to outsource to Peru by reducing tariffs, simplifying regulations, and fostering business cooperation.

Peru has also streamlined its regulatory processes, making it easier for foreign companies to establish partnerships with local outsourcing firms. The country’s commitment to creating a business-friendly climate has earned it high rankings in the World Bank’s “Ease of Doing Business” index.

6. Growing IT and BPO Sectors

Peru is quickly becoming a hub for Information Technology (IT) and Business Process Outsourcing (BPO). The country has made significant investments in its digital infrastructure, improving internet connectivity and expanding tech talent development. Lima, Peru’s capital, is home to a growing number of IT startups, software development companies, and BPO providers offering specialized services to global clients.

In the BPO sector, Peru has gained recognition for its high-quality customer service and call center operations. Many international companies are outsourcing customer support, technical help desks, and telemarketing services to Peru, benefiting from the country’s skilled workforce and competitive pricing.

Additionally, Peru’s IT outsourcing sector is expanding rapidly, with services such as software development, application management, and cybersecurity becoming key areas of expertise. Companies seeking cutting-edge IT solutions can tap into Peru’s growing tech ecosystem to drive innovation and stay competitive.

7. Cultural Affinity and Language Proficiency

Cultural alignment plays a significant role in the success of outsourcing partnerships. Peru has a strong cultural affinity with North America and Europe, thanks to shared business practices, values, and communication styles. This cultural compatibility can help reduce friction in day-to-day operations, allowing for smoother interactions between international companies and their Peruvian partners.

Language proficiency is another key factor, with many Peruvian professionals being fluent in English. This linguistic capability simplifies communication, reduces miscommunication, and fosters strong working relationships between international companies and their outsourced teams in Peru.

8. Strategic Location for Nearshoring

For companies looking to adopt a nearshoring strategy, Peru’s location is highly advantageous. Nearshoring refers to outsourcing services to nearby countries with similar time zones, making collaboration and communication easier. Peru’s strategic location in Latin America allows companies in the U.S. and Canada to take advantage of nearshoring benefits without dealing with the challenges that come with outsourcing to more distant locations in Asia or Eastern Europe.

Nearshoring to Peru can help businesses maintain closer oversight of outsourced functions, build stronger relationships with outsourcing partners, and facilitate faster turnaround times for projects.

9. Flexibility and Scalability

Outsourcing to Peru offers international companies the flexibility and scalability they need to meet fluctuating business demands. Whether your company needs to ramp up customer service during peak seasons, expand IT development capacity for a major project, or scale down operations during slower periods, outsourcing provides the agility to adjust as needed.

Peru’s outsourcing industry is equipped to handle these changes seamlessly, allowing companies to scale their operations up or down without the complications associated with hiring, training, and managing an in-house team. This flexibility is particularly valuable in today’s fast-paced business environment, where companies must be able to adapt quickly to changing market conditions.

10. Focus on Core Business Activities

One of the most significant benefits of outsourcing in Peru is the ability to offload non-core business functions, allowing companies to focus on their core competencies. By outsourcing administrative tasks, customer service, or IT management to skilled Peruvian professionals, international companies can concentrate their resources on driving innovation, expanding into new markets, or improving their products and services.

Outsourcing helps businesses enhance productivity, streamline operations, and allocate internal resources more effectively, leading to better overall performance and growth.

Peru is quickly becoming a premier destination for outsourcing, offering international companies a combination of cost savings, skilled talent, time zone compatibility, and a stable business environment. As Peru continues to strengthen its outsourcing sectors in IT, BPO, and customer service, the country’s appeal as a strategic partner for global businesses is only set to grow.

For companies seeking to optimize operations, enhance efficiency, and reduce costs, outsourcing in Peru provides a smart, scalable solution. By tapping into Peru’s skilled workforce and business-friendly climate, international companies can achieve greater success while staying competitive in the global marketplace.

Get Assistance from Easyco Experts!

