How To Set-Up a Company In Perú

How to Set-Up a Company In Perú

Setting up a business in Peru is not as daunting as it seems. With some capital and a sound business plan, among other things, you'll be well on your way to doing business, the Peruvian way.
Instructions
* First, pick a name. The process of setting up usually takes about four-to-six weeks. "You start by picking a corporate name, which normally but[not]necessarily includes the names of the main partners. To get a right to incorporate a company with [a] corporate name you have picked, you need to make a reservation at the Public Registry. If there are no conflicts with other corporate names, then you get the right to incorporate a company within the following 30 days," he said.U.S. businessman Ron Flavin, who has operated Lima-based Turner GroupMarketing for three years, concurs that the prospective Peruvian entrepreneur needs to register with the local government body.Flavin also cites the obvious: It's also important of course to open a Peruvian bank account. Some banks have offices in the States as well, in which case you can accomplish this remotely. Otherwise, you will need to do it in person.
* Secondly, the businessperson has togo and file the articles of incorporation together with the by-laws with a public notary "and at the same time you need to deposit the starting capital in a temporary bank account in the name of the company," Benavides said.
* Next, the partners execute the incorporation public deed before the notary. And after execution of the deed, the company needs to file the deed with the Public Registryto obtain registration. Only once registration has been granted, is the new company legally and validly incorporated and existing.
* In order to transact business, the company will need to register and obtain the Tax Roll Number with the taxing agency, called Superintendencia Nacional de Administración Tributaria (SUNAT). This government agency is involved in taxation issues regarding Incometax, Added Value Tax and collecting Social Security funds, for example.
* Finally, do the normal steps for operating a business. Make sure you grow your clientele. Speak the language. Don't neglect good customer service skills. All of this is tantamount.Lima especially is a growing metropolis, ripe for fresh entrepreneurial minds to come onboard. Good luck -- or rather, buena suerte!-------------------------------------------------

Steps
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1 | Check the uniqueness of company name and reserve it online

The entrepreneurs selects a company name and conducts a search to verify that the name is unique in SUNARP website. A link to the SUNARP website is provided in the Portal de Servicios al Ciudadano y a las Empresas (http://www.serviciosalciudadano.gob.pe/).The proposedname may be reserved or blocked for 30 days in the Public Registry so that no other company can register the same name during that time. |
2 | File the draft deed of incorporation with the notary online

The entrepreneur access the system through the Portal de Servicios al Ciudadano y a las Empresas (http://www.serviciosalciudadano.gob.pe/). The entrepreneur selects a notary and sends him thenecessary information for incorporation. |
3 | Sign the deed of incorporation before a notary public, file online the deed of incorporation with the Public Register of Commerce and obtain Certificate of Registration and obtain taxpayer identification number (Registro Unico del Contribuyente, RUC)

After the Notary receives in his inbox the information sent by the entrepreneur, creates thepublic deed and, after signature by the shareholders, files it with the Mercantile Registry through the Notary's module. Notary fees are up to 1% of capital, depending on the company size, the length of the public deed, and the initial capital contribution. The entrepreneur also pays the registration fees to the Notary. The Registrar receives the public deed and proceeds to register the company....