Registering a company in Peru involves several detailed steps, from choosing the right legal structure to ensuring ongoing compliance with local regulations. By following this comprehensive guide, you can navigate the registration process more effectively and establish a solid foundation for your business in Peru. With its favorable economic environment and strategic location, Peru offers significant opportunities for growth and success in the Latin American market.

At Easyco, we make company formation in all of Latin America easy! Our team of corporate experts has vast experience helping companies and individuals register their business in LATAM, with a proven track record of success across all of our services. Easyco also aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in Latin America today!

Easyco also provides additional services to guarantee your company’s compliance, which include:

• Appointment of Legal Representation

• Providing a Registered Office Address

• Handling tax and accounting

• Hassle-free Payroll Services

• Manage your Trademark Registration

• Recruiting and Hiring Talent

• Corporate Legal Services

• PEO and EOR services

The post Top Benefits of Outsourcing in Peru for International Companies appeared first on Easyco.

1. Choosing the Type of Company

The first step in registering a company in Peru is selecting the appropriate legal structure. The most common types include:

• Sociedad Anónima (S.A.): A corporation where shareholders’ liability is limited to their capital contributions.
• Sociedad Anónima Cerrada (S.A.C.): A closed corporation suitable for small and medium-sized enterprises with limited shareholders.
• Sociedad Comercial de Responsabilidad Limitada (S.R.L.): A limited liability company often preferred by small businesses.
• Empresa Individual de Responsabilidad Limitada (E.I.R.L.): A sole proprietorship with limited liability.

Each type has specific characteristics and regulatory requirements, so it’s crucial to choose the structure that best aligns with your business goals.

2. Name Reservation

Before proceeding with the registration, you must reserve your company name with the National Superintendency of Public Registries (Superintendencia Nacional de los Registros Públicos – SUNARP). This step ensures that your chosen name is unique and not already in use by another entity.

3. Drafting the Company’s Bylaws

The company’s bylaws (Estatutos) outline the operational framework and governance of the business. These documents must include:

• The company name and registered office address.
• The purpose and scope of the business.
• Details about the capital structure and share distribution.
• Management structure and decision-making processes.
• Procedures for shareholder meetings and voting rights.

4. Notarization of Documents

Once the bylaws are drafted, they must be notarized. This involves signing the documents before a notary public in Peru. For foreign investors, it is advisable to appoint a local representative who can handle this process.

5. Registration with SUNARP

After notarization, the company must be registered with SUNARP. This step involves submitting the notarized documents, along with a registration fee. SUNARP will review the documents to ensure compliance with legal requirements and subsequently issue a registration certificate.

6. Obtaining a Tax Identification Number (RUC)

The next step is to obtain a Tax Identification Number (Registro Único de Contribuyentes – RUC) from the National Superintendency of Tax Administration (Superintendencia Nacional de Administración Tributaria – SUNAT). The RUC is essential for tax purposes and is required for issuing invoices, paying taxes, and opening a corporate bank account.

7. Opening a Corporate Bank Account

A corporate bank account is necessary for managing the company’s finances. Most banks in Peru require the registration certificate and the RUC to open an account. It is advisable to research different banks to find one that offers services tailored to your business needs.

8. Compliance with Labor Laws

If your company will have employees, it is essential to comply with Peru’s labor laws. This includes registering with the Ministry of Labor and Employment Promotion (Ministerio de Trabajo y Promoción del Empleo – MTPE), enrolling employees in the national health and pension systems, and adhering to regulations regarding employment contracts and workplace conditions.

9. Permits and Licenses

Depending on the nature of your business, you may need additional permits and licenses from various governmental agencies. This could include municipal licenses, sector-specific permits, and environmental approvals. It is crucial to identify all the necessary permits early in the process to ensure full compliance.

10. Ongoing Compliance

Once your company is registered, ongoing compliance with Peruvian regulations is essential. This includes regular tax filings, maintaining proper accounting records, and submitting annual financial statements. Non-compliance can result in penalties and affect your business operations.

The post Company Registration in Peru | 2024 appeared first on Easyco.

Beneficios de la Contabilidad y la Externalización Fiscal

En primer lugar, la subcontratación contable y tributaria en Perú brinda a las empresas acceso a un grupo de profesionales altamente calificados y bien versados en las leyes y regulaciones fiscales locales. Esta experiencia garantiza informes financieros precisos, minimizando el riesgo de errores costosos.

Además, la subcontratación puede conducir a ahorros sustanciales de costos. Al contratar expertos externos, las empresas pueden reducir los gastos generales asociados con los departamentos de contabilidad internos, como salarios, beneficios y costos de capacitación.

Además, agiliza las operaciones al permitir que las empresas se centren en sus competencias básicas. Este enfoque mejorado puede fomentar el crecimiento y la innovación, al tiempo que garantiza que el cumplimiento financiero siga siendo una prioridad.

Ventajas para las empresas en Perú

A la luz de estos beneficios, la externalización de servicios contables y fiscales en Perú tiene varias ventajas distintas. La economía estable del país y el entorno favorable a los negocios lo convierten en un destino atractivo para los inversores extranjeros y las empresas que buscan oportunidades de expansión.

Además, Perú tiene un grupo creciente de profesionales bilingües, lo que facilita la comunicación fluida con clientes y socios internacionales. Esta ventaja lingüística mejora la eficiencia de los servicios de externalización.

Además, la ubicación estratégica de Perú dentro de América Latina proporciona a las empresas una puerta de entrada a un mercado diverso y vibrante. Con numerosos acuerdos de libre comercio en vigor, las empresas pueden acceder a una base de clientes más amplia mientras se benefician de la reducción de las barreras comerciales.

Servicios incluidos en la externalización contable y fiscal

Al considerar la subcontratación, es crucial comprender el conjunto integral de servicios disponibles en Perú. Estos generalmente abarcan la planificación, preparación y cumplimiento tributario, preparación de estados financieros, administración de nóminas y servicios de auditoría. Este enfoque integral garantiza que todos los aspectos de la gestión financiera se manejen de manera experta, minimizando los riesgos de cumplimiento.

Por qué iniciar un negocio en Perú

Finalmente, surge la pregunta: ¿Por qué debería uno considerar iniciar un negocio en Perú? La respuesta está en su atractivo clima de negocios. Perú cuenta con un marco legal sólido que promueve la inversión extranjera, derechos de propiedad claros y un entorno macroeconómico estable. Además, el gobierno ofrece varios incentivos para estimular el crecimiento empresarial, incluidos beneficios fiscales para ciertas industrias y regiones.

En conclusión, la subcontratación contable y tributaria en Perú representa un movimiento estratégico para las empresas que buscan mejorar su eficiencia financiera, reducir costos y aprovechar el floreciente mercado latinoamericano. Las ventajas de este enfoque, junto con el entorno favorable para los negocios de Perú, lo convierten en una opción convincente para los empresarios que buscan prosperar en una economía global dinámica.

¿Cómo registrar una empresa en Perú?

• Elija el tipo correcto de empresa
• Reservar el nombre deseado
• Designar un representante legal
• Redactar y notarizar los artículos de incorporación
• Inscribir la empresa en el Registro Público
• Obtener un Número de Identificación Fiscal (RUC)
• Cumplir con las regulaciones laborales
• Obtener las licencias y permisos comerciales requeridos
• Abrir una cuenta bancaria corporativa

¡Obtenga asistencia de los expertos de Easyco!

¡En Easyco, hacemos que la formación de empresas en toda América Latina sea fácil! Nuestro equipo de expertos corporativos tiene una vasta experiencia ayudando a empresas e individuos a registrar sus negocios en LATAM, con un historial comprobado de éxito en todos nuestros servicios. Easyco también tiene como objetivo abordar los complejos procesos de formación de empresas en toda LATAM. Facilitamos el registro de empresas al proporcionar una experiencia de registro de empresa en línea sin complicaciones. ¡Comience su empresa en América Latina hoy!

Easyco también proporciona servicios adicionales para garantizar el cumplimiento de su empresa, que incluyen:

• Nombramiento de Representación Legal

• Proporcionar una dirección de oficina registrada

• Manejo de impuestos y contabilidad

• Servicios de nómina sin complicaciones

• Gestiona la apertura de la cuenta bancaria de tu empresa

• Gestione su registro de marca

• Reclutamiento y contratación Talento

• Servicios Legales Corporativos

• Servicios PEO y EOR

The post Accounting and Tax Outsourcing in Peru | Benefits appeared first on Easyco.

What is a Payroll Outsourcing Service?

Also referred to as payroll outsourcing, It is an external service whose aim is to carry out all the operations of the calculation and settlement of the payroll outside the company. This service is provided by experts who efficiently comply with all the required payroll obligations to avoid the company having any tax, labor, and financial issues down the road. In addition, the confidentiality of the information handled is key among parties and has to be ensured.

Payroll Outsourcing Services in Peru

Among the payroll services, Easyco offers:

• Complete the calculation of the paycheck, according to the remuneration policies of your company.

• Direct Deposit – Multiple accounts, management of the payroll payments according to the structures of the different banks.

• Payroll tax – Comprehensive service.

• Locality processing.

• Reporting of employee benefits, determination of the benefits, and monthly contributions such as AFPs, ONP, EsSalud, and others.

• Usage tracking and accrual – Vacations, Holidays, Sick, Personal time, PTO.

• Digital checks in PDF format.

• Garnishment disbursements.

• Reports – Standard and client-developed reports.

• Guidance for employee insurance.

• Customer support.

Some Employee Contributions

Some of the payroll taxes that are considered in Peru are health and pension fund contributions:

• Health Contribution: Here you have the option of choosing between the public and private sectors since we have the National Health System – EsSalud whose contribution is equal to 9% of the employee’s remuneration or the Private Health System – EPS whose contribution will depend on the working conditions and the option of the employee. Employers are responsible for this contribution.

• Pension Fund: Here the employer will deduct from the worker’s remuneration approximately 13%. In Peru, it is the National System of Pensions (ONP) or the Private System of Pensions (AFP), in this last system, the percentage is different.

Benefits of Payroll Services

Additionally, we can point out the following benefits:

• Save time, since you will have the payroll information at the time they are required, along with their corresponding reports.

• Minimize errors, since the payroll is managed by local experts, helping you avoid expensive fines and/or discomfort from your employees.

• Reduce operational costs, since the administrative costs of human resources will be reduced.

Get Assistance from Easyco Experts!

At Easyco, we make company formation in all of Latin America easy! Our team of corporate experts has vast experience helping companies and individuals register their business in LATAM, with a proven track record of success across all of our services. Easyco also aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in Latin America today!

Easyco also provides additional services to guarantee your company’s compliance, which include:

• Appointment of Legal Representation

• Providing a Registered Office Address

• Handling tax and accounting

• Hassle-free Payroll Services

• Manage your Company bank account opening

• Manage your Trademark Registration

• Recruiting and Hiring Talent

• Corporate Legal Services

• PEO and EOR services

The post Payroll Outsourcing Services in Peru appeared first on Easyco.

Types of Work Visas in Peru

1. Work Visa (Residente Trabajador): This visa is suitable for individuals who have secured a job offer from a Peruvian employer. It allows the holder to work and reside in Peru for an extended period.
2. Temporary Work Visa (Residente Temporal): Intended for those who will be working in Peru for a fixed period, such as contract workers or specialists. This visa is granted for up to one year.
3. Business Visa (Residente de Negocios): While not specifically a work visa, the Business Visa permits foreign nationals to engage in business-related activities in Peru. It can suit individuals attending meetings, exploring business opportunities, or engaging in investment activities.

Requirements for Work Visas in Peru

To obtain a work visa in Peru, applicants generally need to fulfill the following requirements:

1. Job Offer: For the Work Visa (Residente Trabajador), a valid job offer from a Peruvian employer is required. The offer should outline the terms of employment, including the duration and salary.
2. Contract: Foreign nationals applying for a Temporary Work Visa (Residente Temporal) must provide a copy of the work contract or agreement, specifying the duration of employment and the responsibilities.
3. Background Checks: Applicants need to present a police clearance certificate issued by their country of origin or their most recent residence. This certificate should confirm that they have no criminal record.
4. Passport: A valid passport with at least six months of remaining validity is essential for all work visa applications.
5. Proof of Financial Means: Applicants must demonstrate they have sufficient financial means to support themselves during their stay in Peru. This can be shown through bank statements or a letter from a financial institution.
6. Health Certificate: A medical certificate indicating that the applicant is in good health may also be required.

Processing Time

The processing time for work visas in Peru can vary, but it typically takes four to eight weeks from the submission date. It’s important to submit the application well in advance to allow for any unforeseen delays. The processing time can be affected by factors such as the workload of the immigration authorities and the completeness of the application.

Navigating the process of obtaining a work visa in Peru is crucial for foreign nationals planning to work and reside in the country. Understanding the different types of work visas available, meeting the specific requirements, and allowing sufficient processing time are essential steps for a successful application. Following these guidelines, individuals can embark on their professional journey in Peru with the proper legal documentation.

Remember to consult with a professional immigration attorney or contact the Peruvian embassy or consulate for the most up-to-date and accurate information regarding work visas in Peru.

Get Assistance from Easyco Experts!

At Easyco, we make company formation in all of Latin America easy! Our team of corporate experts has vast experience helping companies and individuals register their business in LATAM, with a proven track record of success across all of our services. Easyco also aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in Latin America today!

Easyco also provides additional services to guarantee your company’s compliance, which include:

• Appointment of Legal Representation

• Providing a Registered Office Address

• Handling tax and accounting

• Hassle-free Payroll Services

• Manage your Company bank account opening

• Manage your Trademark Registration

• Recruiting and Hiring Talent

• Corporate Legal Services

• PEO and EOR services

The post Work Visas in Peru: Types, Requirements, and Processing Time appeared first on Easyco.

Recruiting and Hiring Practices in Peru

Recruiting and hiring practices in Peru vary depending on the company and the industry. However, there are some common practices that are followed by most businesses. For example, it is common for companies to use job portals, social media, and recruitment agencies to find candidates. Additionally, many companies also use employee referrals and networking to find potential candidates.

In terms of the hiring process, it is typical for candidates to go through multiple rounds of interviews, including phone interviews, face-to-face interviews, and technical assessments. It is also common for companies to conduct background checks and reference checks before making a final offer.

Legal Framework for Hiring in Peru

When it comes to hiring in Peru, it is important for companies to be aware of the legal framework that governs the hiring process. Some of the key regulations include:

1. Labor Contracts: All employees must have a written labor contract that outlines their salary, benefits, and working conditions. This contract must be signed by both the employee and the employer.
2. Minimum Wage: There is a minimum wage in Peru, which is set by the government, and can vary by industry. It is important for companies to ensure that they are paying their employees at least the minimum wage.
3. Social Security Contributions: Employers must contribute to the social security system on behalf of their employees. This includes contributions to healthcare, pensions, and other social benefits.

Tips for Recruiting and Hiring in Peru

If you are looking to recruit and hire top talent in Peru, here are some tips to keep in mind:

1. Use Local Job Portals: There are several local job portals that are popular in Peru, such as Laborum, Bumeran, and Indeed Peru. These portals can help you reach a wider audience and find qualified candidates.
2. Leverage Social Media: Social media is widely used in Peru, so it can be an effective way to reach potential candidates. Consider using platforms such as LinkedIn, Facebook, and Twitter to promote job openings and connect with candidates.
3. Consider Hiring a Recruitment Agency: If you have trouble finding qualified candidates, consider working with a recruitment agency. These agencies have extensive networks and can help you find the right candidates quickly. At Easyco, we can help you manage all necessary processes.
4. Be Aware of Cultural Differences: When recruiting and hiring in Peru, it is important to be aware of cultural differences. For example, Peruvian candidates may prioritize job security and stability over other factors. Understanding these cultural nuances can help you better connect with candidates and build stronger relationships.

Recruiting and hiring top talent in Peru can be a challenging but rewarding process. By understanding the local job market and legal framework, and by following best practices for recruitment and hiring, companies can find the right talent to help them grow and succeed.

Get Assistance from Easyco Experts!

At Easyco, we make company formation in Peru and all of Latin America easy; our team of corporate experts has vast experience helping companies and individuals register their business in LATAM, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in Latin America today!

Easyco also provides additional services to guarantee your company’s compliance, which includes:

• Appointment of Legal Representation

• Providing a Registered Office Address

• Handling tax and accounting

• Hassle-free Payroll Services

• Manage your Company bank account opening

• Manage your Trademark Registration

• Recruiting and Hiring Talent

• Corporate Legal Services

• PEO and EOR services

The post Recruiting and Hiring in Peru: Talent Acquisition appeared first on Easyco.

If you want to do business in Peru, you’ll need to open a corporate bank account to manage your finances. Furthermore, it gives your company a better image and your clients and providers’ trust.

Who can open a corporate bank account in Peru? What are the different types of bank accounts? What documents are required? How to register a company in Peru?

Here’s a step-by-step guide on how to open a corporate bank account in Peru:

1. Determine which type of bank account you need

Before opening a corporate bank account in Peru, it’s important to determine which type of account is best for your business. The most common types of accounts are checking accounts and savings accounts. You should also consider whether you need a local or foreign currency account, as well as any other specific features that are important to your business.

2. Gather your documents

In order to open a corporate bank account in Peru, you will need to provide the following documents:

• A copy of your company’s articles of incorporation
• Your company’s tax identification number (RUC)
• A document proving the identity of the company’s legal representative
• A document proving the identity of each authorized signatory

3. Choose a bank

Peru has several reputable banks that offer corporate banking services, including Banco de Crédito del Perú, Interbank, Scotiabank, and BBVA. It’s important to research each bank’s offerings and fees to find the best fit for your business.

Furthermore, choosing a bank that offers the best fees and completion times for international transactions is important.

4. Schedule an appointment with the bank

Once you’ve chosen a bank, you’ll need to schedule an appointment to open your account. Make sure to bring all of the required documents with you to the appointment.

5. Complete the account opening process

During the appointment, you’ll need to provide the bank with all required documents and fill out any necessary forms. The bank will also perform a background check on your company and legal representatives before approving the account.

6. Start using your account

Once your account has been approved, you can start using it to manage your finances in Peru. Be sure to familiarize yourself with the bank’s fees and features to make the most of your account.

In conclusion, opening a corporate bank account in Peru is a straightforward process that can be completed in just a few steps. By choosing the right account type, gathering the necessary documents, and working with a reputable bank, you can easily manage your finances in Peru and focus on growing your business.

Get Assistance from Easyco Experts!

Peru is the perfect country to register your business! You can get in touch with us to ensure you register your company correctly and comply with all local laws and regulations. Our team of experts will make the company registration process easy for you!

At Easyco, we make company formation in Latin America easy. Our corporate experts have vast experience helping companies and individuals register their businesses, with a proven track record of success across all our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in South America today!

Additionally, Easyco provides additional services to guarantee your company’s compliance, which includes:

• Appointment of legal representation,
• Providing a registered office address
• Handling tax and accounting
• Hassle-free Payroll Services
• Manage your Company bank account opening
• Manage your Trademark Registration
• Recruiting and Hiring Talent
• Corporate Legal Services.

The post How to open a Corporate Bank Account in Peru? appeared first on Easyco.

The Peruvian Government has always looked for standardizing its processes and becoming a business-friendly country giving the same benefits and applying the same regulations for national and foreign investors. Due to the current situation, Peru wants to facilitate processes to do business in order to attract more investors, this entails systematizing certain procedures as company formation, online solutions with public and private entities.

Types of companies in Peru

There are different types of company structures that entrepreneurs have available to start a business. For that reason, you have to choose the one that is best suited to your company activities.

It is known that the most common type of corporation in Peru is the Sociedad Anónima Cerrada – S.A.C. (Private Closed Corporation) due to its flexible nature, but there are other types of corporate structures, among them we can mention:

1. Limited Liability Company (E.I.R.L.)

2. Joint Stock Company (S.A.) These Corporations can be open “Open Stock Corporation” (Sociedad Anónima Abierta – S.A.A.) or closed “Private Closed Corporation” (Sociedad Anónima Cerrada – S.A.C.)

3. Commercial Limited Liability Company (S.R.L.)

You can find more information by clicking on the link to read our article Most Common Types of Company in Peru.

COVID-19: Digital Registry in the incorporation of companies in Peru

One of the important news this year, is that the National Superintendence of Public Registries (Superintendencia Nacional de los Registros Públicos – SUNARP) allows the registration of the incorporation of companies through its online platform SID-SUNARP, in order to speed up the flow of investors interested in establishing a company in Peru.

Once the registration is completed at SUNARP, the National Superintendence of Customs and Tax Administration (Superintendencia Nacional de Administración Tributaria – SUNAT) will automatically assign the RUC number of the incorporated company.

Furthermore, the notary must deliver the access request form (if applicable), the SOL password and user code to the legal representative of the company so that he/she can access the Peruvian Tax administration (SUNAT) Online Operations.

These measures facilitate the delivery process of the articles of incorporation of companies by notaries. This disposition will be permanent as a positive consequence of the state of emergency, propelled by the COVID-19.

In addition, we provide here a link of a detailed article on How to form a company in Peru, you can also watch the following video that explains in an interactive way the steps to follow:

Get in touch with Easyco

Peru is a country open to foreign investment with strong macroeconomic policies. To make sure you register a company in Peru the right way, get in touch with Easyco, our experts make sure you have a hassle-free company formation process that complies with all Peruvian laws.

At Easyco, we make company formation in Peru easy; our team of corporate experts has vast experience helping companies and individuals register their business in Peru, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM and makes business registration easy by providing a hassle-free online company registration experience. Start your company in Peru today!

Easyco also provides additional services to guarantee your company’s compliance, which include:

• Appointment of legal representation,

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Recruiting and Hiring Talent

• Manage your Company bank account opening

• Manage your Trademark Registration

• Corporate Legal Services

The post Peru News: Register a company in Peru in 2022 appeared first on Easyco.

Every company in Peru requires a legal representative. In this quickstart guide, we make a summary of the important aspects of the legal representative, which is an essential part of your company formation in Peru.

1. What is a Legal Representative?

Peruvian legislation requires a legal representative as part of the statutory process of forming a company. A legal representative usually holds the position of the General Manager, a position that is necessary when forming a company.

The Legal representative is the individual responsible to act on behalf of the shareholders of a company.

2. Who can be a Legal Representative?

Any person 18 years old or older that holds a Peruvian nationality can be appointed as a legal representative.  Also, a foreigner can be appointed as a legal representative as long as they have a valid residency in Peru.

Moreover, although a non-resident foreigner can’t act as a General Manager, he or she can be appointed as an alternate representative of a company with a valid passport.

3. When do you appoint the Legal Representative?

You must appoint a legal representative at the beginning of the company registration in the company bylaws. You can also change the legal representative at a later time via a modification of the company bylaws through a public deed that is submitted to Public Registries.

4. What are the activities of the Legal Representative?

The legal representative acts in the best interest of the company and usually performs various tasks such as completing processes in Public Registries, signing contracts, and opening bank accounts. Essentially, any activity that allows your business to operate in the country. Since the Legal Representative acts on behalf of the company owners, this also can limit what the legal representative can or cannot do. In addition to this, the legal representative is the first point of contact for government authorities.

5. Easyco and Legal Representation. What to expect?

Easyco provides a Peruvian legal representative as an additional service to act as the General Manager for compliance purposes for your Company Formation process in Peru. Easyco corporate experts bring a proven track record of legal representation kept to high standards, helping you with your company requirements and business formation in Peru.

6. Want to register a company in Peru?

Easyco provides full-fledged company formation services in Peru for your company requirements; we assist with your company registration, compliance, and growth. At Easyco we take pride in making company registration a hassle-free process by giving you an online application experience, made for the 21st century.

Our video below provides a step-by-step summary of your company incorporation process. You can also visit the video’s detailed company formation article here.

The post What is a Legal Representative in Peru? Legal Representation in 2022 appeared first on Easyco.

In this article we will explain in general terms the tax regimes and their characteristics for a better decision at the moment of setting up your company and define under which one you want to register it.

What are tax regimes?

A tax regime is defined as the manner in which tax payments are made and which amount is due. It is divided into different categories and you can choose one of them depending on the type and size of your business.

Any person, whether natural or legal, who is about to start a business must register before the Peruvian tax authority, SUNAT, and must choose the tax regime to which they want to belong.

There are four tax regimes considered, which are the following:

• New Single Simplified Regime (NRUS),

• Special Income Tax Regime (RER)

• MYPE Tax Regime (RMT) and

• General Regime (RG).

1. New Simplified Single Regime (NRUS):

Only natural persons can apply and they only issue sales tickets. They only have to make a single monthly payment online or in banks; and this payment will depend on the amount of income or purchases made in the month.

Among the ventures that can be in this regime are stores, market stands, shoe shops, bazaars, small restaurants, hairdressers, among others.

Here are not required to use books or accounting records. Neither are they required to present annual declarations for the activities carried out.

Their income or purchase limit is up to PEN 96,000.00 per year and their value of fixed assets must not surpass PEN 70,000.00 not including properties and vehicles.

2. Special Income Tax Regime (RER)

This applies to individuals with business and legal entities that generate income from commercial and/or industrial activities or provide services. They issue all types of receipts.

They are only required to have a Purchase and Sales Register and they only have to present monthly declarations since they are not obliged to present annual declarations.

Their limit of income or purchases is up to PEN 525,000.00 annually and their value of fixed assets must not surpass PEN 126,000.00 not including land and vehicles.

They must only have a maximum of 10 workers per shift.

3. MYPE Tax Regime (RMT)

This regime is focused on micro and small businesses since it has benefits and tax conditions to help in their growth. Both natural and legal persons can apply, and they issue all kinds of receipts.

Accounting books are kept and presented according to the amount of income the company generates and the activities it performs. Also, it must make annual declarations.

The company’s net income must not exceed 1700 UIT (Tax Unit) per year. However, there are no limits on purchases, the value of fixed assets, or the number of workers. As of 2022, the ITU is 4,400 PEN.

4. General Regime (RG):

Medium and large companies, whether individuals with a business or legal entities, which generate third-category income, belong to this regime. They issue all types of receipts.

Accounting books are kept and presented according to the amount of annual income that the company generates and the activities it carries out. The Financial Statement and the Income Statement are prepared and must be considered when presenting the Annual Declaration.

It has no limit on income, purchases, the value of fixed assets, or the number of workers.

Get Assistance from Easyco Experts

If you are planning to establish your company in Peru, keep in mind that you must know how to choose the ideal regime for your business, therefore you must work hand in hand with specialists.

At Easyco you can count on professional experts to manage your company successfully and in accordance to local tax laws.

Click here for more information.

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